Sushim Banerjee

Uncertainty to determine fate of steel industry for 2019

During the first 8 months of the current year, the total imports of finished steel by India have gone down by only 2.3% compared to the previous year, while exports have fallen by around 35%.

Industry News

Consumption of steel in the light of back series of GDP

This new series supersedes the earlier back series on National Accounts, brought out by Sudipta Mundle Committee.

Markets News

How SME units play crucial role in steel sector’s growth

The enhanced steel supply was facilitated by fresh capacity augmentation (mostly brownfield), higher capacity utilisation and increased output of value-added steel as demanded by the critical sectors.

Industry News

Explained: Why industrial products exports need more push from government, industry

In The first half of the current financial year, the industrial production in the country has grown 5.1%. This rate could have been higher but for the poor growth in Mining (0.2% in September) and Intermediate Goods (1.4% in

steel industry, indian steel industry, steel industry FY19 News

Crude steel production up 5.2% at 61.1 MT this fiscal

The current trends in the global economy are highly influenced by the conflicting events in the political scenario of major economies.

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Buyers of commodities demand good quality products: Sushim Banerjee

In order to frame standards and codes in various commodities and thereby specify the chemical and mechanical properties of the item when used individually or in combination with other commodities, the Bureau of Indian Standar

Commodities News

Domestic market steel absorption capabilities brighter than earlier

HRC price in the domestic market of USA which was ruling at $ 716/t in March’17 (the month of duty imposition) is now available at $ 918/t, a rise of 28%.

Commodities News

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 cont

Commodities News

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.

Commodities News

Unique strategies needed to do away with imports of defective steel

Data for half yearly growth of production and consumption of steel is encouraging.

Commodities News

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

Markets News

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 p

Commodities News

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).

Commodities News

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

National Steel Policy 2017, crude steel capacity, crude steel, CAGR, RCEP,  SME sectors News

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.

India News

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%.

Industry News

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

steel, steel growth, GDP, GVA, economic growth News

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.

Industry News

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.

Industry News

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.

Industry News

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.

Industry News

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.

Industry News

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.

Commodities News

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.

steel industry, steel sector News

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.

Economy News

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.

steel, steel sector, steel manufacturing, steel consumption in india News

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.

steel, steel producer, steel producer india, india steel production, india 3rd largest steel producer News
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