Comments on: Business Nuggets: India Flourishes http://www.planetd.org/2007/01/31/business-nuggets-india-flourishes/ Critiquing the Politics, Policy & Practice of Development Tue, 07 Feb 2012 20:08:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: vatsan http://www.planetd.org/2007/01/31/business-nuggets-india-flourishes/comment-page-1/#comment-45260 vatsan Wed, 31 Jan 2007 14:08:23 +0000 http://www.planetd.org/2007/01/31/business-nuggets-india-flourishes/#comment-45260 i do think the price is a bit too high, it depends on global steel prices remaining stable, and demand increasing, which depends on chinese growth, which in turn depends on the american economy. the american economy is headed for the softest of soft landings, which is likely to lead to a slowdown in both chinese and us economies, and therefore slight correction in steel prices? therefore tata might have bit a lot more than it can chew. but then knowing tata, they might live through the downturn, because of their operational efficiency, a few bad years wont ruin them, and when the next cyclical upturn happens, they will be poised to take advantage as the lowest cost producer of steel with huge capacity. i do think the price is a bit too high, it depends on global steel prices remaining stable, and demand increasing, which depends on chinese growth, which in turn depends on the american economy.

the american economy is headed for the softest of soft landings, which is likely to lead to a slowdown in both chinese and us economies, and therefore slight correction in steel prices?

therefore tata might have bit a lot more than it can chew. but then knowing tata, they might live through the downturn, because of their operational efficiency, a few bad years wont ruin them, and when the next cyclical upturn happens, they will be poised to take advantage as the lowest cost producer of steel with huge capacity.

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