Italian rebar, welded mesh producers see $165 mln fines for alleged price-fixing canceled

Several Italian rebar and electro-welded mesh producers have had fines totaling over €140 million ($164.70 million) canceled after their appeal was upheld by the Italian regional administrative court for Lazio on Tuesday June 12.

Italy’s national competition authority AGCM had initially imposed the fines on August 1, 2017, for alleged price-fixing activity on the national rebar and electro-welded mesh markets between 2010 and 2016. The companies include Pittini-owned Ferriere Nord, Alfa Acciai, Feralpi, Riva Acciaio, Ferriera Valsabbia, and Ori Martin. The AGCM, which began its initial investigation in October 2015, looked at fortnightly meetings at the...

Published

Viral Shah

June 14, 2018

11:25 GMT

London