SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Domestic steel consumption likely to surge 7% during FY19, FY20: ICRA

01 Jan 2019 Evaluate

Driven by the government’s focus on the infrastructure, affordable housing, power transmission and the Railways, credit rating agency, ICRA in its latest report has said that the domestic steel consumption is likely to surge 7% during current fiscal year (FY19) as well as in the next fiscal year (FY20).

However, the rating agency noted that domestic steel production growth is likely to remain low at about 2.5 to 3% in the ongoing fiscal due to increased threat from cheaper imports combined with a considerable de-growth in steel exports because of rising trade tensions globally.

Further, ICRA said that the domestic steel companies are expected to increase the capacity further by about 16 million tonne over FY2019 - FY2021, while capacity utilisation level is also expected to remain at a healthy 82-83% between FY2019 and FY2021, supported by a favourable domestic demand and low greenfield capacities coming up in the medium term.

As per the report, export volumes are likely to stabilise however in FY2020, albeit at a lower level, with domestic steel production slated to grow at a higher rate of around 5.5-6%, supported by healthy domestic demand.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: