THE MINISTER OF STATE FOR STEEL (SHRI VISHNU DEO SAI)
(a) Steel is a deregulated sector, the role of Government is limited to be the facilitator for the growth of steel industry in the country. Data on production and Use of total finished steel in the country during the last three years and April-May, 2018 is given below:-
Year Total Finished Steel (mt)
Production Use
2015-16 90.98 81.52
2016-17 101.81 84.04
2017-18* 104.98 90.68
April-May, 2018* 17.85 15.32
Source: JPC;*provisional; mt=million tonnes
Note: Storage data is not maintained in this Ministry.
(b) The details of quantum of the different kinds of steel imported and exported and foreign exchange spent / earned thereon have been provided in the tables given below:-
Steel Category Qty. in Million Tonnes Value (Rs. crore)
2015-16 2016-17 2017-18* Growth
% 2015-16 2016-17 2017-18* Growth
%
Export of Finished Steel
(alloy/stainless + non-alloy) 4.08 8.24 9.62 16.7 22658 35265 46629 32.2
Export of Non Alloy Steel 3.48 7.59 8.73 15.0 16306 28875 37258 29.0
Import of Finished Steel (alloy/stainless + non-alloy) 11.71 7.23 7.48 3.5 45044 34104 39484 15.8
Import of Non Alloy Steel 8.71 5.37 5.64 5.0 31070 23449 27196 16.0
Source: JPC;*provisional
Contd……..2/-
-: 2 :-
(c) Yes, Madam. There has been positive impact on the domestic steel industry.
• The sector has been growing at a steady Compounded Annual Growth Rate (CAGR) of about 5% over past four years.
• Production of crude steel has also increased from 81MT in FY 14 to 102.19 MT in FY18. ( 26 % increase)
• Consumption of finished steel has increased from 74 MT in FY14 to 90.6 MT in FY 18. (22 % increase)
(d) Steel is a deregulated sector. The role of the Government is that of a facilitator. The Government has launched the ‘Make-in-India” initiative to focus on manufacturing and infrastructure, which promotes the demand and consumption of steel in the country.
The Government has notified National Steel Policy, 2017 on 8th May, 2017 and the policy for providing preference to Domestically Manufactured Iron and Steel Products (DMI&SP) in Government procurement. These policies provide conductive environment for development of iron and steel sector.
Amendment in GFR 2017 to include Life Cycle Cost Analysis - This will enhance the usage of steel in Government funded infrastructure projects.
Protection of the domestic industry from unfair external competition with adequate trade measures such as anti dumping duties, safeguard duties and the introduction of Minimum Import Prices to protect the domestic markets from low cost steel products (now discontinued).
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