Ministry of Steel
azadi ka amrit mahotsav

PERFORMANCE OF STEEL SECTOR

Posted On: 06 DEC 2024 6:01PM by PIB Delhi

Steel is a deregulated sector and the government acts as a facilitator. The following table indicates the growth of steel production and consumption during the last five years:-

Year

Crude Steel (in MnT)

Finished Steel  (in MnT)

Production

Production

Consumption

2019-20

109.14

102.62

100.17

2020-21

103.54

96.20

94.89

2021-22

120.29

113.60

105.75

2022-23

127.20

123.20

119.89

2023-24

144.30

139.15

136.29

Apr-Oct ‘23

82.47

79.13

76.01

Apr-Oct ‘24

85.40

82.81

85.70

Source: Joint Plant Committee(JPC)

State-wise details of finished steel production for the financial year from 2019-20 to 2023-24 is provided in the annexure.

The impact of steel sector on other sectors like construction, automotive and defence is as follows:-

Construction Sector: Steel is integral to the construction of large-scale infrastructure projects such as highways, bridges, railways, and metro systems. The demand for steel products, including TMT bars, rebar, and wire rods, is linked to infrastructure expansion initiatives of the government like Bharatmala and Sagarmala and affordable housing programs like Pradhan Mantri Awas Yojana (PMAY).

Automotive Sector: Steel is used in manufacturing a wide range of components, including chassis, body panels, and engine parts. As the automotive industry continues to grow—fueled in part by initiatives such as Make in India—the demand for high-quality steel products has expanded. Steel’s combination of strength and lightness is critical for meeting stringent safety standards while also improving fuel efficiency, making it a key material in modern vehicle production.

Defence Sector: The need for specialized, high-strength steel alloys has risen alongside increasing defense investments to strengthen the country’s military capabilities. Beyond equipment, steel is crucial in constructing defense infrastructure, such as military bases and storage facilities, roads and bridges which require durable and resilient materials to ensure long-term security and stability.

This information was given by the Union Minister for for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Rajya Sabha today.

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MG/KSR

Annexure

 

Finished Steel production - State Wise (in 000't)

 

 

 

State

2019-20

2020-21

2021-22

2022-23

2023-24

 

 

Andhra Pradesh

5165

4207

5556

5692

6062

 

 

Arunachal Pradesh

16

0

0

14

20

 

 

Assam

62

73

96

154

187

 

 

Bihar

666

647

740

916

932

 

 

Chandigarh

0

0

0

0

0

 

 

Chhattisgarh

10516

10070

11906

13140

15780

 

 

Dadra and Nagar Haveli & Daman and Diu

206

115

128

151

15

 

 

Delhi

13

25

29

13

161

 

 

Goa

522

380

381

433

476

 

 

Gujarat

9240

8779

10267

9436

11414

 

 

Haryana

580

642

762

718

829

 

 

Himachal Pradesh

786

655

1036

1236

1525

 

 

Jammu and Kashmir

268

244

329

330

340

 

 

Jharkhand

16499

14766

17267

18333

19796

 

 

Karnataka

11630

10856

11884

12282

12837

 

 

Kerala

465

441

523

592

556

 

 

Madhya Pradesh

543

497

828

982

1347

 

 

Maharashtra

8683

8677

11378

14454

16260

 

 

Meghalaya

58

41

52

71

68

 

 

Odisha

17109

16957

18454

19648

21747

 

 

Puducherry

322

308

317

383

457

 

 

Punjab

4453

4390

5196

5222

6117

 

 

Rajasthan

1982

1692

1876

2061

2246

 

 

Tamil Nadu

2646

2340

2734

3283

3811

 

 

Telangana

1737

1728

2089

2529

2971

 

 

Tripura

14

7

18

12

19

 

 

Uttar Pradesh

2421

1898

1992

2244

2737

 

 

Uttarakhand

685

571

571

577

619

 

 

West Bengal

5334

5197

7188

8290

9824

 

 

Total

102621

96204

113597

123196

139153

 

 

Source: Joint Plant Committee(JPC)

 

 

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