| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/06/1527 (8.11.06) |
| Publication Date | 08/11/2006 |
| Content Type | News |
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The European Commission has re-adopted a decision on a cartel in the steel beams sector and fined Arcelor Luxembourg SA (formerly Arbed SA), Arcelor International SA (formerly TradeArbed SA) and Arcelor Profil Luxembourg SA (formerly ProfilArbed SA) a total of €10 million for participating in a cartel in steel beams, in violation of Article 65 of the European Coal and Steel Community (ECSC) Treaty and Article 81 of the EC Treaty. Between 1988 and 1991, the companies fixed prices, allocated quotas and exchanged confidential information in the steel beams industry covering the whole of the Single Market. The re-adoption follows a judgement of 2 October 2003 by the Court of Justice, where the Court annulled the Court of First Instance’s judgement (T-137/94) and, on procedural grounds, the Commission decision, insofar as it concerned Arbed SA. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/1527&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
