Sushim Banerjee

Articles By Sushim Banerjee

248 Articles

Advance intimation of steel imports will help industry face challenges

A common prescription of industrialisation has been the infant industry argument. It has been widely accepted that state support is a must for the growing stage of any industry till it is adolescent.

Countries with excess steel capacity have exported the product at a dumping price to distort the market mechanisms of the importing countries News

Urgent steps are required to eliminate biasness of economy

During April-July’19, India’s steel consumption grew by 6.6%. In this period, the total steel imports have reached 2.7 MT with a share of 8.4% in total steel consumption. This is an area that can provide some additional s

RBI monetary policy, Rate cut, policy repo rate, Global growth, BCBS, inflation, global economic indicators, India’s banking sector News

Steel industry: Capital formation better indicator of growth

Steel intensive structures are chosen due to long term cost advantage (life cycle cost analysis), durability and flexibility to support modification and replacement and above all for environmental friendliness of steel.

Industry News

Steel pricing spread helps assertain strength of variables

In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation th

Steel pricing, Steel strength, Steel industry, commodity, market news, sme, market news

Stimulus is expected to rejuvenate the economy

The above stressed scenario in Q1 has been captured by IIP data. Industrial output growth in June ’19 at 2.0% has brought down Q1 rate to 3.6%.

The highest fall has been observed in the capital goods segment (a decline of 6.5% in June and (-) 2.4% in Q1). News

The economy can sustain higher public investment

The growth rate of total imports from an annual average of 31.3% in low growth periods has currently come down to 23.6%, thanks to the indigenisation drive by the government in defence, power, steel, machineries, among other

indian economy, india growth, india economy, india growth, india inc, 5 trillion economy, nirmala sitharaman india gdp, india News

Steel industry’s fortune has shifted to Asia, Africa

As per OECD report on latest development in steel making capacity, July’19, the global crude steel capacity in 2018 has come down to 2,233.7 mt from 2,240.1 mt in 2017.

Industry News

Government support must for competitive steel industry

These trends have become inseparable engines of growth perspective of all the countries characterised by dominant share of manufacturing and industry.

Industry News

Robust activities in manufacturing to lead steel demand

The significant drop in manufacturing of motor vehicles and trailers from FY18 to FY19 and till the first two months of FY20 resemble the decline in automobile production from 14.9% to 6.3% during the past two years and subse

manufacturing, manufacturing industry, steel demand, Index of Industrial Production, IIP,  fabricated metals, electrical equipments, machinery & equipments News

Budget 2019 shows the need for 5-year road map

Budget 2019 India: Budget 2019 has drawn a roadmap of Rs 100 lakh crore investments for the next 5 years at Rs 20 lakh crore per annum. This is a quantum jump in the investment intentions by the government.

Budget 2019, budget, startups,budget highlights, budget 2019 date, budget 2019 PDF, budget 2019 highlights, budget 2019 income tax, budget highlights 2019 india News

Budget 2019: Domestic steel industry pins high hopes on Modi government

Budget 2019-20: For steel industry, the higher investment allocation would lift up the subdued business sentiment which is acting against encouraging private corporate investment and raising the animal spirits in various crit

steel, steel sector, steel industry, crude steel production, china devalues currency, consumption, per capita steel consumption News

Sectoral partnership drive in steel sector to pay dividends

Taken together, the repo rate reduction of 75 basis points (in three tranches) in the past months should have impacted positively both the consumption expenditure and investment in the economy.

steel, steel sector, steel industry, steel india, steel china, jw steel, tata steel, steel industry india, steel manufacturing News

Issues of individual segment have adverse impact on steel demand

It is very much expected that this year’s Budget would provide a substantial budgetary provision for meeting the massive deficit in infrastructure in the country.

Around 32% of steel consumption (auto and engineering segments) is facing hurdles in the current year. News

Steel industry facing growth implication challenges

For the last few months it was well recognised that GDP growth for fourth quarter in FY19 would be lower than the previous quarter and it would pull down the yearly GDP growth. The IIP for the year at 3.6% was lagging behind

steel, steel sector, steel industry, steel india, steel china, jw steel, tata steel, steel industry india, steel manufacturing News

Increase in investment would improve business sentiment

Past studies have established a close linkage between the rising manner of uncertainty and the decline in economic growth.

non food credit, economy growth News

US-China trade war gradually destabilising world economy

Simultaneously, the US announced a number of stimulus measures of investment in infrastructure where the existing Make in USA policy and costly steel imports benefited the indigenous steel manufacturers to derive maximum bene

The current capacity utilisation of US steel industry at 82% is significantly higher by 10% as compared to the level achieved prior to March 2018. News

Subdued industrial growth needs big boost

Industrial production for FY19 was below the expectations. At 3.6% growth rate it was lower than last year’s 4.4%.

Economy News

Ability to grow amid global slowdown is a hallmark of India

The recent global economic outlook report by IMF and the annual outlook report by ADB are both cases in point. One distinctive feature of India’s growth is its ability to grow amid an all round global declining trend with s

Economy News

Despite challenges, steel industry fares well in FY 19

The crude steel production at 107 MT rose by 3.3%. Total steel imports at 8.8 MT went up by 5% and steel exports at 8.5 MT dropped down by 26%, resulting in India becoming a net importer in FY19.

Industry News

India needs to prepare as automobile sector readies for paradigm shift

Many start-ups are showing the implications of innovative technologies in a sporadic manner .

SBI, SBI Car Loan, SBI Car Loan Interest rates, SBI Car Loan eligibility, Car Loan, Interest rates, Green Car Loan, SBI Green Car Loan News

Steel sector to have good scenario in current year and the next

The recent repo rate cut by the Reserve Bank of India to 6.0% has been favourably commented by ADB and is likely to enable more investment flow into the economy and would also help private consumption.

Steel sector to have good scenario in current year and the next News

India to surpass US as second biggest steel consumer by end of this year

The apparent consumption of finished steel at 97.5 MT, registering an annual growth of 7.5%, the highest among the global players, has made India nearly touching the level of the US and in all likelihood India would occupy th

Industry News

Demand in Asian region driving global steel growth

While India needs to enhance its steel exports, meeting the domestic demand should be the basic determinant of capacity augmentation efforts. 

Commodities News

Steel pricing is largely determined by market absorption capacity

The ability of Indian steel producers to cover the major components of their cost of operations in the next year would primarily depend on the price of raw materials as cost of raw materials comprises 60% of the total cost of

Steel pricing is largely determined by market absorption capacity

January IIP falls, but difficult to gauge impact on steel demand

Growth in industrial production boosts steel consumption as some of the critical segments of industry are steel intensive. Hence, the fall in the index causes concern for steel industry.

Markets News

Steel-making units for SME sector become imperative

The export of total steel (including semis) at 7.8 MT during the period, a fall of 35%, would reach 8.5-8.6 MT by the end of the current year.

steel, steel sector, steel industry, tata steel News

To remain vigilant under trade protective regime

Now is the time to take product specific steps to thwart imports that are clearly violating standard rules of trade.

Economy News