Indian steel makers fall after Reuters report on antitrust breach

Steel Authority of India

06/01/2026 09:06

** Shares of Indian steel makers fall after Reuters exclusively reports that India probe finds companies breached antitrust law, colluded on steel selling prices

** Tata Steel TISC.NS down 0.47%, JSW Steel JSTL.NS falls 1.16%, Steel Authority of India SAIL.NS down 3%

** JSW and SAIL have denied the allegations before the CCI, according to two people familiar with the matter

** JSW declined to comment to a Reuters request for comment; SAIL, Tata Steel, and CCI did not respond

** Tata Steel and JSW rated "Buy" on avg by analysts covering it; SAIL rated "Hold"- data compiled by LSEG

** In 2025, TISC gained 30%. JSTL rose 29%, and SAIL was up ~30%

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))