JSW Steel, Tata Steel see no threat to business with ArcelorMittal's entry

Both companies see ample scope for new players in the market, where steel demand is likely to grow by a good 7-8% a year as against the global pace of demand growth of around 5%

Large domestic steel players see no threat to business even if Luxembourg-based ArcelorMittal enters the India market.

Both Sajjan Jindal's JSW Steel and Tata Steel, the country’s oldest alloy producer, see ample scope for new entities in the market, where demand is likely to grow by 7-8 per cent annually, against the global pace of 5 per cent. "The quality of steel we produce and the technology, along with cost efficiencies and product mix, are quite competent. I don’t think we have to be concerned about what others will do. In fact, we are already competing with the same players in