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.....

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