OREANDA-NEWS. On February 10, 2009 At the session of the Moscow Arbitration Court, the group of persons of "Evraz Holding" withdrew its claim on invalidating the decision and determination of the Federal Antimonopoly Service (FAS Russia), reported the press-centre of FAS Russia.

Having processed the case against the group of persons of "Evraz Holding", and on the basis of inspections and price monitoring, FAS Russia found that the group violated Part 1 Clause 1 Article 10 of the Federal Law "On Protection of Competition" - abusing dominant position on the market of coking coal. In particular, the group of persons violated the antimonopoly legislation by maintaining monopolistically high prices for concentrates of coking coal (grades GZh+Zh) on domestic market.

Under Article 14.31 of the Code of the Russian Federation on Administrative Violations, FAS Russia imposed administrative charges upon the group of persons of "Evraz Holding" and fined the group 149 142 457 Rubles.

On 14th November 2008 the group of persons of "Evraz Holding" informed FAS Russia on paying the fine to the federal budget.

By withdrawing the claim on invalidating the decision and determination of the antimonopoly authority, the group of persons of "Evraz Holding" acknowledged legitimacy of the decisions made by FAS Russia.

Coking coals are essential raw materials for coke industry, mainly used for blast-furnace processing of cast iron.

Terminating monopolistic actions of the group of persons of "Evraz Holding" (fixing and maintaining monopolistically high prices for concentrate of coking coals) by FAS Russia stabilized the prices on the iron-and-steel market.