Ministry of Steel
azadi ka amrit mahotsav

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.

*****

AL/AKN


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