The EU General Court reduces the fines on steel tube producers and clarifies the Commission’s powers in the context of the geographical scope of infringement (JFE / Nippon / Sumitomo)

THE COURT OF FIRST INSTANCE REDUCES THE FINES IMPOSED BY THE EUROPEAN COMMISSION ON STEEL TUBE PRODUCERS BY 13 MILLION EUROS The Commission was unable to produce evidence covering the entire duration of the infringement By a decision of 8 December 1999, [1] the European Commission ordered eight undertakings (four European and four Japanese companies) producing certain types of seamless carbonsteel pipes and tubes used in the oil industry, to pay fines totalling EUR 99 million for infringing Community competition law. The Commission considered that the companies had entered into an agreement under which each of them undertook not to sell standard-thread pipes and tubes (known as OCTG – Oil Country Tubular Goods) or “Project Linepipe” tubes on the domestic market of any other company

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General Court of the European Union, The EU General Court reduces the fines on steel tube producers and clarifies the Commission’s powers in the context of the geographical scope of infringement (JFE / Nippon / Sumitomo), 8 July 2004, e-Competitions July 2004, Art. N° 93911

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