PERFORMANCE OF STEEL SECTOR
PERFORMANCE OF STEEL SECTOR
Steel is a deregulated sector and the government acts as a facilitator. The following table indicates the growth of steel production and consumption during the last five years:-
Year
Crude Steel (in MnT)
Finished Steel (in MnT)
Production
Production
Consumption
2019-20
109.14
102.62
100.17
2020-21
103.54
96.20
94.89
2021-22
120.29
113.60
105.75
2022-23
127.20
123.20
119.89
2023-24
144.30
139.15
136.29
Apr-Oct ‘23
82.47
79.13
76.01
Apr-Oct ‘24
85.40
82.81
85.70
Source: Joint Plant Committee(JPC)
State-wise details of finished steel production for the financial year from 2019-20 to 2023-24 is provided in the annexure.
The impact of steel sector on other sectors like construction, automotive and defence is as follows:-
Construction Sector: Steel is integral to the construction of large-scale infrastructure projects such as highways, bridges, railways, and metro systems. The demand for steel products, including TMT bars, rebar, and wire rods, is linked to infrastructure expansion initiatives of the government like Bharatmala and Sagarmala and affordable housing programs like Pradhan Mantri Awas Yojana (PMAY).
Automotive Sector: Steel is used in manufacturing a wide range of components, including chassis, body panels, and engine parts. As the automotive industry continues to grow—fueled in part by initiatives such as Make in India—the demand for high-quality steel products has expanded. Steel’s combination of strength and lightness is critical for meeting stringent safety standards while also improving fuel efficiency, making it a key material in modern vehicle production.
Defence Sector: The need for specialized, high-strength steel alloys has risen alongside increasing defense investments to strengthen the country’s military capabilities. Beyond equipment, steel is crucial in constructing defense infrastructure, such as military bases and storage facilities, roads and bridges which require durable and resilient materials to ensure long-term security and stability.
This information was given by the Union Minister for for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Rajya Sabha today.
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MG/KSR
Annexure
Finished Steel production – State Wise (in 000’t)
State
2019-20
2020-21
2021-22
2022-23
2023-24
Andhra Pradesh
5165
4207
5556
5692
6062
Arunachal Pradesh
16
0
0
14
20
Assam
62
73
96
154
187
Bihar
666
647
740
916
932
Chandigarh
0
0
0
0
0
Chhattisgarh
10516
10070
11906
13140
15780
Dadra and Nagar Haveli & Daman and Diu
206
115
128
151
15
Delhi
13
25
29
13
161
Goa
522
380
381
433
476
Gujarat
9240
8779
10267
9436
11414
Haryana
580
642
762
718
829
Himachal Pradesh
786
655
1036
1236
1525
Jammu and Kashmir
268
244
329
330
340
Jharkhand
16499
14766
17267
18333
19796
Karnataka
11630
10856
11884
12282
12837
Kerala
465
441
523
592
556
Madhya Pradesh
543
497
828
982
1347
Maharashtra
8683
8677
11378
14454
16260
Meghalaya
58
41
52
71
68
Odisha
17109
16957
18454
19648
21747
Puducherry
322
308
317
383
457
Punjab
4453
4390
5196
5222
6117
Rajasthan
1982
1692
1876
2061
2246
Tamil Nadu
2646
2340
2734
3283
3811
Telangana
1737
1728
2089
2529
2971
Tripura
14
7
18
12
19
Uttar Pradesh
2421
1898
1992
2244
2737
Uttarakhand
685
571
571
577
619
West Bengal
5334
5197
7188
8290
9824
Total
102621
96204
113597
123196
139153
Source: Joint Plant Committee(JPC)