Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

JSW Steel has filed a lawsuit in Houston federal court claiming steelmakers US Steel, Nucor, and Cleveland-Cliffs conspired to cause direct harm to JSW, according to a Bloomberg report. These three steelmakers account for 80pc of US domestic steel production capacity.


The India-based company stated that the three companies refused to sell raw material, mainly semi-finished steel slabs for JSW’s pipe and plate-making operations in the US after the Trump administration levied tariffs on the imports of low-priced foreign supplies. The Indian company was also unable to secure enough semi-finished slabs from outside the country. JSW has also alleged that the refusal led to higher prices for US steel buyers.

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