Profiteering or Profitability? What domestic steel industry wants from price hike
A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages.
Sustained demand can rationalise steel prices
Considering WPI prices as whole sale prices and the above data belonging to retail market prices, the differential in range of prices in the two indices are appreciated.
Steel price rise not an enigma; appetite to be sustained
In November’20 the country consumed 8.62 MT of steel which exceeds Nov’19 level by 11%.
Investment in construction, infra key to sustain demand growth
The Industrial production that entered in the positive range in the last month ( 0.5% rise in September’20) continued to clock 3.6% growth in October.
Role of construction sector for a growing economy
It must be recognised that the initial shock, disbelief and despair of the Covid 19 pandemic engulfing almost all the segments in the country have gradually paved way for a perception that although there is no overnight solu
How manufacturing sector drives economic growth
The share of manufacturing in GDP is therefore a basic indicator of the significance of the sector in a country’s economy.
Quality public investment a challenge
The values of vocational training are to be inculcated on an immediate basis in the pedagogy to enhance the worth of these candidates in the emerging segments of the economy.
Challenges and growth paradigm for India
This is the first time that RBI has come out with economic scenario analysis for the country (Monetary Policy Committee Report, October’20).
Minimise de-growth in 2020, ensure fast recovery
The PMI for manufacturing went up to 56.8 in September’20 from 52.0 in August’20. The underlying factors contributing to PMI growth rest on increased new orders and production, rise in export order, enhanced cost of produ
Atmanirbhar way of steel availability
If the current capacity is way below the requirement, there is an urgent case for capacity augmentation which requires fresh investment, either by the existing or new producers or by inviting FDI into the sector.
‘Shifting manufacturing base opportunity for India’
Technology transfer by setting up manufacturing facilities in India is the surest way of enhancing the indigenous manufacturing capability to become Atmanirbhar
Shifting manufacturing base opportunity for India
Technology transfer by setting up manufacturing facilities in India is the surest way of enhancing the indigenous manufacturing capability to become Atmanirbhar.
Positive elements seen during contraction
The stringency index coined by Oxford University, measuring the relationship between the intensity of the lockdown and loss of economic activity, has put India in a comfortable position so far as fatality rate is concerned at
Atmanirbhar Bharat: Sectors that provide good opportunities for private investment and FDI
Make in India programme of the government comes in a full circle when the feasibility of import replacement was deliberated between steel and auto industry.
Overcoming challenges of indigenisation to boost manufacturing sector
The recent announcement by the Ministry of Defence to indigenise production of 101 items and thereby substitute imports is very laudable.
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
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