 "Steel Industry, JSW steel, Tata, steel, SAIL, Steel Authority of India ,ArcelorMittal, Nippon Steel, VTB Capital,Essar Steel,Numetal,Vedanta steel, Vedanta, Electrosteel Steels,Bhushan Power & Steel, METAL INDUSTRY")
The domination of three players in the domestic steel sweepstakes — JSW Steel, Tata Steel and Steel Authority of India — is all set to be challenged with a fourth player entering the game.
The new kid on the block could either be ArcelorMittal and Nippon Steel combine or Russian major VTB Capital-led consortium, whose bids, according to the National Company Law Tribunal, will now be referred for consideration by the committee of creditors.
India has largely eluded ArcelorMittal, one of the world’s largest steel players. Though, the firm had a stake in Uttam Galva Steels that they have sold.
