The EU General Court reduces the fines imposed by the Commission on three members of a European pre-stressing steel market cartel (Pre-stressing steel cartel)

On 15 July 2015, the General Court (“GC”) largely upheld the EU Commission’s decision in the pre-stressing steel cartel case in ten judgments on 12 separate appeals brought against the decision. However, the GC reduced the fine imposed on several applicants on the grounds that (i) the Commission had erred in finding that they had committed a single and continuous infringement in relation to all aspects of the infringement, (ii) the Commission had breached the principle of equal treatment and (iii) the Commission had made errors in the calculation of the fine. The judgments arise from the Commission’s June 2010 decision fining 17 producers of pre-stressing steel over € 518 million for their involvement between 1984 and 2002 in a complex single and continuous infringement involving

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The EU General Court reduces the fines imposed by the Commission on three members of a European pre-stressing steel market cartel (Pre-stressing steel cartel), 15 July 2015, e-Competitions Bulletin July 2015, Art. N° 75154

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