Fine: The French Competition Council sanctions a cartel in the steel industry with a fine of 575 million euros and rules its first clemency decision without immunity

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. For having implemented, between 1999 and 2004, a cartel on prices as well as the distribution of markets and customers, the trading market of steel products in France, which brings wholesalers together with the who make massive purchases from producers, to resell then in smaller quantities to a very heterogeneous clientele and very numerous (several thousands) that do not buy enough volume in order to be delivered directly by producers (including the steel construction, locksmithing and boilermaking), the Council of the competition law today, 16 December 2008, in the form of the decision No. 08-D-32, fines totalling just over of euros to eleven companies