The main reason for the move is the volatility in prices and inconsistent supplies for value-added grades.
With a 4-5 per cent rise in steel prices on January 1, cars and consumer durables are set to get dearer.
In corporate India where family disputes have become far too common, the Miglanis work as a team.
The country imported 9.31 million tonnes (mt) of steel in FY15.
But he is actively pursuing greenfield steel plants in Karnataka and Jharkhand; ultimately, only one of these might come up.
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