The Italian Council of State confirms the annulment of a €140 million fine imposed by the Competition Authority to steel companies, as they did not form a cartel in the reinforcing steel bar and electro-welded mesh markets (Reinforcing Steel Bars / Tondini per Cemento Armato)

On 21 January 2020, the Italian Council of State confirmed the annulment of a 140 million EUR fine imposed in 2017 by the Italian Competition Authority (“ICA”) to some of the main Italian steel companies. Indeed, the ICA – by Decision of 19 July 2017 (the “Decision”) issued in the proceedings I742 Reinforcing Steel Bars (the “Proceedings”) – ascertained the existence of an alleged collusion among Alfa Acciai S.p.A., Feralpi Siderurgica S.p.A., Ferriera Valsabbia S.p.A., Industrie Riunite Odolesi I.R.O. S.p.A., O.R.I. Martin - Acciaieria e Ferriera di Brescia S.p.A., Stefana S.p.A., Riva Acciaio S.p.A., Ferriere Nord S.p.A. and its parent company Fin.Fer. S.p.A. (the “Steel Companies” or the “Parties”), in breach of Article 101 TFEU. The collusion would have consisted of a coordination of the

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Caterina Migani, The Italian Council of State confirms the annulment of a €140 million fine imposed by the Competition Authority to steel companies, as they did not form a cartel in the reinforcing steel bar and electro-welded mesh markets (Reinforcing Steel Bars / Tondini per Cemento Armato), 21 January 2020, e-Competitions January 2020, Art. N° 91384

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