Sushim Banerjee

Articles By Sushim Banerjee

252 Articles

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

Rating upgrade leads to better marketing, fund flow

The news of Moody’s upgraded Credit rating for India from BAA3 to BAA2 is making rounds. It gives credibility to the reform measures taken by the government as positive steps towards boosting up the fundamentals of Indian e

Credit rating for India, Indian economy, Arcelor Mittal, JSL Hissar plant, Sushim Banerjee, Karnataka News

Steady manufacturing growth lifts steel demand

The manufacturing sector directly impacts steel demand to the extent of approximately 40%, and indirectly lifts another 10-15% by supplying machinery and equipment to meet the demand from construction sector.

Steel, steel demand, manufacturing growth, Steady manufacturing, Steady manufacturing growth, lifts steel demand, Indian steel industry, steel industry News

Growth imperatives in steel sector need to be addressed quickly

Belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability figures in the official statistics that has made the finished steel availa

steel sector growth, steel production in india, india steel production News

Global steel in a recovery mode, demand to grow 7%

Barring the frequent political crisis in various parts of the world, the global economic growth (3.5-3.7%) in the current year would create an enabling environment for growth in steel consumption.

steel, recovery mode, steel industry, global steel demand  News

Policy support booster dose for domestic steel industry

The government has indeed rendered significant help to Indian steel industry from the frequent surge in low priced imports of various categories of steel for the last 3 years.

Government, Indian steel industry, Steel News

Sustainable IIP growth sounds well for steel sector

The SMEs take a production share of 64% in TMT, 38% share in wire rods, 92% share in plain rounds and more than 66% share in structurals. It is known that SMEs are the major producers of alloy and SS long products.

Markets News

Current trend in steel output offers optimistic view

The first half of the current fiscal has shown a growth of 4.5% in crude steel production in India at 49.8 MT.

Steel Output, steel News

India vs China: GDP growth perspectives and steel industry’s stake

The Asian Development Outlook 2017 Update, published recently by ADB, has estimated GDP growth for India at 7% in 2017 (0.4% lower than April projection) and at 7.4% in 2018 (0.2% lower).

india, china, Asian Development Outlook 2017 Update, impact of india china tussle on economy News

Global steel output trends positive for growing Indian economy

Global steel production in August 2017 raises hopes for the revival of steel industry.

Global steel output, indian economy, NAFTA, MENA, japan, HRC prices, steel industry, Russia, Turkey,  Chinese production of crude steel  News

Growth in margin provides comfort to steelmakers; here’s why

IIP has grown by 1.7% in the first 4 months of the current fiscal with manufacturing growing at 1.3%, capital goods, consumer durable and infrastructure and construction sectors witnessing a growth of (-) 3.5%, 2.1% and (-) 0

steelmakers,  industrial growth, manufacturing sector, manufacturing  News

Steel makers look to add investment with rising prices

Last week we briefly discussed about the challenging economic scenario for Indian steel industry in terms of fresh investment, especially the declining private corporate investment.

Steel, Steel makers, add investment, investment with rising prices, add investment with rising prices, Steel makers look to add investment News

Domestic economic scenario challenging for steel industry

Indian economy commenced FY18 with a slower growth rate of 5.6% in GVA and 5.7% in GDP in Q1 against 7.9% growth in first quarter of last year.

Steel industry, steel, India, export News