Club Europe
The Club Europa (originally Zurich Club ) is the self-chosen name of a European steel cartel , which in June 2010 by the EU Commission was sentenced to a total of 518 million euro fine.
The cartel, which consists of 17 steel companies , divided the European market (except for Great Britain, Ireland and Greece) for prestressing steel for eighteen years from 1984 to 2002 with illegal price fixing at over 550 meetings . In 2002 there was a key witness statement from Saarstahl .
Members and Penalties
The following companies were involved in the cartel:
| Companies | fine |
|---|---|
| ArcelorMittal | 276,480,000 euros |
| WDI / Pampus | 56,050,000 euros |
| GlobalSteelWire / Tycsa | 54,389,000 euros |
| Emesa / Galycas / ArcelorMittal | 40,800,000 euros |
| voestalpine Austria wire | 22,000,000 euros |
| Ori Martin / Siderurgica Latina Martin | 19,800,000 euros |
| Companhia Previdente / Socitrel | 12,590,000 euros |
| Fapricela | 8,874,000 euros |
| Nedri / HIT Group | 6,934,000 euros |
| Redaelli | 6,341,000 euros |
| Rautaruukki / Ovako | 4,700,000 euros |
| Emme Holding | 3,249,000 euros |
| CB Trafilati Acciai | 2,552,500 euros |
| Italcables / Antonini | 2,386,000 euros |
| ITAS | 843,000 euros |
| Proderac | 482,250 euros |
| DWK / Saarstahl | 0 euros (key witness) |
Individual evidence
- ↑ FAZ: EU imposes million fine on steel cartel
- ↑ Industry magazine : Stahlkartell: 518 million euros fine, 22 million euros for voestalpine ( Memento of the original from July 5, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
