The European Commission (EC) has re-adopted a cartel ruling against five Italian rebar producers and imposed fines totalling ?,?16.07 million ($18.14 million), it said on Thursday July 4.
The decision related to the companies' participation in a price-fixing cartel between December 1989 and July 2000.The five steelmakers named by the EC were Alfa Acciai, Feralpi, Ferriere Nord (Pittini), Partecipazioni Industriali (Riva) and Ferriera Valsabbia.The aforementioned cartel had been subject to two previous EC decisions."Today's decision addresses this issue and re-imposes fines on the five manufacturers. The re-adoption of...