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.jpg "European Commission to fine 17 steel producers")
The European Commission on Wednesday imposed fines totaling 518 million euros ($636 million) to 17 steel producers it found guilty of striking tacit agreements to limit competition in Europe for steel rods used in construction, foreign media reported.
The agreement lasted 18 years and covered all European Union countries except three. The company that received the biggest fine was Arcelor Mittal .
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