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Ad-Hoc News from 30 June 2010

30 June 2010 | 

EU fines on prestressing steel producers – voestalpine affected by EUR 22,000,000

voestalpine has today been informed that the EU Commission has imposed fines, following action taken against a number of European prestressing steel manufacturers, including voestalpine Austria Draht GmbH. The fine imposed on voestalpine is EUR 22,000,000.

The detailed content of the official notification of the fine has not yet been made available. At this stage, it is therefore not possible to make any comment on the reasons given for imposing the fine, nor on the actual amount. During all stages of the proceeding, voestalpine has made it abundantly plain to the EU Commission that the company has never been involved in the prestressing steel cartel. The company therefore will take legal action against the decision.

No further comment can be made at this stage.