Bhushan Steel, Essar Steel low-hanging fruit for buyers

Ready-made capacity at a significantly low price point is what the National Company Law Tribunal (NCLT)-listed Bhushan Steel and Essar Steel will instantly deliver to a new buyer. Where lenders have lost faith in the promoters of the two debt-laden entities, lucrative opportunities await domestic as well as overseas steel players wanting to expand in the alloy sector, said analysts tracking the two companies.

Essar Steel and Bhushan Steel are in the high-margin flat products business. Since there is demand for flats in the domestic as well as export market, brokerages are of the view that the sales volumes of the