@Mohit_baid but I don’t think Megatherm is going be a strong beneficiary of steel capex, most players are going to build capacities using BOF route rather than EAFs because there isn’t much steel scrap available. Also as I said, the market for induction furnace itself is very small so room for growth is very little.
Disclosure - I’m invested already but was looking to significantly increase position size and researching before doing that.
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