Sushim Banerjee

Articles By Sushim Banerjee

256 Articles

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.

Commodities News

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 News

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. News

Ways to survive and grow amid challenges in steel sector

The consumption of railway materials including rails during April-August ’19 at 0.7 million tonne shows a growth of 18.3% as compared to last year.

Industry News

Higher steel exports to give momentum to production

The manufacturing PMI for India for September 2019 at 51.4, though exceeding contraction scenario, is no improvement over previous month.

For all the export oriented steel makers, the current scenario has hit the manufacturing sector, including capital goods and therefore less demand for imports. News

Regional variations in output only show uncertainty in global steel market

While policy support from the government in monetary, fiscal and trade areas is all set to boost the local demand and raise the animal spirit in the private corporate sector, the thrust on steel exports by strengthening prese

Industry News

Corporate tax cuts to give excellent support to steel industry

To top it all, the GDP in Q1 of Fy20 at 5% confirmed that something drastic must be done to get the economy back to a higher growth trajectory.

bank, credit, bank credit, industrial bank credit, weak economy, slowdown in economy, sagging economy, finance minister, nirmala sitharaman, factory output, iip News

Need better method of measuring capital formation

The major categories identified in NAS series with 2011-12 as base year are dwellings, other buildings and structures (DOBS) and machinery and equipments.

capital formation, steel consumption, indian economy, communication, connectivity, economy news

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
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