Devki Steel Mills , the flagship steel unit of Kenyan industrialist Narendra Ravals Devki Group, has been fined Ksh287.9 million 2.23 million along with six other steel producers by Kenyas Competition Authority for allegedly fixing prices and restricting imports.
The Competition Tribunal upheld the penalty in Oct. 2025. It is one of the largest ever given in Kenya's manufacturing sector. The ruling sends a message to an industry long seen as central to the countrys infrastructure growth but increasingly under scrutiny for anti-competitive practices.
Tribunal upholds cartel ruling