Steel Buyers' $30M Deal Approved, Ending Antitrust Row

Law360, Chicago (February 16, 2017, 7:26 PM EST) -- An Illinois federal judge granted final approval Thursday to a $30 million group of settlements in an antitrust action brought by steel purchasers against several major steel producers, shutting the door on claims the producers colluded to manipulate the supply and price of their products.

U.S. District Judge Manish Shah signed off on a deal that will see Nucor Corp., Steel Dynamics Inc. and SSAB Swedish Steel Corp. pay a combined $30 million to settle claims brought by a class of direct purchasers accusing them and...
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