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.
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.
- 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”)
|United States Steel ||$58,000,000|
|CMC, AK Steel, and Gerdau||$58,000,000|
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