CCI Probe: Tata Steel, JSW, SAIL Colluded on Steel Prices; Top Execs Liable, Reuters Reports

• India's Competition Commission (CCI) found Tata Steel, JSW Steel, SAIL, and 25 other firms breached antitrust law by colluding on steel selling prices, a Reuters report revealed.
• The CCI order, dated October 6, held 56 senior executives liable for price collusion between 2015-2023, including JSW Steel MD Sajjan Jindal and Tata Steel CEO T.V. Narendran.
• The investigation began in 2021 after a builders' association in Tamil Nadu alleged steel companies were restricting supply and increasing prices.
• Internal CCI documents from July 2025 reportedly uncovered WhatsApp messages among regional industry groups suggesting price fixing and production curbs.
• Companies and executives will have a chance to object before a final order, with potential penalties up to three times profit or 10% of turnover.

Why It Matters: Major Indian steel firms face antitrust action for price collusion, with top executives also liable.