Details of quantity of domestic production of total finished steel and import of total finished steel during last three years and current year is given below:-
|
Period |
Total Finished Steel |
|
|
Domestic Production Qty. (in mt) |
Import Qty. (in mt) |
|
|
2018-19 |
101.29 |
7.84 |
|
2019-20 |
102.62 |
6.77 |
|
2020-21 |
96.20 |
4.75 |
|
April-December, 2021* |
83.00 |
3.46 |
|
Source: JPC (Joint Plant Committee) ; mt=million tonnes; *provisional |
||
There has been decline in the import of steel during the last three years. Steel being a deregulated sector, commercial decisions such as production, import and export are completely market driven, and are taken by the steel companies based on techno-commercial considerations. In its role as a facilitator, Government has taken the following steps to protect and promote the domestic steel industry, which include:-
- i. Notification of Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting procurement of Made in India steel.
- Notification of Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.
- Issuance of 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 ₹6,322 crores.
- Establishment of Project Development Cell in the Ministry to attract and facilitate investment in the steel sector.
This information was given by the Union Minister for Steel Shri Ram Chandra Prasad Singh in a written reply in the Lok Sabha today.
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M.V./A.K.N/S.K.
