Revival of steel demand: China infrastructure spend supported by issuing provincial govt bonds
The National Accounts estimates for Q4 in FY20 (Jan-March) estimates the growth in value addition in construction sector at (-) 2.2%.
Global steel prices moving up, price push coming from China
A sustained level of iron ore imports by China has led to rise in price of iron ore from $98.4/t CFR China in June beginning to $108.25/t CFR on July 17.
‘Production growth must to meet rising steel exports’
The view is sure to generate a whole lot of discussions and past references of similar tragedies, but the crisis of this dimension in terms of loss of humans, everyone would agree, had not taken place in the last one century.
‘Economy showing resilience under current scenario’
The shifting pattern of economic growth in India with a near stagnant growth in industry is not conducive to the growth of the commodity sector.
Focus should now be on manufacturing
A special mention must be made of the transport and logistics sector that take the products to the consumers at the far end of the country.
Nature and spirit of international trade would depart from standard rule post COVID-19
India has firmly established itself as a net steel exporter in FY20 with total steel exports at 11.183 MT (31 % growth over last year) exceeding the total steel imports at 7.164 MT by 4.02 MT.
Growth of consuming segments must resurface to restore stability
Coming back to the state of steel industry in the first 11 months of the current fiscal, it can be surmised that growth and health of the industry was reasonable. During this period, the crude steel production at 101.1 MT ros
Fighting uncertainties in the industry hit hard by coronavirus
The IIP data of January 2020 may be taken as a fair representation of the state of things in the industrial arena of the country prior to being hit hard by the coronavirus outbreak.
Strong market demand to drive enhancement of steel intensity
It is also traditionally true that in India the domestic market coverage is the first and foremost driver of steel capacity creation as catering to the export market in majority of the cases comes second.
Steel Consumption: How GDP growth influenced sector
There is another view that the composition of GDP among the three critical sectors — agriculture, industry and service — would determine the growth path of the commodity segments.
Corona-hit Chinese steel export prices to be further cut
China has elaborate plans to get over the crisis and is taking all possible steps to bring back normalcy.
China’s economy problems pose critical challenge for India’s commodity sector
According to latest IMF economic outlook projection, the global economy is to grow by 3.4% in 2020, while Chinese GDP has been estimated to grow by 5.8%. With the outbreak of the recent crisis, Chinese economy may not achie
Implementing Budget proposal would generate good demand for steel sector
The National Highways Authority of India is set to commercialise the development of over 6,000 km of highways by 2024. Railways is to achieve electrification of 27,000 km of tracks, four station re-development projects, set u
Explained: What is behind rise in steel prices
It was apparent that unabated Chinese appetite for iron ore and coking coal on the back of 7% rise in crude steel production (China produced 904.2 MT of crude steel during January to November 2019) was the primary driver to t
Budget 2020 wish list: Relief in personal income tax much expected
Budget 2020 India: There is a need for reforms in contracts and guidelines, relevant for the critical sectors of the economy to make them vibrant, user-friendly, transparent and facilitating quick redressal.
Thrust on steel exports led to higher capacity utilisation: Sushim Banerjee
Along with prices of major raw materials, there is a marginal rise in demand for steel, primarily for restocking purposes. In October’19 there was a general feeling in the market that steel prices have reached the bottom.
State governments’ rising share to characterise investment scenario in infrastructure
The FDI and other foreign sources of funding can make up the balance of the investment required. It is therefore gratifying that the high-powered committee formed by the government to identify major projects for funding in ne
Economic slowdown: What will impact demand and exports, find out here
Continuing with the premise that liquidity issues have afflicted Indian economy and therefore the regular production trend of the commodity sector, a few more data by the Reserve Bank of India (RBI) have come to light.
Repo rate-market rate of interest link diluted impact of RBI policy
While the flow has been reported to be lower than requirement, the cost of credit has been on the rise.
Decline in industrial growth pulls down steel output
The issues responsible for the subdued performance of mining and electricity sectors are different.
Investment, expenditure likely to positively impact demand
The basic presumption of high-cost credit adversely affecting the flow of investment in the economy has not been eloquently proved by events in the past six months.
Steel export thrusts to be sustained on markup in global prices
In Q3 of FY19, Indian economy grew by 6.6% and by 5.8% in Q4. If these rates are superimposed on today’s growth numbers, may be in reversed fashion, GDP in FY20 may reach a growth level of around 5.7% in the minimum which,
China influencing global growth trend in industry, services
The domestic steel market of China has been growing by 4.1% in 2017, 7.9% in 2018 and is likely to grow by 6.8% in 2019.
Market fluctuations not allowing prices of finished products to rise
Maintenance activities in steel plants have gained prominence and this is a well established policy and seldom is given priority when the pressure on production to cater to a growing market is predominant.
Downward trend in prices of raw materials of steel to lower CAD
In the first seven months of the current fiscal, the finished steel consumption as per JPC data has gone up by 4.2% as compared to last year.
Trends in commodity prices and rules of trade
There is a distinct shift from coal to natural gas for electricity generation in advanced countries and India also must enhance the availability of natural gas for increasingly higher use by steel plants to reduce carbon emis
Slowdown has hit steel production; export-dependent nations more affected
This was truly evident in the latest World Economic Outlook report of IMF as it has coined the term ‘synchronised slowdown’ to describe the global economic movement in the recent period and make projections for next year.
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