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UPDATE

On November 3, 2016, the Court preliminarily approved Settlements with Defendants Nucor Corporation (“Nucor”), Steel Dynamics, Inc. (“Steel Dynamics”), and SSAB Swedish Steel Corporation (“SSAB”). Notice regarding these Settlements was mailed on Monday, November 21, 2016. You may review the Notice here. If final approval of one or more of the Settlements is granted, you will receive a claim form detailing the information GCG has obtained from Defendants about your Purchases of Steel Products, updated to include any approved purchases that you submitted in connection with administration of the prior Settlements, and describing how your share of the Net Settlement Fund will be calculated. At that time, you will have an opportunity to confirm, dispute and/or submit documents in support of your claim if you wish to do so.


In re Steel Antitrust Litigation is a class action lawsuit alleging violations of the U.S. antitrust laws by several steel manufacturers 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”). The steel manufacturers were sued by several businesses (“Plaintiffs”) for the alleged violations of restricting output and therefore raising or “fixing” the prices for Steel Products sold for delivery in the United States between April 1, 2005 and December 31, 2007. The Plaintiffs are Standard Iron Works, Wilmington Steel Processing Co., Inc., Capow, Inc. d/b/a Eastern States Steel, Alco Industries, Inc., and Gulf Stream Builders Supply, Inc. The Court has appointed the firms Fine, Kaplan and Black, R.P.C. and Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. as Interim Co-Lead Class Counsel.

Please be advised that your rights may be affected by this class action lawsuit if, during the period between April 1, 2005 and December 31, 2007 you bought Steel Products directly from one or more of the Defendants for delivery in the United States.

Important Dates

Deadline for requesting exclusion
January 12, 2017
Deadline for objections
January 12, 2017
Fairness Hearing
February 16, 2017