NEW DELHI (Jan 6): India's competition watchdog has found market leaders Tata Steel, JSW Steel, state-run SAIL and 25 other firms breached antitrust law by colluding on steel selling prices, a confidential document shows, putting the companies and their executives at risk of hefty fines. JSW declined to comment, while Tata Steel, SAIL and the executives did not respond to Reuters queries. Reuters reported in 2022 the watchdog raided some small steel companies as part of an investigation into the industry. JSW Steel has 17.5% of the Indian market, Tata Steel 13.3% and SAIL 10%, according to data from commodities consultancy BigMint. The CCI has asked the steel companies to submit their audited financial statements for the eight financial years to 2023, the October order showed.

Source: The Edge Markets January 06, 2026 09:08 UTC