Ministry of Steel
Stainless Steel Production in the country
Posted On:
03 APR 2023 4:44PM by PIB Delhi
Details of consumption of stainless steel in the country: -
Year
|
Total Finished Stainless Steel Consumption Qty. (million tons)
|
|
April - February 2022-23*
|
3.179
|
|
April - March 2021-22
|
3.044
|
|
Source: Joint Plant Committee (JPC); *provisional (JPC MIS Report)
|
Details of the current stainless-steel production in the country: -
Year
|
Total Finished Stainless Steel Production Qty. (million tons)
|
|
April - February 2022-23*
|
2.499
|
|
April - March 2021-22
|
2.811
|
|
Source: Joint Plant Committee(JPC); *provisional (JPC MIS Report)
|
The details of country-wise import, along with the quantum of steel being imported, during last year and current year is given at Annexure-I.
Steel is a deregulated sector and the role of the Government is that of a facilitator. Decisions such as production are market driven, and are taken by the steel companies based on techno-commercial considerations. Government has notified the following steps to encourage the domestic steel production, which include:-
- Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting procurement of Made in India steel.
- Steel Quality Control Order to stop manufacturing and import of non-standardized steel.
- Steel Import Monitoring System (SIMS) for advanced registration of steel imports.
- Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of ₹6322 Crore.
Annexure-I
Country wise Quantity of Steel Imports
(Quantity in thousand tonne)
|
Country
|
2021-22
|
2022-23*
(April-Feb)
|
|
Quantity
|
Quantity
|
|
Argentina
|
1
|
0
|
|
Australia
|
1
|
0
|
|
Austria
|
9
|
8
|
|
Baharain
|
5
|
1
|
|
Bangladesh
|
0
|
5
|
|
Belgium
|
28
|
30
|
|
Brazil
|
6
|
3
|
|
Canada
|
10
|
10
|
|
China
|
833
|
1340
|
|
Czech Rep
|
1
|
2
|
|
Denmark
|
2
|
1
|
|
Finland
|
5
|
6
|
|
France
|
58
|
73
|
|
Germany
|
151
|
99
|
|
Indonesia
|
241
|
143
|
|
Iran
|
0
|
0
|
|
Italy
|
34
|
28
|
|
Japan
|
664
|
768
|
|
Kazakhstan
|
1
|
6
|
|
Korea
|
2009
|
2036
|
|
Kuwait
|
3
|
3
|
|
Malaysia
|
8
|
17
|
|
Nepal
|
9
|
53
|
|
Netherlands
|
13
|
4
|
|
New Zeland
|
0
|
1
|
|
Oman
|
5
|
7
|
|
Poland
|
7
|
6
|
|
Portugal
|
2
|
2
|
|
Romania
|
1
|
1
|
|
Russia
|
55
|
310
|
|
Saudi Arabia
|
14
|
8
|
|
Singapore
|
8
|
6
|
|
Slovenia
|
6
|
4
|
|
South Africa
|
8
|
5
|
|
Spain
|
27
|
20
|
|
Sweden
|
39
|
46
|
|
Switzerland
|
1
|
1
|
|
Taiwan
|
194
|
158
|
|
Thailand
|
25
|
51
|
|
Turkey
|
2
|
2
|
|
U.K.
|
6
|
4
|
|
UAE
|
24
|
11
|
|
Ukraine
|
22
|
6
|
|
USA
|
29
|
15
|
|
Vietnam
|
75
|
286
|
|
Others
|
26
|
5
|
|
TOTAL
|
4669
|
5592
|
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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