Sushim Banerjee

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.
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.
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.
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.
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.
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.
A challenging FY19 awaits domestic steel industry

The GVA in manufacturing and construction rose by 9.1% and 11.5%, respectively in the last 3 months of FY18.
Measurable index to capture result of product promotion needed; here’s why

A product needs promotion to extend its use in the existing application areas and also to explore new areas of consumption.
Steel industry poised for stable growth in 2018

As excess steel capacity was found to be the single phenomenon damaging the interests of the global steel producers during 2014-2017 in terms of lowering the prices and thereby the profitability of the industry, China having accounted for nearly 50% of the estimated surplus steel capacity had to assure the outside world that its commitment to bring down the carbon footprint would entail elimination of some of the polluting units in steel, coal and cement.
Manufacturing to shape India’s industrial development

Industrial production data for March’18 is a little disappointing. But keeping in view the fact that not full production data of various items are compiled within the scheduled time, the revised data for March’18 that would be made available after 2-3 months would make up the shortfall in the rising trend.
Global steel industry poised for stable growth in 2018

Last week, we reviewed the commodity prices as they are likely to behave in FY19. The available indications suggest a gradual downward trend in global prices of iron ore, coking coal and scrap from the current level.
Commodity price outlook looks favourable for domestic producers

It is customary to predict the short term outlook for the market in the first month of the new financial year. The primary basis of the prediction relates to the behaviour of the economy as it is projected to grow in the coming year.
US-China trade actions to have significant impact on India

Nearly a month and a half has passed since the announcement of US tariff of 25% on steel and 10% on aluminium.
New challenges await Indian manufacturing sector in new year

The share of engineering goods and equipment in the total export basket had also witnessed a steady fall over the past few years.
Global push lands Indian steel sector on growth trajectory

It is indeed gratifying for Indian steel industry to have completed FY18 with a consumption growth of 7.8%
Sudden protective moves demand drastic measures

All these countries and block have been advised to enjoy exemptions till May 5, 2018 by which time they would be needed to work out a long term plan to address the issue of exporting to US and not impair the national security.
Steel sector must support recent manufacturing growth

There has been a burst of industrial activities in the last two months which is much welcome as it provides a sound base for the growth of various sub segments of the industry.
US import curb: India needs to consolidate indigenous market

The year 2018 began with a great deal of expectations, be it in the global arena or specifically for India. The global economy that ended 2017 with a GDP growth of 3.6% had put India’s growth at the top notch with a 7.2% growth in Q3 of FY18.
Input-Output model reveals real picture of economic growth

The primary determinant of any sectoral growth is provided by what is happening to the macroeconomic front.
United States probe on steel imports has global implications

Interesting to note that higher volume of imports from Canada, Mexico (both are NAFTA members), Japan, Germany, Taiwan, Netherlands, Italy, UK and UAE do not figure in the group of injury-inflicting countries, may be on grounds of domestic non-availability of the imported items from these sources or on regional political considerations.
Higher growth in steel consumption likely in 2018

2018 is likely to exhibit a more or less sustainable scenario with no major shock as the so-called Chinese juggernaut continues to trudge along a not-so-smooth roadway. The external shocks may originate from steep rise in oil prices, shrinkage in demand in US and EU arising out of strict protective measures and further hike in US interest rates
Good beginning: Steel consumption to grow 7 percent this year

The year 2018 begun with a little trepidation and uncertainty on the likely business outlook for the incoming months.
Budget 2018: Why India needs huge funds for infrastructure investment

Budget 2018: In the Budget for 2018-19, a sum of Rs 5.97 crore has been allotted as Budgetary and extra budgetary expenditure on infrastructure sector exceeding last year’s estimated expenditure by more than 20%.
Steel industry looking at brighter prospects in 2018

Already a few assessments are available on how the new year would shape for the steel industry. Irrespective of the details on price movement and profitability, it is generally believed that the year 2018 would give more benefits to the steel industry in terms of demand, costs of production, market realisation and exports than what was experienced in the previous year.
Manufacturing boost for steel sector in industrial production data

The New Year has brought us the good news that manufacturing sector, after a gap of many months, had moved up by 10.2% in November 2017 which pushed up the overall industrial production rate to 8.4% in the month.
Signs of green shoots in manufacturing sector

This year’s Budget, therefore, needs to earmark a significantly higher growth in investment for construction and infrastructure sector with a higher contribution from the private corporate sector in brown field expansion of steel, aluminium, cement iron Ore and other materials along with production of consumer durables and rise in real estates in the interest of income and employment generation.
Improve competitiveness by innovative sourcing, says Sushim Banerjee

It is very tempting to look back at the end of the year to what the domestic steel industry has achieved and what has been missed.

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