Sushim Banerjee

Articles By Sushim Banerjee

295 Articles

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.

steel sector

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.

The unlocking of pent-up demand and fresh spark in demand from the OEMs, partly to meet the current demand and partly to build inventory to get relief in a rising market are putting pressure on availability of specific items.

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%.

steel industry, steel price

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.

manufacturing activity, PMI, purchasing managers' index, manufacturing growth, IIP, industrial production

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.

Q2 GDP growth, indian economy, economic growth, economic recovery, recession, RBI, reserve bank

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).

It projects GCF as a percentage of GDP to rise from 25.4% in the current fiscal by 2.3% in FY22.

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.

While the registration was earlier mandatory for the imports of about 300 steel and iron products, its scope has now been widened to include about 530 more products.

‘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

steel, cement, natural gas, core industries output

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.

Thus to have a capacity augmentation of 300MT of steel by FY31, a domestic demand level of minimum 230MT of finished steel would be required at an annual average rate of 7.9% growth during FY20 and FY31.

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

inidan economy, kharif production, economic activity, Dedicated Freight Corridor programme, GST collectionm FDI flows, rabi season, rural income

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.

With respect to the solar panels, India’s imports comprise around 80% of the total requirement and most of these are from China.

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%.

It is seen that India is the single one among all countries in the world where maximum drop in the level of steel consumption has been projected.

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.

India’s total steel exports to China in the April-June period reached 2.7 MT, which is substantially more compared to last year.

‘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.

Production growth, steel exports, Covid-19 pandemic, IIP for May 2020, MGNREGA activitie, SME sector, PSU, crude steel 

‘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.

manufacturing, lockdown period, Covid-19 pandemic, indian economy, NPAs, MSMEs, TLT manufacturers, IIP data

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.

Steel Consumption, GDP growth, steel industry, GDP composition, infra projects, infra sector, industry sector

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.

Corona, Chinese steel export prices, china imports, Indian exports, MSME units, Indian steel producers

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

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


Stock Market