EC Statement: Commission fines eight companies in graphite electrode cartel
( July 18, 2001, 11:28 GMT | Official Statement) -- Extract: The European Commission today fined Germany's SGL Carbon AG, UCAR International of the United States and six other companies a total of € 218.8 million for fixing the price and sharing the market for graphite electrodes, which are ceramic-moulded columns of graphite used primarily in the production of steel in electric furnaces. The Commission's decision comes after a thorough investigation, which established that the eight producers, which together account for the quasi totality of the production world-wide, operated a secret cartel during most of the 90s resulting in considerably higher prices than if the companies had competed against each other.Read full press release below:...
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