Indian steelmaker JSW Steel Ltd.'s U.S. unit is suing a group of top competitors for allegedly conspiring to deny selling components used by JSW to make competing products and interfering with its expansion plans.
Starting around 2018, executives from Nucor Corp., U.S. Steel Corp., AK Steel Holding Corp., and Cleveland-Cliffs Inc. agreed to cut off sales of semi-finished steel slabs to JSW, despite acknowledging they would gain from such sales, according to the complaint filed Tuesday.
JSW said the boycott forced a slowdown in its manufacturing operations, and hurt its ability to compete more effectively in the market for finished ...
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