Steel is a deregulated sector. Government has no role in commercial decisions such as import of steel or a particular type of steel by individual companies. The production and consumption of long steel products mainly used in real estate sector, i.e., Bars and Rods and Structurals are as given below: -

                                                                                                            (In million tonne)

Year		Bars & Rods	Structurals
2019-20	Production	40.33	7.49
	Consumption	39.33	7.17
	Import	0.27	0.04
2020-21	Production	37.17	6.49
	Consumption	39.68	6.56
	Import	0.14	0.03
2021-22	Production	47.20	7.48
	Consumption	46.00	7.24
	Import	0.06	0.01
2022-23 (April-February)**	Production	45.97	7.63
	Consumption	45.17	7.32
	Import	0.11	0.01
Source: Joint Plant Committee (JPC); **Provisional

                       

            The Production and Consumption of finished steel have increased in FY 2021-22 and 2022-23 as compared to pandemic periods during FY 2019-20 and 2020-21 as per the data given below: -

                                                                                                            (In million tonne)

Total Finished Steel	2019-20		2020-21		2021-22		2022-23 (April-February)**
	Prod.	Cons.	Prod.	Cons.	Prod.	Cons.	Prod.	Cons.
	102.6	100.1	96.2	94.9	113.6	105.8	110.4	108.1
Source: Joint Plant Committee (JPC); **Provisional; Prod-Production; Cons-Consumption

 

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.

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