India’s fair trade regulator, the Competition Commission of India (CCI), has found seven regional steel bodies in violation of anti-trust rules, as part of its wider investigations into price fixing, according to industry sources and media reports on Thursday, April 16.
The CCI has found that these steel industry representative associations were acting as conduits for various steel companies, which are being probed for anti-competitive practices, sources said.
Jalna Steel Association, Hyderabad Rolling Mills Association, GI Manufacturing Association, Raipur Angle Channel Mill Association, Steel Association, Chhattisgarh, Raipur TMT Association and Steel City Furnace Association, Mandi Gobindgarh, were found to have violated anti-trust rules.
The commission is probing India’s biggest steelmakers, including Tata Steel, JSW Steel, SAIL and Rashtriya Ispat Nigam, for collusion during 2018-2023.
