JSW Steel Ltd. is demanding three of the largest American steel manufacturers against the Indian steel giant by refusing to sell from raw metal to its US pipeline and plaque operations after the Donald Trump administration had imposed Tariffs on imports of cheaper strange supplies. , in turn, the suffocating competition, Bloomberg reported.
JSW Steel has submitted a lawsuit against the United States Steel Corp., Nucor Corp. and Cleveland-Cliffs Inc. in the District Court of the United States, Southern District of Texas (Houston). Reportedly, the three companies control more than 80 percent of the domestic steel capacity. The three companies conspired to cause direct damage to JSW Steel, according to a lawsuit presented in Houston.
According to the report, after the imposition of tariffs, JSW Steel could not obtain the raw material from external suppliers and US suppliers also refused to supply metal that led to an increase in their cost, JSW said.
“When the rates were imposed, we were working hard to get exclusions and these companies had said: ‘Do not worry about that, you do not need an exclusion to bring the slabs, we can supply everything you need,” JSW Board The John Hritz Member I had said in an interview. “We went down that road with them, and we tried everything possible to work with them, but never once they supplied us”.
While JSW steel supported Trump’s rates, he later sued the administration by saying that the United States Department of Commerce unjustly denied exemptions for steel slab raw materials, forcing the steel processor to pay tens millions of dollars in tariffs. On the other hand, Nucor opposed JSW’s exclusion requests saying that slab production to US companies was “exactly the expected result,” the publication added.