What is the entry barrier for Tata Steel & JSW to enter into this high ROCE business…
JSW has entered even into paint segment also…
JSW & Tata steel will never been in a hurry infact they would strategically allow Appolo to develop the market for structured product and once the pitch is ready they can come and bat for a long innings. This will be a forward integration for them and definetely they can command a better margin than Apollo. As per my understanding Apollo is only playing volume game and the margins are wafer thin.
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