JSW Steel claims three of the largest American steelmakers conspired to stifle competition by refusing to sell raw metal to its US pipe and plate-making operations after the Trump administration imposed imports on cheaper foreign supplies. US Steel Corp, Nucor Corp. and Cleveland-Cliffs Inc control more than 80 per cent of domestic steelmaking capacity and conspired to cause direct harm to JSW, according to a lawsuit filed in Houston federal court. JSW said it hasn’t been able to get enough semi-finished steel slab from suppliers outside the US since the tariffs were imposed in 2018. When the American companies refused to supply metal, JSW said its costs rose.
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Biden s infrastructure plan endangered by big shortages of everything
In this April 6, 2021, file photo traffic moves over the George Washington Bridge as seen from Fort Lee, N.J. While President Joe Biden pitches his infrastructure plan to the American public, the real work of delivering his legislative agenda takes place behind the scenes. Biden s 15-person legislative team is charged with maneuvering and mapping out the process of actually getting his agenda passed on Capitol Hill. (AP Photo/Seth Wenig, File)
A trade judge has blocked domestic steel producers from backing the U.S. Department of Commerce in six suits challenging the agency's refusal to waive national security tariffs on certain imports, saying the companies lack a direct stake in the cases.