Judge triples MM Steel jury award

Apr 30, 2014 | 06:18 PM | Michael Cowden

Tags  MM Steel, antitrust, treble damages, Reliance Steel & Aluminum, Chapel Steel, American Alloy Steel, Arthur J. Moore, JSW Steel (USA) Nucor

PITTSBURGH — A federal judge has awarded MM Steel LP triple damages, or $156 million, in an antitrust lawsuit against a number of service centers and steel mills.

The $156-million award was filed April 29 in U.S. District Court in Texas and signed by Judge Kenneth M. Hoyt.

MM Steel was awarded $52 million by a federal jury in March (amm.com, March 26), and federal antitrust law allows that amount to be tripled.....

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