DOMESTIC STEEL MANUFACTURERS
DOMESTIC STEEL MANUFACTURERS
The quantity of finished steel imported from various countries from 2018-19 to April-October 2024-25 is placed at Annexure-1.
Steel is a de-regulated sector. The Government acts as a facilitator, by creating a conducive policy environment for the development of steel sector across all States in the country.
The Government has taken the following measures to achieve the target of 300 MT crude steel capacity and increase domestic steel production in the country:-
This information was given by the Union Minister for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Lok Sabha today.
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MG/KSR
Annexure-1
IMPORT OF FINISHED STEEL (‘000 tonnes)
Country
2019-20
2020-21
2021-22
2022-23
2023-24
April-October 2024-25*
ARGENTINA
26
7
1
0
0
0
AUSTRALIA
4
2
1
0
1
1
AUSTRIA
13
71
9
10
52
4
BAHARAIN
10
14
5
1
3
5
BANGLADESH
0
0
0
6
3
1
BELGIUM
74
56
28
33
17
10
BRAZIL
23
5
6
3
1
1
CANADA
20
17
10
11
6
2
CHINA
1207
843
833
1407
2687
1742
CZECH REP
2
0
1
2
4
2
DENMARK
3
2
2
1
1
1
FINLAND
9
5
5
7
6
3
FRANCE
56
121
58
77
15
57
GERMANY
135
146
151
112
80
66
INDONESIA
464
79
241
148
94
56
IRAN
0
0
0
0
0
0
ITALY
81
33
34
31
23
24
JAPAN
1018
560
664
841
1274
1268
KAZAKHSTAN
3
11
1
6
0
0
KOREA
2687
1947
2009
2228
2670
1527
KUWAIT
8
3
3
3
9
4
MALAYSIA
51
42
8
20
6
3
NEPAL
6
6
9
59
120
70
NETHERLANDS
11
20
13
4
3
1
NEWZELAND
1
1
0
1
1
1
OMAN
4
12
5
7
11
10
POLAND
8
5
7
6
3
2
PORTUGAL
2
1
2
2
0
1
ROMANIA
3
1
1
2
17
1
RUSSIA
71
63
55
313
53
76
SAUDI ARABIA
8
36
14
9
39
4
SINGAPORE
139
43
8
6
4
5
SLOVENIA
11
7
6
4
1
3
SOUTH AFRICA
22
15
8
5
7
9
SPAIN
32
20
27
21
5
3
SWEDEN
23
27
39
48
20
20
SWITZERLAND
1
1
1
1
1
1
TAIWAN
165
186
194
163
185
89
THAILAND
52
50
25
53
58
60
TURKEY
5
8
2
3
3
1
U.K.
17
11
6
5
4
3
UAE
21
21
24
12
52
17
UKRAINE
84
31
22
7
1
2
USA
65
54
29
17
20
12
VIETNAM
86
133
75
320
737
598
Others
39
39
26
6
24
5
TOTAL
6768
4752
4669
6022
8320
5768
- Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting ‘Made in India’ steel for Government procurement.
- Launching of the Production Linked Incentive (PLI) Scheme for Specialty Steel to promote the manufacturing of ‘Specialty Steel’ within the country and reduce imports by attracting capital investments. The anticipated additional investment under the PLI Scheme for Specialty Steel is Rs. 29,500 crores with an additional capacity creation of around 25 million tonnes (MT) for specialty steel.
- In the Union Budget 2024-25, Basic Customs Duty (BCD) has been reduced from 2.5% to Nil on Ferro-Nickel and Molybdenum ores and concentrates which are raw materials for steel industry. BCD exemption on Ferrous Scrap and specified raw material for manufacture of CRGO steel has been continued upto 31.03.2026.
- Revamping of Steel Import Monitoring System (SIMS) 2.0 for more effective monitoring of imports to address the concerns of domestic steel industry.
- Coordination with Ministries and States, besides other countries for facilitating the availability of raw material for steel making on more favourable terms.
- Notification of Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.
- Introduction of Steel Quality Control Order thereby banning sub-standard/ defective steel products in domestic market as well as imports to ensure the availability of quality steel to the industry, users and public at large. As per the order, it is ensured that only quality steels conforming to the relevant BIS standards is made available to the end users. As on date, 151 Indian Standards stands notified under the Quality Control Order covering carbon steel, alloy steel and stainless steel.