Hi. The Management is still evaluating Steel and allied products which includes TMT, Alloy steel. It is still not finalised, hence not declared on the exchange. I believe it takes lot of time and S&D expenditure for Brand building. Further, smaller players in Steel face tough times when steel price becomes highly volatile. Company needs to develop a niche if going into Forward integration just like it has in Mining. Investors should keep a watch on future developments and then take a call accordingly.
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