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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AL/AKN

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