Indian Competition Commission investigation report finds major steelmakers colluded on prices and production
The Competition Commission investigation finds that four major Indian steelmakers coordinated prices and production levels between 2018 and 2023 in the sector.
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An investigation report from the Competition Commission of India in India 
INhas found that four major steelmakers—Tata Steel Limited , JSW Steel Limited , Steel Authority of India Limited , and Rashtriya Ispat Nigam Limited (RINL)—disclosed pricing plans to rivals and coordinated production cuts. The findings, which cover the period between 2018 and 2023, suggest the companies synchronized their activities to influence market rates by analyzing pricing changes, sales, and production patterns. These four producers collectively account for 44.4% of the steel market in India, according to estimates by BigMint.
INhas found that four major steelmakers—Tata Steel Limited , JSW Steel Limited , Steel Authority of India Limited , and Rashtriya Ispat Nigam Limited (RINL)—disclosed pricing plans to rivals and coordinated production cuts. The findings, which cover the period between 2018 and 2023, suggest the companies synchronized their activities to influence market rates by analyzing pricing changes, sales, and production patterns. These four producers collectively account for 44.4% of the steel market in India, according to estimates by BigMint.
