In re Steel Antitrust Litig., 08-cv-5214 (N.D. Ill.).

An antitrust class action alleging market allocation and supply restriction of steel by the world’s major manufacturers of steel including ArcelorMittal S.A., ArcelorMittal USA, LLC, Nucor Corporation, United States Steel Corporation, Gerdau Ameristeel Corporation, AK Steel Holding Corporation, Steel Dynamics, Inc., SSAB Swedish Steel Corporation, and Commercial Metals Company (“Defendants”).

These steel manufacturers were sued by several businesses who purchased Steel Products and who alleged violations of antitrust law for unlawfully restricting production output and therefore fixing the prices for Steel Products sold for delivery in the United States between April 1, 2005 and December 31, 2007.

In 2015, the Court certified the class action for the purpose of determining whether Defendants engaged in a conspiracy.

Settlements exceeded $194 million.

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