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in such areas.
- Lower R&D investment since they consider their R&D investments to be their capital investments in steel mills. Hence, their capital suppliers are treated as their R&D labs, so to speak.
- Plants are “independently viableâ€, i.e., they must have 25% ROA within 5 years of start-up...
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Hence, their capital suppliers are treated as their R&D labs, so to speak.
- Plants are “independently viableâ€, i.e., they must have 25% ROA within 5 years of start-up.
- Steady investment led to improved parameters of plants.
- Learning curve – hence created more efficient plants over time
3...
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