We remain positive on Tata Steel on the back of increasing focus on higher margin domestic operations. Tata Steel's standalone operations benefit from its integrated operations thereby clocking higher EBITDA/tonne vis-vis its domestic peers. After the recent correction, since the start of February 2019 both domestic as well as global steel prices have moved upward, auguring well for Tata Steel. Furthermore, with respect to the potential European JV so as to allay EU concerns, both ThyssenKrupp AG and Tata Steel have submitted concessions to European Union regulators in an effort to win antitrust approval for their steel joint venture. Both Tata Steel and...