MINISTER OF STATE IN THE MINISTRY OF STEEL (SHRI BRAJA KISHORE TRIPATHY)
(a)&(b): Yes, Sir. The production of Steel is more than the domestic requirement in the country as indicated below:-
( in `000 tonnes)
Production Demand
1999-2000 28462 24595
2000-2001 30322 26635
2001-2002 31625 28925
(c)&(d): In the year 2001-2002, production of Carbon & Alloy Steel has gone up by 4.3% as compared to the production of the previous year. However, as far as sale is concerned, there are indications of a mixed result. Whereas SAIL, TISCO, ISPAT
INDUSTRIES, LLOYDS Steel and ESSAR Steel show slightly lower level of sales as compared to the previous year, other steel companies like Jindal Vijaynagar Steel Limited, Jindal Strips, National Steel etc. have shown improvement over the previous year. However, in the first nine months of the current financial year, most of the steel companies have achieved a higher sales turnover as compared to that of the last year.
(e) It is reported that Indian Steel Industries have managed to tap some new foreign markets in Asia including China, Nepal and Srilanka.
(f) The names of the countries importing steel from India and the quantity thereof during the period (April 2001 to March 2002) is indicated below:-
Country Quantity (In tonnes)
Bangladesh 116484
Belgium 29325
China PRP 35181
Ethiopia 95743
Hong Kong 51581
Indonesia 153955
Iran 134231
Italy 113621
Japan 59599
Korea RP 92952
Malaysia 129499
Mayanmar 63545
Nigeria 54617
Saudi Arab 49097
South Africa 30957
Spain 92536
Sri Lanka 101695
Thailand 202632
U A E 149126
U S A 170607
(g) In a free market economy, prices are determined by the prevailing market conditions including demand, supply and other factors. These factors are dynamic and keep on changing, however, the income from the sales during last year was depressed due to recessionary trends in the Global market. The income from sales has picked up significantly during the last three quarters of the current fiscal year both in the domestic and international markets.
