Sushim Banerjee

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.

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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 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.

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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

India needs to prepare as automobile sector readies for paradigm shift

Many start-ups are showing the implications of innovative technologies in a sporadic manner .

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Steel sector to have good scenario in current year and the next

The recent repo rate cut by the Reserve Bank of India to 6.0% has been favourably commented by ADB and is likely to enable more investment flow into the economy and would also help private consumption.

Steel sector to have good scenario in current year and the next News

India to surpass US as second biggest steel consumer by end of this year

The apparent consumption of finished steel at 97.5 MT, registering an annual growth of 7.5%, the highest among the global players, has made India nearly touching the level of the US and in all likelihood India would occupy th

Industry News

Demand in Asian region driving global steel growth

While India needs to enhance its steel exports, meeting the domestic demand should be the basic determinant of capacity augmentation efforts. 

Commodities News

Steel pricing is largely determined by market absorption capacity

The ability of Indian steel producers to cover the major components of their cost of operations in the next year would primarily depend on the price of raw materials as cost of raw materials comprises 60% of the total cost of

Steel pricing is largely determined by market absorption capacity

January IIP falls, but difficult to gauge impact on steel demand

Growth in industrial production boosts steel consumption as some of the critical segments of industry are steel intensive. Hence, the fall in the index causes concern for steel industry.

Markets News

Steel-making units for SME sector become imperative

The export of total steel (including semis) at 7.8 MT during the period, a fall of 35%, would reach 8.5-8.6 MT by the end of the current year.

steel, steel sector, steel industry, tata steel News

To remain vigilant under trade protective regime

Now is the time to take product specific steps to thwart imports that are clearly violating standard rules of trade.

Economy News

Fast changing steel market scenario to propel India amaong top players

Steel exports are included in export figures of engineering goods.

Commodities News

Steel imports: India should follow EU way of definitive safeguard measures

The global steel market is passing through a critical phase with uncertain elements cropping up infrequently to disrupt the slow and steady journey of revival.

steel, steel sector, steel industry News

Development of engineering exports segment dampening actual steel use

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods i

Industry News

Budget 2019: Mix of good proposals for farmers, middle class

Small and marginal farmers owning small tracts of land would be largely benefited. Social security and health coverage for a large chunk of workers in the unorganised sector through innovative schemes announced in the Budge

Markets News

SMEs restrained by lower utilisation of installed steel capacity

While the major players are operating at a level of 81% of capacity, the SME sector is restrained by a much lower utilisation of installed capacity (68%), primarily due to raw material shortages in iron ore and non-coking coa

Industry News

WPI rate movement in steel categories shows healthy trend

The latest core inflation reflected in consumer price index (CPI) indicates that price level had increased by 2.19% during December 2018 and the headline inflation represented by wholesale price index (WPI) had gone up by 3.8

Markets News

Indian steel export strategy getting increasingly diversified: Sushim Banerjee, DG, Institute of Steel Growth and Development

The current market realisation in Indian domestic market offers a still higher return as compared to the ruling global steel prices and therefore the urge to exports is not there.

Commodities News

Steel sector to get boost from government budget spending, credit flow in Q4

A lot of speculations are rife on the probable state of the sector in 2019. Now that Brent crude oil price has declined, it is not likely to go up in the coming 2-3 months, despite the alleged production cuts by Opec.

Markets News