Sushim Banerjee

Current growth cycle in steel sector to last for 24 months: Sushim Banerjee

We recall that the market scenario in Q1 of FY18 was dull. Prices were down; capacity utilisation was poor, expansion plans were put on hold and PMI exhibited bleak forecasts of new order booking and were on the brink of contractionary mode.
IIP and industrial growth to support steel consumption in India: Sushim Banerjee

Growth of Industrial Production in August’18 at 4.3% with manufacturing at 4.6% is somewhat lower than what was expected with the publication of July results. But there is lot to cheer about for the industry.
Unique strategies needed to do away with imports of defective steel

Data for half yearly growth of production and consumption of steel is encouraging.
Forging alliance for Indian capital goods manufacturers

The major components of capital goods are: heavy electrical equipments, process plant equipments, engineering goods, earth moving equipments, metallurgical machinery, machine tools, textile, plastic machinery, tools dies and moulds.
Steel import share to come down with capacity augmentation

Commodity demand outlook in the first 2 quarters of the current fiscal raises hope that it would be sustained in the coming months. A positive scenario on steel demand is primarily reflected in the market realisation of the products which is buoyant.
Global excess capacity behind drop in Indian steel exports

Industrial production figures for the month of July just available from CSO indicates a growth of 6.6% contributed by a 7% growth each in Manufacturing (wt: 77.6) and Electricity generation (wt: 7.99).
Pessimism around National Steel Policy 2017 swells

The feasibility of achieving the target of 300MT of crude steel capacity in the country has been a subject of intense deliberations in almost all the seminars and workshops held following the release of National Steel Policy 2017.
Rebuilding in Kerala can be significantly reduced by adopting steel intensive buildings and small span bridges

Most of the buildings hit by floods are damaged beyond repair and therefore need to be rebuilt completely. Since the steel framing itself is durable enough to withstand the fury of flood.
China cuts steel exports to India, may target domestic market for growth

It is interesting to note that imports from Korea and Japan in the current year is 24% more compared to last year while imports from China is down by 22%.
Stable economic growth — a great facilitator for steel growth

Indian steel industry is currently operating at 77% capacity utilisation with primary and major producers exhibiting capacity utilisation of around 100%, the capacity utilisation of other sector predominated by SME producers is at a much lower level.
Steel sector feels assured of steady growth in demand

Last week, we had envisaged a strong IIP growth in June’18 based on a robust growth achieved by the eight core sectors which have a combined weight of 40.2% in IIP released earlier in the month.
First quarter corporate results bring back issue of market dynamics

The Corporate results for the first quarter of the current fiscal have resurfaced the issue of market dynamics which is fast changing in our country.
Steel needs to be kept outside purview of FTAs, RCEPs

A common topic being discussed and deliberated in most of the seminars or workshops relates to the feasibility of the major goal set up in NSP 2017 for crude steel capacity to reach 300 MT by 2030-31.
Effective strategies must for product promotion

If the marketing wing decides in favour of a specific product profile, it becomes incumbent on the production department to take appropriate steps so that it maximises the rolling of the selected product.
Subdued manufacturing not affecting demand for steel

A sudden drop in IIP and manufacturing index in May 2018 causes a bit of surprise for the industrial segments.
Relation between PMI movement and industrial growth

Normally a great deal of value is attached to any index framed to measure the activity level of a specific phenomenon.
Non-availability of testing units in clusters is an issue

The inward-looking economic policy contributed significantly to nurture complacency in the existing methods and processes and innovation was not a popular concept.
Domestic safeguard measures right step taken in right spirit

Underlying message of retaliatory tariff against the US carries a spirit of robust and independent urge to support the domestic industry against an unjustified onslaught through global trade.
Growth in manufacturing sector to sustain demand for steel

The trend of manufacturing sector and for that matter the behaviour of industrial production in India since December 2017 has been a matter of satisfaction for all other industrial segments, including steel.
International steel trade hit hard by Trumponomics

Global trade in steel appears to be facing a Trumpophobia in the current year and if some of the forecasts by the trade experts are to come true, it may even last for the next few years as well.
A challenging FY19 awaits domestic steel industry

The GVA in manufacturing and construction rose by 9.1% and 11.5%, respectively in the last 3 months of FY18.
Measurable index to capture result of product promotion needed; here’s why

A product needs promotion to extend its use in the existing application areas and also to explore new areas of consumption.
Steel industry poised for stable growth in 2018

As excess steel capacity was found to be the single phenomenon damaging the interests of the global steel producers during 2014-2017 in terms of lowering the prices and thereby the profitability of the industry, China having accounted for nearly 50% of the estimated surplus steel capacity had to assure the outside world that its commitment to bring down the carbon footprint would entail elimination of some of the polluting units in steel, coal and cement.
Manufacturing to shape India’s industrial development

Industrial production data for March’18 is a little disappointing. But keeping in view the fact that not full production data of various items are compiled within the scheduled time, the revised data for March’18 that would be made available after 2-3 months would make up the shortfall in the rising trend.
Global steel industry poised for stable growth in 2018

Last week, we reviewed the commodity prices as they are likely to behave in FY19. The available indications suggest a gradual downward trend in global prices of iron ore, coking coal and scrap from the current level.
Commodity price outlook looks favourable for domestic producers

It is customary to predict the short term outlook for the market in the first month of the new financial year. The primary basis of the prediction relates to the behaviour of the economy as it is projected to grow in the coming year.
US-China trade actions to have significant impact on India

Nearly a month and a half has passed since the announcement of US tariff of 25% on steel and 10% on aluminium.

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