THE MINISTER OF STATE FOR STEEL (SHRI VISHNU DEO SAI)
(a) Details are at Annexure I & II.
(b) During the years 2015-16, against a total production capacity of about 118 MT, India had produced about 91 MT of finished steel with an apparent consumption of about 80 MT. Thus the country is capable of meeting almost the entire domestic steel demand. Only a small quantity of high quality steel, not manufactured domestically needs to be imported. The country has witnessed a total finished steel import of about 9.32 MT during the year 2014-15 whereas the import has gone up to about 11.71 MT during 2015-16.
(c ) Yes, Madam. Some countries including China are dumping their products in India at cheaper rates and adversely impacting the health of domestic producers. The reasons for increase in imports of steel products from China are that there is huge overcapacity in China, due to which they are exporting surplus steel even at below cost of production to growing markets like India.
(d) In order to provide level playing field to domestic steel sector, Government has taken various measures which are as under:-
(i) In February, 2016, Government imposed Minimum Import Price (MIP) on 173 steel products.
(ii) In June 2015, an Anti-dumping Duty was levied for five years on imports of certain variety of hot-rolled flat products of stainless steel.
(iii) In September, 2015, a provisional safeguard duty of 20% was imposed on certain hot-rolled flat steel products.
(iv) Government hiked import duty on various finished and semi-finished steel products.
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Annexure-I
Details of Demand (as actual consumption)
Finished Non-Alloy Steel
(in thousand tones)
Items 2013-14 2014-15 2015-16* 2016-17* Apr.-May
Bars & Rods 29420 31081 32,833 5630
Structurals 6857 7301 7,389 1218
Rly. Materials 870 851 904 118
Non Flat 37147 39233 41,125 6966
Plates 4177 4770 5221 640
H.R.Coils\Skelp 19991 20544 21382 3449
H.R.Sheets 965 1113 1565 267
C.R.Sheets\coils 8526 8295 8267 1275
GP\GC Sheets 5428 5554 5502 1002
Elec. Sheets 462 541 429 72
Tinplate (incl. ww) 462 525 423 88
TMBP 4 1 4 0
Pipes (Large Dia.) 1963 1993 2008 335
Tin free steel 68 87 80 5
Flat 42046 43423 44881 7133
Less : Double Counting 11200 12420 13,303 2205
Total: Non-Alloy 67993 70236 72,703 11894
Total: Alloy 6102 6758 7,745 1217
Total Finished Steel 74095 76994 80,448 13111
Source: JPC;*prov
Details of Supply (as actual production for sale)
(in thousand tones)
Items 2013-14 2014-15 2015-16* 2016-17* Apr.-May
Bars & Rods 29550 32251 32,999 5837
Structurals 6896 7495 7,508 1285
Rly. Materials 887 835 886 151
Non Flat 37333 40581 41,392 7273
Plates 3896 4700 4324 678
H.R.Coils\Skelp 20806 20205 18594 3519
H.R.Sheets 920 1138 1512 285
C.R.Sheets\coils 7722 7509 6964 1349
GP\GC Sheets 6898 6892 6539 1207
Elec. Sheets 126 140 122.8 21
Tinplate (incl. ww) 344 354 309 54
TMBP 3 0 0 0
Pipes (Large Dia.) 1978 2094 2065 350
Tin free steel 12 0 0 0
Flat 42705 43032 40430 7463
Total: Non-Alloy 80038 83613 81,822 14736
Total: Alloy 7637 8544 8569 1578
Total Finished Steel 87675 92157 90,391 16314
Source: JPC;*prov
ANNEXURE-II
Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs./t)
ITEM Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.
