Expertise counts! One of the biggest domestic steel producers, with big plans for brownfield expansion, seems likely to better value stressed steel assets, and so offer a better acquisition price as well. It would be all for the greater good. We do need quick turnaround of stressed assets, so that valuable resources are speedily redeployed. Steel is a capitalintensive cyclical industry, and India is now the world’s second largest steel producer. Hence the greater need for intra-industry M&As.