Overview
Certain steel producers were accused of conspiring to restrict their output and therefore raise or fix the prices for Steel Products sold for delivery in the United States between April 1, 2005 and December 31, 2007. The Defendants allegedly violated U.S. antitrust laws by conspiring to slow their furnace production and restrict their output of raw steel, causing artificially higher prices for Steel Products.
Steel Products are defined as products derived from raw carbon steel, including all carbon steel slabs, plates, sheet and coil products, galvanized and other coated sheet products; billets, blooms, rebar, merchant bar, beams and other structural shapes; and all other steel products derived from raw carbon steel, except for certain products that have been excluded.
Steel Products specifically exclude the following product categories: stainless steel;
grain-oriented electrical steel; tin mill products; clad plate (i.e., nickel, stainless or copper clad plate); steel pipe and other tubular products; "special bar quality" products; wire rod and other wire products; grinding balls; fabricated rebar products; fabricated steel joist, decking, fence posts and other fabricated building products; welded steel blanks; and steel products purchased under toll processing agreements.
Class
All persons who purchased Steel Products directly from any of the Defendants, their subsidiaries or controlled affiliates at any time between April 1, 2005 and December 31, 2007 for delivery in the United States.
Defendants
- ArcelorMittal S.A. and ArcelorMittal USA, LLC (together “ArcelorMittal”)
- Nucor Corporation (“Nucor”)
- United States Steel Corporation ("U.S. Steel”)
- Gerdau Ameristeel Corporation (“Gerdau”)
- AK Steel Holding Corporation (“AK Steel”)
- Steel Dynamics, Inc. (“Steel Dynamics”)
- SSAB Swedish Steel Corporation (“SSAB”)
- Commercial Metals Company (“CMC”)
Partial Settlements |
$163,900,000 |
|---|---|
| ArcelorMittal | $90,000,000 |
| United States Steel | $58,000,000 |
| CMC, AK Steel, and Gerdau | $58,000,000 |
Filing Deadline: Contact SRG
To learn more about this settlement and how SRG can help you in the recovery process, please contact us:
Settlement Recovery Group, LLC (“SRG”) is not the official claims administrator, class counsel or any party in the case. SRG is a third party claims filing service that can be hired to file and track claims. We specialize in helping companies and small businesses file claims to obtain their fair share of settlement money from class action lawsuits once a settlement has been reached. Our services are voluntary and are not required to file a claim; claimants may file a no-cost claim on their own. This summary is for informational purposes only and is based on SRG’s review of publicly available case documents. Official information can be found on the case website and on the court docket. This summary is not and should not be construed as legal, tax, or other professional advice.
Settlement Recovery Group LLC
222 N Pacific Coast Highway, 3rd Floor
El Segundo, CA 90245
Tel: 888-605-7617
Fax: 866-519-2861