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Indian Steel Industry Broad Overview |
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Monday, 23 April 2007 |
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Indian steel industry, has flared well with the recent steel prices in tandem with the global price trends the domestic players have fared very good in terms of the bottom line growth, throwing up ideal investment opportunities for NRI's
Giving the sector total healthy outlook the current state of affairs seems to continue on higher realizations and increase in top line volumes being the main driver of growth the price trends continue to harden at domestic as well as overseas market.
In this situation, the integrated established players would benefit the most. I recommend accumulating Tata Steel and Jindal Stainless on every decline.
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1) Tata Steel
2) Jindal Steel
3) SAIL
4) Essar Steel
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