Sushim Banerjee

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.

steel industry, indian steel industry, steel industry FY19 News

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.

product promotion, Measurable index, BIS Codes, ROB, IRC 22 mode, EPC  News

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

steel, tata steel, bhushan steel News

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 wou

manufacturing, manufacturing potential, infrastructure, investments, industrialisation, Indian manufacturing sector News

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.

steel, steel industry, steel sector News

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 comi

oil, oil prices, crude oil, gas, market, economy, GDP, IMF, global GDP, CAD News

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.

US-China trade, US China trade inpact on india, india, EU, china, WTO,  Federal Reserve Board of Governors, US gdp, domestic steel producers  News

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.

manufacturing sector, india, manufactuing sector growth News

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%

steel, steel sector, steel inddustry News

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

US trade, steel tariff, steel articles tariff, US steel industry News

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.

steel, steel sector, steel industry, manufacturing growth News

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% gr

US import curb, US import, india, market News

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.

Input-Output model, economic growth, economy News

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 groun

unites states, steel probe, US Department of Commerce, steel imports, steel import ratio News

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

steel consumption, OECD steel, china, FOB Australia, Brexit, global steel industry, india, chinese steel News

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.

Steel consumption, steel industry, steel sector, steel, economy, india News

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%.

Budget 2018: The presentation of Union Budget was as usual preceded by the Economic Survey, which is an excellent exposition of the major economic challenges and opportunities facing the country in the past year and the year ahead. News

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 bene

steel industry prediction, steel industry growth expectation, steel industry in 2018 News

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.

steel sector, industrial production data, NSP 2017, GDP in the country, Global Economic Prospects, World Bank, IIP growth, GDP rate, india,  industrial sector News

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

 green shoots, manufacturing sector, Automobile sector, Capital Goods segment, manufacturing, infrastructure sector, construction sector, Budget, Liquidation, Bankruptcy News

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.

innovative sourcing, what is innovative sourcing, challenges of innovative sourcing News

Steel trade: Data variations need to be looked into for precise result

As the year 2017 has completed it journey, WSA has come out with the latest report on indirect trade in steel. The report, which is a continuation of methodology and data adopted by WSA uniformly for all the countries, compil

steel trade, data variations, precise result, trade in steel, indirect trade, indirect trade in steel News

Here is a look at world steel body’s report on indirect trade

Indian data on steel exports and imports compiled by UN Comtrade varies widely from the figures compiled by JPC, which in turn varies from DGCIS data that is accepted by WTO for all investigations under trade measures

world steel body, indirect trade in steel, WSA, UN Commodity Trade Statistics, true steel use, China,  steel exports, agricultural equipments, total steel export from India News

Huge potential for steel exports to grow in coming years

During the first 8 months, semis, bars and rods, HRC, billets/slabs, CRC, coated products, pipes and plates comprise around 97% of total steel exports. The export basket, which was heavily loaded with plates a decade ago, cur

steel exports, exports, steel, steel imports, engineering goods, chemicals, gems and jewellery, non-gold imports News

Looking beyond 4.5% growth of steel in Q3 and Q4

For the last few months the global interests in Indian economy have been on the rise.

Commodities News

Macro economic data reassuring, but a few concerns stay

The construction sector, which accounts for nearly 62% of the total steel consumption in the country, has grown by only 2.3% (at constant prices) in H1 as opposed to 3.7% in H1 of last year.

Macro economic data,  fiscal year, indian economy, gdp growth News

Promote indigenous capabilities to meet rising steel demand

The capability of the domestic players to supply rails matching the quality and prices offered by the global players is a strong enough reason to give preference to them to meet the demand.

Make in India, Make in India initiative, indigenous capabilities, rising steel demand, steel demand, facilitate investment, skill development, GDP, manufacturing infrastructure News
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