Domestic Steel Production

Details of production of crude steel and import of finished steel in the country during the last three years (2019-20 to 2021-22) are given below: –

Year	Crude Steel Production(MT)	Import of Finished Steel(MT)
2019-20	109.14	6.77
2020-21	103.54	4.75
2021-22	120.29	4.67
Source: Joint Plant Committee(JPC); MT=million tonnes;

 

Steel is a deregulated sector and the role of the Government is that of a facilitator. Decisions such as production, import and export are market driven, and

are taken by the steel companies based on techno-commercial considerations.

Government has taken many initiatives to increase domestic steel production in the country, which include the following:-

1. Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP) policy for promoting procurement of Made in India steel. Total value of steel procurement done since implementation of DMI&SP policy is Rs 34,808 Crore.
2. Establishment of a Project Development Cell (PDC) which identifies projects to facilitate new investments, evaluating the pipeline of projects and taking necessary steps to fast-track their implementation.
3. Notification of Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of Rs. 6,322 Crore to promote the manufacturing of Specialty Steel within the country.
4. Participation in events like World Expo held in Dubai, interaction of Ministerial delegation with domestic steel users in Japan, Korea, Russia to highlight the expertise of the steel sector in India and showcase an array of investment opportunities as well as business potential in India’s Steel sector.
5. Make in India initiative and the PM Gati-shakti National Master Plan with further engagement with potential users, including from Railways, Defence, Petroleum and Natural Gas, Housing, Civil Aviation, Road Transport and Highways, Agriculture and Rural Development sectors to enhance the steel usage, overall demand for steel and investment in steel sector in the country.
6. Adjustments in Basic Custom Duty on steel products and raw materials along with calibration of trade remedial measures like Anti-dumping duty (ADD), Countervailing duty (CVD) on certain steel products to enhance competitiveness of India’s steel sector.

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 Rajya Sabha today.

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AL/AKN