Question : Steel Production

(a) the details of steel production, consumption and its annual growth during each of the last three years and the current year;
(b) whether the steel production growth is enough to meet the current demand of the steel in the country;
(c) if so, the details thereof including India’s world ranking in steel production and if not, the financial requirements of the steel sector to achieve the steel production targets;
(d) the details of steel exported during the said period, country-wise; and
(e) the details of the financial performance of the domestic steel industry and the reasons for its depressed condition during the said period along with the steps taken to address the issues affecting the steel sector to boost the steel production in the country?

THE MINISTER OF STATE FOR STEEL (SHRI VISHNU DEO SAI)

(a) Data on production for sale and consumption of total finished steel in the country during the last three years i.e. 2014-15, 2015-16, 2016-17 and current year along with percentage change over same period of last year is given below.

Year Total Finished Steel
Production for sale Consumption
Qty. (mt) % change Qty. (mt) % change
2014-15 92.16 5.1 76.99 3.9
2015-16 90.98 -1.3 81.52 5.9
2016-17 101.81 11.9 84.04 3.1
April-Jan. 2017-18* 88.37 5.1 72.52 5.4
Source: JPC; *provisional

(b) Yes, Madam.

(c) Data on global crude steel production of the top ten countries during the last three years, 2015, 2016 and 2017 is at Annexure-I. The data indicate that India has been the 3rd largest producer of crude steel in the world since 2015.

(d) Data on country-wise total finished steel exported from India during the last three years i.e. 2014-15, 2015-16, 2016-17 and current year is at Annexure-II.

Contd……..2/-

-: 2 :-


(e) Indian Steel industry was facing a lot of challenges due to dumping of steel from major steel producing countries, adverse market conditions, lower net sales realization of steel products, increase in imported and indigenous coal prices, downturn in global steel industry etc. Steel is a deregulated sector and role of Government is that of a facilitator. However, the Government has taken various measures to promote steel sector which amongst others include trade measures such as anti dumping duties, safeguard duties and temporary introduction of Minimum Import Price; notified Quality Control Orders thereby making BIS standards mandatory for all steel products and imports; notified the policy on Domestically Manufactured Iron and Steel Products in Government procurement which facilitates domestic value addition; and notified National Steel Policy, 2017 with a view to encourage long term growth of steel sector etc.

********