Ministry of Steel
DOMESTIC STEEL MANUFACTURERS
Posted On:
03 DEC 2024 5:09PM by PIB Delhi
The quantity of finished steel imported from various countries from 2018-19 to April-October 2024-25 is placed at Annexure-1.
Steel is a de-regulated sector. The Government acts as a facilitator, by creating a conducive policy environment for the development of steel sector across all States in the country.
The Government has taken the following measures to achieve the target of 300 MT crude steel capacity and increase domestic steel production in the country:-
- Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting ‘Made in India’ steel for Government procurement.
- Launching of the Production Linked Incentive (PLI) Scheme for Specialty Steel to promote the manufacturing of 'Specialty Steel' within the country and reduce imports by attracting capital investments. The anticipated additional investment under the PLI Scheme for Specialty Steel is Rs. 29,500 crores with an additional capacity creation of around 25 million tonnes (MT) for specialty steel.
- In the Union Budget 2024-25, Basic Customs Duty (BCD) has been reduced from 2.5% to Nil on Ferro-Nickel and Molybdenum ores and concentrates which are raw materials for steel industry. BCD exemption on Ferrous Scrap and specified raw material for manufacture of CRGO steel has been continued upto 31.03.2026.
- Revamping of Steel Import Monitoring System (SIMS) 2.0 for more effective monitoring of imports to address the concerns of domestic steel industry.
- Coordination with Ministries and States, besides other countries for facilitating the availability of raw material for steel making on more favourable terms.
- Notification of Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.
- Introduction of Steel Quality Control Order thereby banning sub-standard/ defective steel products in domestic market as well as imports to ensure the availability of quality steel to the industry, users and public at large. As per the order, it is ensured that only quality steels conforming to the relevant BIS standards is made available to the end users. As on date, 151 Indian Standards stands notified under the Quality Control Order covering carbon steel, alloy steel and stainless steel.
This information was given by the Union Minister for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Lok Sabha today.
*****
MG/KSR
Annexure-1
|
IMPORT OF FINISHED STEEL ('000 tonnes)
|
|
Country
|
2019-20
|
2020-21
|
2021-22
|
2022-23
|
2023-24
|
April-October 2024-25*
|
|
ARGENTINA
|
26
|
7
|
1
|
0
|
0
|
0
|
|
AUSTRALIA
|
4
|
2
|
1
|
0
|
1
|
1
|
|
AUSTRIA
|
13
|
71
|
9
|
10
|
52
|
4
|
|
BAHARAIN
|
10
|
14
|
5
|
1
|
3
|
5
|
|
BANGLADESH
|
0
|
0
|
0
|
6
|
3
|
1
|
|
BELGIUM
|
74
|
56
|
28
|
33
|
17
|
10
|
|
BRAZIL
|
23
|
5
|
6
|
3
|
1
|
1
|
|
CANADA
|
20
|
17
|
10
|
11
|
6
|
2
|
|
CHINA
|
1207
|
843
|
833
|
1407
|
2687
|
1742
|
|
CZECH REP
|
2
|
0
|
1
|
2
|
4
|
2
|
|
DENMARK
|
3
|
2
|
2
|
1
|
1
|
1
|
|
FINLAND
|
9
|
5
|
5
|
7
|
6
|
3
|
|
FRANCE
|
56
|
121
|
58
|
77
|
15
|
57
|
|
GERMANY
|
135
|
146
|
151
|
112
|
80
|
66
|
|
INDONESIA
|
464
|
79
|
241
|
148
|
94
|
56
|
|
IRAN
|
0
|
0
|
0
|
0
|
0
|
0
|
|
ITALY
|
81
|
33
|
34
|
31
|
23
|
24
|
|
JAPAN
|
1018
|
560
|
664
|
841
|
1274
|
1268
|
|
KAZAKHSTAN
|
3
|
11
|
1
|
6
|
0
|
0
|
|
KOREA
|
2687
|
1947
|
2009
|
2228
|
2670
|
1527
|
|
KUWAIT
|
8
|
3
|
3
|
3
|
9
|
4
|
|
MALAYSIA
|
51
|
42
|
8
|
20
|
6
|
3
|
|
NEPAL
|
6
|
6
|
9
|
59
|
120
|
70
|
|
NETHERLANDS
|
11
|
20
|
13
|
4
|
3
|
1
|
|
NEWZELAND
|
1
|
1
|
0
|
1
|
1
|
1
|
|
OMAN
|
4
|
12
|
5
|
7
|
11
|
10
|
|
POLAND
|
8
|
5
|
7
|
6
|
3
|
2
|
|
PORTUGAL
|
2
|
1
|
2
|
2
|
0
|
1
|
|
ROMANIA
|
3
|
1
|
1
|
2
|
17
|
1
|
|
RUSSIA
|
71
|
63
|
55
|
313
|
53
|
76
|
|
SAUDI ARABIA
|
8
|
36
|
14
|
9
|
39
|
4
|
|
SINGAPORE
|
139
|
43
|
8
|
6
|
4
|
5
|
|
SLOVENIA
|
11
|
7
|
6
|
4
|
1
|
3
|
|
SOUTH AFRICA
|
22
|
15
|
8
|
5
|
7
|
9
|
|
SPAIN
|
32
|
20
|
27
|
21
|
5
|
3
|
|
SWEDEN
|
23
|
27
|
39
|
48
|
20
|
20
|
|
SWITZERLAND
|
1
|
1
|
1
|
1
|
1
|
1
|
|
TAIWAN
|
165
|
186
|
194
|
163
|
185
|
89
|
|
THAILAND
|
52
|
50
|
25
|
53
|
58
|
60
|
|
TURKEY
|
5
|
8
|
2
|
3
|
3
|
1
|
|
U.K.
|
17
|
11
|
6
|
5
|
4
|
3
|
|
UAE
|
21
|
21
|
24
|
12
|
52
|
17
|
|
UKRAINE
|
84
|
31
|
22
|
7
|
1
|
2
|
|
USA
|
65
|
54
|
29
|
17
|
20
|
12
|
|
VIETNAM
|
86
|
133
|
75
|
320
|
737
|
598
|
|
Others
|
39
|
39
|
26
|
6
|
24
|
5
|
|
TOTAL
|
6768
|
4752
|
4669
|
6022
|
8320
|
5768
|
|
Source: Joint Plant Committee(JPC); *provisional
|
(Release ID: 2080165)
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