Impact of Steel Import

2023-03-23 Information

Ministry of Steel

Posted On:

23 MAR 2023 4:10PM by PIB Delhi

Details of Production, Consumption and Stock of Finished Steel during last three years and current year are given below: –

Finished Steel
Year	Production (mt)	Consumption (mt)	Stock
Year	Production (mt)	Consumption (mt)	As on date	Quantity (mt)
2019-20	102.62	100.17	31.03.2020	13.69
2020-21	96.20	94.89	31.03.2021	8.97
2021-22	113.60	105.75	31.03.2022	7.99
2022-23 (Apr-Feb*)	109.35	107.20	28.02.2023*	9.83
Source: Joint Plant Committee (JPC); mt=million ton; *provisional

The details of category-wise imports, indicating both quantity and value, during the last three years and current year are given at Annexure-I.

The details of country-wise import, indicating both quantity and value, during last three years and current year are given at Annexure-II.

Steel consists of several grades & categories having 507 tariff lines at 8-digit classification in Chapter-72 with a total of 901 steel producing units in the country. The domestic production and consumption of finished steel during the last three years has risen, except for the FY 2020-21 due to Covid-19 pandemic induced disruption. Furthermore, overall share of domestic production in the consumption of finished steel has been increasing and that of imports are decreasing: –

Year	Consumption (in mt)			% Share of Import in Consumption	% Share of Domestic Production in Consumption
Year	Total	Share of import	Share of Domestic Production	% Share of Import in Consumption	% Share of Domestic Production in Consumption
2019-20	100.17	6.77	93.4	6.76 %	93.24 %
2020-21	94.89	4.75	90.14	5.01 %	94.99 %
2021-22	105.75	4.67	101.08	4.42 %	95.58 %
Source: Joint Plant Committee (JPC); mt=million ton

Annexure-I

(Quantity in thousand tonne & value in ₹ crore)

Category-wise Import of Finished Steel
Category	2019-20		2020-21		2021-22		2022-23 *(Apr-Feb)**
Category	Quantity	Value	Quantity	Value	Quantity	Value	Quantity	Value
Non-Flat
Bars & Rods	273	1229	143	714	63	455	110	796
Structurals	38	218	31	176	14	104	8	79
Rly. Materials	51	387	63	453	68	581	71	827
Flat
Plates	353	1787	379	2318	237	1977	157	1830
HR Sheets	6	24	1	6	0	0	0	1
HR Coils/Strips	1646	6821	828	3537	811	5349	1416	8353
CR Coils/Sheets	374	1896	222	1247	340	2465	347	2798
GP/GC Sheets	907	5790	767	5008	735	6282	822	7918
Electrical Sheets	540	4140	460	3139	430	5171	250	5663
TMBP	0	0	0	1	0	1	0	0
Tin Plates	183	846	138	644	54	307	11	96
Tin Free Steel	73	316	48	213	12	73	2	31
Pipes	345	2762	158	974	150	1111	193	1889
Alloy/Stainless Steel
Non-Flat	379	3334	344	3055	214	3547	214	3845
Flat	1599	15133	1171	10670	1542	18876	1992	25816
Finished Steel	6768	44683	4752	32154	4669	46298	5592	59943
Source: Joint Plant Committee (JPC); *provisional

Annexure-II

(Quantity in thousand tonne & value in ₹ crore)

Import Of Finished Steel
Country	2019-20		2020-21		2021-22		2022-23 *(Apr-Feb)**
Country	Quantity	Value	Quantity	Value	Quantity	Value	Quantity	Value
Argentina	26	288	7	74	1	6	0	1
Australia	4	25	2	11	1	5	0	7
Austria	13	199	71	650	9	650	8	527
Baharain	10	48	14	65	5	36	1	11
Bangladesh	0	0	0	0	0	0	5	32
Belgium	74	434	56	477	28	240	30	407
Brazil	23	55	5	59	6	115	3	74
Canada	20	73	17	62	10	54	10	51
China	1207	8841	843	6302	833	9295	1340	15741
Czech Rep	2	18	0	6	1	24	2	42
Denmark	3	64	2	28	2	48	1	23
Finland	9	132	5	101	5	128	6	201
France	56	462	121	857	58	622	73	991
Germany	135	1149	146	1209	151	1511	99	1480
Indonesia	464	4309	79	771	241	4511	143	3289
Iran	0	0	0	0	0	0	0	0
Italy	81	737	33	324	34	373	28	461
Japan	1018	6566	560	4428	664	6408	768	9059
Kazakhstan	3	15	11	41	1	6	6	46
Korea	2687	14681	1947	10863	2009	15904	2036	16998
Kuwait	8	29	3	10	3	12	3	12
Malaysia	51	475	42	347	8	71	17	329
Nepal	6	36	6	30	9	68	53	412
Netherlands	11	54	20	99	13	85	4	50
New Zeland	1	3	1	3	0	1	1	2
Oman	4	14	12	54	5	23	7	39
Poland	8	93	5	52	7	110	6	152
Portugal	2	18	1	6	2	28	2	34
Romania	3	42	1	15	1	24	1	26
Russia	71	657	63	526	55	768	310	2577
Saudi Arabia	8	41	36	150	14	83	8	54
Singapore	139	559	43	200	8	57	6	54
Slovenia	11	159	7	136	6	134	4	112
South Africa	22	181	15	144	8	129	5	116
Spain	32	286	20	151	27	215	20	197
Sweden	23	357	27	414	39	601	46	805
Switzerland	1	33	1	28	1	35	1	38
Taiwan	165	1002	186	1080	194	1610	158	1796
Thailand	52	298	50	343	25	285	51	486
Turkey	5	30	8	51	2	22	2	35
U.K.	17	147	11	81	6	58	4	76
UAE	21	100	21	106	24	126	11	110
Ukraine	84	313	31	133	22	168	6	46
USA	65	393	54	303	29	196	15	235
Vietnam	86	830	133	1265	75	1304	286	2659
Others	39	437	39	99	26	149	5	48
TOTAL	6768	44683	4752	32154	4669	46298	5592	59943
Source: Joint Plant Committee (JPC); *provisional

This information was given by the Union Minister of State for Steel and Rural Development, Shri Faggan Singh Kulaste, in a written reply in the Lok Sabha today.

*****

AL/AKN