dear all,
Maybe you thought for a moment that I going was to tell you about a steel-producing company.
Well, here's the "Second twist in the tale" -- Our company isn't one of those either!
Rather, it's a company that manufactures a component required by furnaces used in making low-cost steel.
See, basically there are two types of furnaces used for producing Steel:
a) Blast furnaces
b) Electric Arc Furnaces (EAFs)
a) Blast furnaces
b) Electric Arc Furnaces (EAFs)
EAFs are more economical and easier to use of the two because they can be started and stopped anytime. And the raw materials required for operating them are also easily available and cheap.
the demand for steel grows steadily from sectors like infrastructure, autos and construction in India and the world over, its production is also going to increase.
According to the 2009-10 Annual Report by the Ministry of Steel, India has emerged as the fifth largest producer of steel in the world now, and is likely to become the largest producer by 2016.
As per above discussion Go with TATASteel for longtrm prospect this stock will be multibaggar stock in 3 to 4 years. Rohit Saxena
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