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The EU Commission Commission fines steel beam producers and distributors for price fixing, market sharing and exchange of information (Arbed / British Steel / Unimétal / Saarstahl)

Commission fines steel beam producers and distributorsfor restrictive practices* Acting on a proposal from Mr Van Miert, the Member of the Commission responsible for competition policy, the Commission has decided: to impose fines totalling slightly over ECU 100 million on 14 companies (a list is attached); to prohibit restrictive practices which have been engaged in by 17 Community and Scandinavian producers and distributors of steel beams. A number of Community and Scandinavian companies and trade associations were party to a series of agreements, decisions and concerted practices which had as their object or effect the fixing of prices, the sharing of markets and the large-scale exchange of confidential information on the Community market in steel beams. Some of these restrictive

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European Commission, The EU Commission Commission fines steel beam producers and distributors for price fixing, market sharing and exchange of information (Arbed / British Steel / Unimétal / Saarstahl), 16 February 1994, e-Competitions February 1994, Art. N° 104426

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