Question : Demand and Supply of Steel

(a) the details of the steel production in the country during each of the last three years and the current year;

(b) whether the demand of steel is more than its production in the country;

(c) if so, the details thereof and the reasons therefor; and

(d) the steps taken by the Government to reduce the gap between demand and supply of steel in the country?

Answer given by the minister

THE MINISTER OF STATE IN THE MINISTRY OF (SHRI VISHNU DEO SAI)
STEEL AND MINES

(a) The details of the steel production in the country during each of the last three years and the current year are detailed below:-

Period Crude Steel Production (Million Tonnes)
2012-13 78.42
2013-14 81.69
2014-15 88.98
2015-16* (April-October) 52.45
Source: Joint Plant Committee (JPC); * Provisional

(b)to(d): The production for sale of total finished steel and real consumption (which may be taken as a proxy variable for domestic demand) along with export and import of the same for the last three years and for 2015-16 (April-Oct) are given below:-

Year Total Finished Steel (alloy+non-alloy) Million Tonnes
Production
for sale Import Export Real
Consumption
2012-13 81.68 7.93 5.37 73.48
2013-14 87.67 5.45 5.98 74.09
2014-15 92.16 9.32 5.59 76.99
2015-16* (April-October) 53.36 6.68 2.28 46.25
Source: Joint Plant Committee (JPC); * Provisional

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