Court rules Nucor did not break antitrust laws

Jul 18, 2013 | 10:09 AM | Catherine Ngai

Tags  steel, Nucor, Gulf States Reorganization Group, GSRG, Gulf States Steel, Casey Equipment, antitrust, appeals court Catherine Ngai

NEW YORK — Nucor Corp. did not violate antitrust laws by bidding on assets of a bankrupt competitor 11 years ago, a U.S. appeals court has ruled.

Gulf States Reorganization Group Inc. (GSRG), a then-newly formed company that wanted to enter the hot-rolled market by purchasing assets of bankrupt Gulf States Steel Corp., could not prove that Nucor was acting to be a monopoly player, the U.S. Court of Appeals for the 11th Circuit said this week.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results