JSW Steel sues top US competitors for metal ‘conspiracy’

2021-06-09 12:24:28

India-based claims three of the largest American steelmakers conspired to stifle competition by refusing to sell raw metal to its U.S. pipe and plate-making operations after the Trump administration imposed imports on cheaper foreign supplies.

U.S. Steel Corp., Nucor Corp. and Cleveland-Cliffs Inc. control more than 80% of domestic steelmaking capacity and conspired to cause direct harm to JSW, according to a lawsuit filed Tuesday in Houston federal court.

JSW said it hasn’t been able to get enough

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JSW Steel sues top US competitors for metal ‘conspiracy’

2021-06-09 12:24:28

India-based claims three of the largest American steelmakers conspired to stifle competition by refusing to sell raw metal to its U.S. pipe and plate-making operations after the Trump administration imposed imports on cheaper foreign supplies.

U.S. Steel Corp., Nucor Corp. and Cleveland-Cliffs Inc. control more than 80% of domestic steelmaking capacity and conspired to cause direct harm to JSW, according to a lawsuit filed Tuesday in Houston federal court.

JSW said it hasn’t been able to get enough

Continue Reading