Steel & India

Steel: Steel, along with its subsidiaries, is a key applicant in the anti-dumping probe, alleging injury from cheap imports and seeking protective duties.

India: India has initiated an anti-dumping investigation to protect its domestic steel industry from cheap imports, potentially leading to tariffs that would benefit its local producers.

Steel: Steel will partner with Nubank to build a joint venture integrated steel plant in Odisha, India, enhancing its production capacity and market position.

India: India is a key destination for Lee Jae Myung's visit, with summit talks focusing on expanding economic cooperation in various sectors and addressing energy supply chain uncertainties.

Steel: Steel has commenced the development of its Rayalaseema Steel Project, a significant investment that will expand its steelmaking capacity and advance its low-carbon production goals, positively impacting its market position and future growth.

India: The project contributes to India's overall manufacturing and infrastructure expansion, meeting the growing domestic demand for steel and supporting the country's economic growth.

Steel: Steel is a market leader accused by the India — Election Commission of India of colluding on steel prices from 2015 to 2023. Its Managing Director, Sajjan Jindal, has been held liable, and the company faces substantial fines, though it has denied the allegations.