Sushim Banerjee

Articles By Sushim Banerjee

248 Articles

Volume-based indices signal revival of steel industry

The primary source of revenue for the government would be higher tax collections as the latest data show, but would be constrained by slower realisation of PSU disinvestment.

Volume-based indices signal revival of steel industry

Higher capacity utilisation of mines needed to boost availability

More mines would be put on auction route next year. The additional costs associated with the bidding procedure may initially be a little dampener unless these units are able to fetch a higher price for finished products

Higher capacity utilisation of mines needed to boost availability

China threat may diminish if global demand improves

If we are asked to choose between poor demand and Chinese threat of imports as the single factor explaining the declining EBITDA of the steel industry, a large number would surely opt for the latter.

China threat may diminish if global demand improves

Steel production growth in India is sustained by domestic market

The impact of downward risks on the global steel industry is best reflected in crude steel production data just released by WSA.

Steel production growth in India is sustained by domestic market

Time for cost-benefit analysis of all free-trade deals

One of the significant results of globalisation has been the respect for fair and free trade.

Time for cost-benefit analysis of all free-trade deals

Current market scenario not conducive for fresh investment

Stalled projects get a much- needed relief with the latest restructuring formula announced for the debts of power distribution companies.

Current market scenario not conducive for fresh investment

Boost public investment to mitigate risks to economy

Risk Management has long been acknowledged as a robust scientific tool to make an impact analysis of the possible downward or upward risks facing the entity in the short...

Boost public investment to mitigate risks to economy

Policy initiatives can promote steel consumption in India

The latest casualty in the falling prices category happens to be scrap.

Steel safeguard duty News

Promote steel consumption while building infrastructure

The average share of the construction sector in global steel consumption at around 50-55% implies that irrespective of the stage of growth of the economy, revival of steel demand critically...

Promote steel consumption while building infrastructure

More reforms needed to improve market sentiments

RBI has unexpectedly cut down the Repo rate by 50 basis points last month. Unexpected, as the quantum exceeded the level of expectation.

More reforms needed to improve market sentiments

Some myths to explore

A lot has been written on safeguard duty on steel. For the sake of an objective assessment, it is necessary to clarify some myths that have developed around the concept and its probable impact.

Some myths to explore

Quality steel production is need of the hour

In the first eight months of 2015 the global crude steel production at 1080 MT exhibits a negative growth of 2.3%. India currently at number...

Quality steel production is need of the hour

After moderate rains, investment climate should improve

Now that the monsoon deficits are within the manageable limits, this should be the most appropriate time for the government to go ahead with all other pending reform measures.

After moderate rains, investment climate should improve

Safeguard duty for steel sector a right move

Now that the government has appreciated the difficulties faced by steel industry from the alarming threat of rising imports...

steel companies stocks News

Column: Differences in import threat perception

Statistics always reinforce a premise and take forward a hypothesis beyond the realm of uncertainty.

Column: Differences in import threat perception

Next few months may augur well for steel industry

The recent report by CMIE indicates that of the 970 projects worth R10,000 billion announced in FY15, nearly 38% have commenced construction. It is well known that steel intensity per unit of investment in project constructio

Next few months may augur well for steel industry

NMDC well-prepared to face a competitive market

The iron ore scenario in the country is intractably linked with outlook for steel. The subdued demand and massive import inflows from China have adversely affected the steel production and, in turn, the demand for iron ore. M

NMDC well-prepared to face a competitive market

Steel import: Impose safeguard duty as interim measure

Total steel exports by China in January-July 2015 stood at 62.1 MT, 6.6% more than the previous year, while imports were down by over 9%. On annualised basis, the estimated direct steel exports in 2015 stand at record level o

Steel import: Impose safeguard duty as interim measure

Promotional efforts required for use of more steel

A collective approach from a group of major and medium steel manufacturers to develop strong justifications in favour of Indian steel would go a long way to convince the major Indian end-users to choose India-made steel as ha

Promotional efforts required for use of more steel

Steelmakers’ challenge for profitability to remain stiff

The financial results of a few steel plants in Q1 of FY16 clearly indicate that a big push in domestic demand can only bring some cheers to the bottom lines of producers. However, it is also to be appreciated that unless the

Steelmakers’ challenge for profitability to remain stiff

Import-led policy to meet gap disastrous for steel sector

In Q1 of the current fiscal, steel consumption in the country has grown by more than 7%. The higher consumption is largely fed by rising imports that have grown by 57% in the quarter on top of 75% rise in FY15

Import-led policy to meet gap disastrous for steel sector

Govt needs to act fast to check cheap steel imports

India exported 5.9 MT of steel in FY15, a negative growth of 2% compared to the previous year, while imports at 10 MT grew by 76%. There was a net deficit of R238 bn in FY15 and it stood at R92.5 bn in Q1 of FY16, threatening

Govt needs to act fast to check cheap steel imports

GST on steel imports should be at par with domestic

Conceptually, GST is unique as it combines a plethora of taxes and levies currently in vogue, like central excise, service tax, CST, VAT, entertainment tax, luxury tax, octroi, electricity duty and SAD/CVD under customs, and

GST on steel imports should be at par with domestic

Does investment in manufacturing generate steel demand?

Large volume of steel imports is taking place only on price consideration. It is still worthwhile to initiate dialogue with the large buyers of steel and work out acceptable terms of transaction for supply from indigenous sou

Does investment in manufacturing generate steel demand?

Common approach needed for manufacturing, steel

The crux of the matter is either to match the cheap landed prices of imports or make imports prohibitive by enhancing customs duties, imposing AD and countervailing duties and wait for further exchange depreciation

Common approach needed for manufacturing, steel

Can industry ask govt to exclude steel from foreign pacts?

India still holds the potential of one of the biggest consumers of steel on the back of revival of manufacturing and capital goods sectors and construction supported by higher public and private investments. Thus steel as a s

Can industry ask govt to exclude steel from foreign pacts?

Make in India campaign needs to learn balancing act fast

The machinery equipment and electrical equipment segments achieving 20.6% and 13.4% growth, respectively, over April may be taken as an early indicator of the success of Make in India programme, but needs a watch in the comin

Make in India campaign needs to learn balancing act fast