JSW Steel accuses top US steel companies of stifling competition

11 Jun 2021 CW Team

JSW Steel is suing three of the biggest American steelmakers for stifling competition and conspiracy by denying to sell raw metal to its US pipe and plate-making operations after the Trump administration imposed imports on cheaper foreign supplies.

According to the lawsuit filed in Houston federal court, US Steel Corp, Nucor Corp, and Cleveland-Cliffs Inc controlled more than 80% of domestic steelmaking potential and planned to cause direct harm to JSW.

JSW said they have not been able to get enough semi-finished steel slabs from suppliers outside the US since the imposed tariffs in 2018.

The costs increased when the US companies denied supplying metal. The refusal led to higher steel prices for US buyers when domestic prices of the metal were near a record as well.

John Hritz, a Board member of JSW, said they were working hard at getting exclusions when tariffs were imposed, and the US companies said not to worry about an exclusion to bring in slabs. We can supply whatever you require.

And they went along with them, tried to work with them at their best, but never got the supply of slabs.

Image Source

Also read: JSW Group clubs large project divisions of steel and cement biz

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..