India is much more tightly integrated with rest of the world than before, so won’t at least a portion of the steel that Chinese mills keep churning out find its way to the rest of the world, esp India ? With China having world’s 50% capacity, the same steel mills who are complaining against export duty today will have no problem asking for a steep import duty.
It is important to take note when Godawari management says:
- Any revenue growth for the next 2-3 years will come from realizations
- Greenfield plant will be purely based on evolving market conditions and future cash flow of the company.
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