Mughal Iron and Steel: Diversified product mix to provide relief – By Foundation Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Mughal Iron &amp; Steels Industries Ltd (MUGHAL PA) is placed well in a competitive market due to its diversified product portfolio and significant presence in retail market. Furthermore, the company is expected to achieve COD of its 396KT furnaces and rolling mill BMR project. Moreover, company&rsquo;s long-term value remains intact despite incorporating slow down in macros and enhanced competition due to (1) energy conservation, (2) optimal in-house melting, and (3) diversified product portfolio.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Diversified product mix to drive volumes amid increased competition: Company&rsquo;s diversified sales mix ranging from different grades of rebar, girders and s...