Sushim Banerjee
Uncertainty to determine fate of steel industry for 2019
During the first 8 months of the current year, the total imports of finished steel by India have gone down by only 2.3% compared to the previous year, while exports have fallen by around 35%.
Consumption of steel in the light of back series of GDP
This new series supersedes the earlier back series on National Accounts, brought out by Sudipta Mundle Committee.
How SME units play crucial role in steel sector’s growth
The enhanced steel supply was facilitated by fresh capacity augmentation (mostly brownfield), higher capacity utilisation and increased output of value-added steel as demanded by the critical sectors.
Explained: Why industrial products exports need more push from government, industry
In The first half of the current financial year, the industrial production in the country has grown 5.1%. This rate could have been higher but for the poor growth in Mining (0.2% in September) and Intermediate Goods (1.4% in
Crude steel production up 5.2% at 61.1 MT this fiscal
The current trends in the global economy are highly influenced by the conflicting events in the political scenario of major economies.
Buyers of commodities demand good quality products: Sushim Banerjee
In order to frame standards and codes in various commodities and thereby specify the chemical and mechanical properties of the item when used individually or in combination with other commodities, the Bureau of Indian Standar
Domestic market steel absorption capabilities brighter than earlier
HRC price in the domestic market of USA which was ruling at $ 716/t in March’17 (the month of duty imposition) is now available at $ 918/t, a rise of 28%.
Current growth cycle in steel sector to last for 24 months: Sushim Banerjee
We recall that the market scenario in Q1 of FY18 was dull. Prices were down; capacity utilisation was poor, expansion plans were put on hold and PMI exhibited bleak forecasts of new order booking and were on the brink of cont
IIP and industrial growth to support steel consumption in India: Sushim Banerjee
Growth of Industrial Production in August’18 at 4.3% with manufacturing at 4.6% is somewhat lower than what was expected with the publication of July results. But there is lot to cheer about for the industry.
Unique strategies needed to do away with imports of defective steel
Data for half yearly growth of production and consumption of steel is encouraging.
Forging alliance for Indian capital goods manufacturers
The major components of capital goods are: heavy electrical equipments, process plant equipments, engineering goods, earth moving equipments, metallurgical machinery, machine tools, textile, plastic machinery, tools dies and
Steel import share to come down with capacity augmentation
Commodity demand outlook in the first 2 quarters of the current fiscal raises hope that it would be sustained in the coming months. A positive scenario on steel demand is primarily reflected in the market realisation of the p
Global excess capacity behind drop in Indian steel exports
Industrial production figures for the month of July just available from CSO indicates a growth of 6.6% contributed by a 7% growth each in Manufacturing (wt: 77.6) and Electricity generation (wt: 7.99).
Pessimism around National Steel Policy 2017 swells
The feasibility of achieving the target of 300MT of crude steel capacity in the country has been a subject of intense deliberations in almost all the seminars and workshops held following the release of National Steel Policy
Rebuilding in Kerala can be significantly reduced by adopting steel intensive buildings and small span bridges
Most of the buildings hit by floods are damaged beyond repair and therefore need to be rebuilt completely. Since the steel framing itself is durable enough to withstand the fury of flood.
China cuts steel exports to India, may target domestic market for growth
It is interesting to note that imports from Korea and Japan in the current year is 24% more compared to last year while imports from China is down by 22%.
Stable economic growth — a great facilitator for steel growth
Indian steel industry is currently operating at 77% capacity utilisation with primary and major producers exhibiting capacity utilisation of around 100%, the capacity utilisation of other sector predominated by SME producers
Steel sector feels assured of steady growth in demand
Last week, we had envisaged a strong IIP growth in June’18 based on a robust growth achieved by the eight core sectors which have a combined weight of 40.2% in IIP released earlier in the month.
First quarter corporate results bring back issue of market dynamics
The Corporate results for the first quarter of the current fiscal have resurfaced the issue of market dynamics which is fast changing in our country.
Steel needs to be kept outside purview of FTAs, RCEPs
A common topic being discussed and deliberated in most of the seminars or workshops relates to the feasibility of the major goal set up in NSP 2017 for crude steel capacity to reach 300 MT by 2030-31.
Effective strategies must for product promotion
If the marketing wing decides in favour of a specific product profile, it becomes incumbent on the production department to take appropriate steps so that it maximises the rolling of the selected product.
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.
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