Ministry of Steel
azadi ka amrit mahotsav

Steel Production Capacity and Percentage of Import

Posted On: 28 MAR 2022 5:31PM by PIB Delhi

The total crude steel production capacity of the country during 2020-21 stood at 143.91 million tonnes. Data on consumption and import of total finished steel along with share of imports in consumption during 2020-21 is shown below:-

 

 

Year

Total Finished Steel

Import  (mt)

Consumption (mt)

%Share of Import in Consumption

2020-21

4.75

94.89

5.0

Source:  JPC; mt=million tonnes

 

India is second largest producer of steel in the world and is net exporter. Certain kind of steel is also imported. The following steps have been taken by the Government to increase steel production in the country:-

 

(i)        Notification of Domestically Manufactured Iron &. Steel Products (DMI&SP) Policy for promoting procurement of Made in India steel.

(ii)      Notification of Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.

(iii)      Issuance of Steel Quality Control Orders to stop manufacturing and import of non-standardized steel.

(iv)      Steel Import Monitoring System (SIMS) for advanced registration of steel imports.

(v)       Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of ₹6,322 crores.

(vi)      Establishment of Project Development Cell in the Ministry to attract and facilitate investment in the steel sector.

This information was given by Union Minister of Steel Shri Ram Chandra Prasad Singh in a written reply in the Rajya Sabha today.

 

********

M.V./A.K.N./S.K.



(Release ID: 1810571)