Pig Iron 30000 30800 30700 30500 30300 33000 33000 32800 32500 32800 32500 33000
Pencil Ingots 34500 31600 32100 31000 30000 31500 32500 32000 31500 32500 35400 34700
Wire Rod 8mm 45940 45940 46110 45590 44890 45410 45410 45170 45170 45520 46110 45940
Rounds 12mm 45330 45680 45860 44980 44630 45330 45330 45440 45440 46210 46560 46560
TMT 10 mm 47010 47360 47540 47080 46380 47430 47430 47960 47960 48310 48660 48310
Plates 10mm 49420 49420 49420 49420 49320 49470 49570 49470 49320 49740 49820 49920
HR Coils 2.00 mm 48770 48770 48710 48770 48670 48900 49120 49020 49020 49170 49290 49320
CR Coils 0.63mm 52980 52780 52580 52780 51900 52500 53180 52580 52700 53780 54180 54980
GP Sheets 0.63mm 54280 54280 53680 53680 53680 54280 55240 55240 54580 55180 55780 58180
Melting Scrap HMS-II 26600 26600 26500 24000 23000 28000 28000 27000 26500 27000 28200 27700
Sponge Iron (Coal) 25800 25800 26000 25000 24000 25800 26000 26000 25500 26200 27000 26300
Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs./t)
ITEM Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.
Pig Iron 33000 32500 34000 34000 33500 32100 33750 34000 30833 30000 27833 26167
Pencil Ingots 34700 33800 37000 35000 34500 32000 34300 38475 30500 32000 31000 30000
Wire Rod 8mm 42000 40500 42000 44000 43500 43350 45000 42900 43125 41925 40550 39900
Rounds 12mm 43500 42500 44200 44000 43500 43650 44000 40000 39000 40000 39750 40250
TMT 10 mm 44500 43500 47600 46000 45500 45200 47075 44367 42542 42375 41775 41017
Plates 10mm 46000 45000 44000 43000 42500 42500 44500 42738 41500 40750 39500 38950
HR Coils 2.00 mm 46000 45500 45500 44500 43800 43500 44500 43500 42433 41167 40333 39667
CR Coils 0.63mm 52500 50000 52000 51000 50000 50782 51000 49200 49000 42500 47100 45000
GP Sheets 0.63mm 57500 54550 56000 55500 55500 54550 54275 53000 53167 52925 51350 50275
Melting Scrap HMS-II 27700 27200 28000 27000 27500 25500 25600 26500 23000 25000 24000 21000
Sponge Iron (Coal) 26300 25700 26300 25500 25500 25000 25200 23000 23500 24500 23750 22000
Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)
ITEM Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.
Pig Iron 27433 26667 24667 25533 25300 26000 24900 24033 23167 22833 25500 NA
Pencil Ingots 31200 29000 28000 24500 23600 26000 24000 22000 19500 25500 26500 25700
Wire Rod 8mm 40650 39500 38750 36000 36600 37000 35750 32500 29250 30750 34000 34500
Rounds 12mm 40250 37750 38200 36600 34150 37250 35575 31875 30250 29500 33250 35200
TMT 10 mm 42538 40075 40534 38188 36275 38750 35625 33713 30417 33284 36538 35000
Plates 10mm 40100 38267 36375 34850 33550 34725 35000 33000 30750 33100 33300 35000
HR Coils 2.00 mm 39100 40667 37438 36125 34250 34563 35675 34625 32200 33325 34033 34500
CR Coils 0.63mm 44533 44500 42000 40717 39750 40300 40825 37500 36267 35833 38000 38000
GP Sheets 0.63mm 49767 48350 49150 46783 43500 44233 44867 42500 41500 41133 40500 46000
Melting Scrap HMS-II 23000 21450 23100 20550 18000 22500 21100 14250 15300 16000 18350 19000
Sponge Iron (Coal) 23250 22150 22250 18900 17000 19000 17500 16500 16450 15500 16500 16000
Market (retail) prices of leading items of finished steel,2016-17: Delhi market (Rs./t)
ITEM Apr. May June
Pig Iron 28000 29800 27500
Pencil Ingots 25000 24250 23500
Wire Rod 8mm 35000 34800 33550
Rounds 12mm 33500 32900 33000
TMT 10 mm 36000 35900 34750
Plates 10mm 33000 37800 36000
HR Coils 2.00 mm 34500 38800 37200
CR Coils 0.63mm 37500 39500 39000
GP Sheets 0.63mm 47000 46500 45000
Melting Scrap HMS-II 18300 17500 17000
Sponge Iron (Coal) 16000 14200 13500
Source: JPC
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