There’s only 1 aspect that has pushed me to buy steel and related stock. the PM has said we have go from 110MT to 300MT before the end of the decade to match our growth and widen the speciality grade of steels that we produce instead of importing them.
Currently, there is no capacity addition that is even close to 30MT new addition in FY24.
So will there be a problem for demand? No.
Will there be a problem of margins for firms? Yes, if they are at the first stage of the iron value addition.
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