Cartel Digest

Concrete Reinforcing Bars

Concrete Reinforcing Bars
  Overall Cartel Period 1989-2000
  Participants Alfa Acciai SpA; Feralpi Holding SpA (formerly Feralpi Siderurgica SpA); Ferriere Nord S.p.A; IRO Industrie Riunite Odolesi SpA; Leali S.p.A and Acciaierie e Ferriere Leali Luigi SpA; Leali SpA; Lucchini SpA and S.P. SpA (formerly Siderpotenza SpA); Riva Fire SpA (formerly Riva Acciaio SpA); Valsabbia Investimenti SpA and Ferriera Valsabbia SpA
  Total Fines (DOJ) No fines imposed
  Total Fines (EC) €83.2 million

In 2000, the European Commission (“EC”) commenced surprise investigations on the premises of manufacturers of concrete reinforcing bars - a long steel product, usually with a ribbed surface-for strengthening columns and other concrete structures in buildings.  The eight manufacturers involved accounted for approximately 30% of the reinforcing bars produced in Italy in 1989 and more than 80% in 2000, the number of market players having fallen from forty to a dozen.  The investigation uncovered a ten-and-a-half-year long price-fixing conspiracy lasting from 1989 to 2000, during which time the cartel members fixed base prices and limited and monitored production and sales. 

 

Enforcement Highlights:

  • The EC imposed fines totaling €83.2 million on thirteen companies.
  • The Commission readopted its original 2002 decision in 2009, grounding its decision in the EC Treaty instead of the Treaty on the European Coal and Steel Community, which had expired at the time of its first decision.  
Europe
Company Fine Date
Alfa Acciai SpA € 7.2 million 09/30/2009
Feralpi Holding SpA (formerly Feralpi Siderurgica SpA) € 10.3 million 09/30/2009
Ferriere Nord S.p.A € 3.6 million 09/30/2009
IRO Industrie Riunite Odolesi SpA € 3.6 million 09/30/2009
Leali S.p.A and Acciaierie e Ferriere Leali Luigi SpA* € 6.1 million 09/30/2009
Leali SpA € 1.1 million 09/30/2009
Lucchini SpA and S.P. SpA (formerly Siderpotenza SpA) € 14.4 million 09/30/2009
Riva Fire SpA (formerly Riva Acciaio SpA) € 26.9 million 09/30/2009
Valsabbia Investimenti SpA and Ferriera Valsabbia SpA € 10.3 million 09/30/2009