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Sushim Banerjee

Articles By Sushim Banerjee

280 Articles

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

Implementing Budget proposal would generate good demand for steel sector

The National Highways Authority of India is set to commercialise the development of over 6,000 km of highways by 2024. Railways is to achieve electrification of 27,000 km of tracks, four station re-development projects, set u

Explained: What is behind rise in steel prices

It was apparent that unabated Chinese appetite for iron ore and coking coal on the back of 7% rise in crude steel production (China produced 904.2 MT of crude steel during January to November 2019) was the primary driver to t

Budget 2020 wish list: Relief in personal income tax much expected

Budget 2020 India: There is a need for reforms in contracts and guidelines, relevant for the critical sectors of the economy to make them vibrant, user-friendly, transparent and facilitating quick redressal.

Union Budget 2020 India, Budget 2020 India

Thrust on steel exports led to higher capacity utilisation: Sushim Banerjee

Along with prices of major raw materials, there is a marginal rise in demand for steel, primarily for restocking purposes. In October’19 there was a general feeling in the market that steel prices have reached the bottom.

The current rise in price of steel reflects an anticipatory growth from that bottom point.

State governments’ rising share to characterise investment scenario in infrastructure

The FDI and other foreign sources of funding can make up the balance of the investment required. It is therefore gratifying that the high-powered committee formed by the government to identify major projects for funding in ne

State govt, share, investment, infrastructure, National Infrastructure Pipeline, NIP, rural infrastructure, digital infrastructure, agriculture and food processing infrastructure, social infrastructure (education, health & family welfare) and industrial infrastructure

Economic slowdown: What will impact demand and exports, find out here

Continuing with the premise that liquidity issues have afflicted Indian economy and therefore the regular production trend of the commodity sector, a few more data by the Reserve Bank of India (RBI) have come to light.

Repo rate-market rate of interest link diluted impact of RBI policy

While the flow has been reported to be lower than requirement, the cost of credit has been on the rise.

rbi, repo rate

Decline in industrial growth pulls down steel output

The issues responsible for the subdued performance of mining and electricity sectors are different.

India, steel, steel output, steel output decline, industry news

Investment, expenditure likely to positively impact demand

The basic presumption of high-cost credit adversely affecting the flow of investment in the economy has not been eloquently proved by events in the past six months.

Investment, Reserve Bank of India, rise in retail price, GFCF, financial saving, banks credit rate, wholesale price index

Steel export thrusts to be sustained on markup in global prices

In Q3 of FY19, Indian economy grew by 6.6% and by 5.8% in Q4. If these rates are superimposed on today’s growth numbers, may be in reversed fashion, GDP in FY20 may reach a growth level of around 5.7% in the minimum which,

Steel export, global prices, GDP, NBFC, corporate sector, RBI guidelines, IMF, private corporate investment, FDI

China influencing global growth trend in industry, services

The domestic steel market of China has been growing by 4.1% in 2017, 7.9% in 2018 and is likely to grow by 6.8% in 2019.

coal, india, china

Market fluctuations not allowing prices of finished products to rise

Maintenance activities in steel plants have gained prominence and this is a well established policy and seldom is given priority when the pressure on production to cater to a growing market is predominant.

Market, fluctuation, product, rise, market news, Commodities, industry production

Downward trend in prices of raw materials of steel to lower CAD

In the first seven months of the current fiscal, the finished steel consumption as per JPC data has gone up by 4.2% as compared to last year.

Trends in commodity prices and rules of trade

There is a distinct shift from coal to natural gas for electricity generation in advanced countries and India also must enhance the availability of natural gas for increasingly higher use by steel plants to reduce carbon emis

steel sector, steel industry

Slowdown has hit steel production; export-dependent nations more affected

This was truly evident in the latest World Economic Outlook report of IMF as it has coined the term ‘synchronised slowdown’ to describe the global economic movement in the recent period and make projections for next year.

The current economic trend has directly impacted steel production.
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