Data on crude steel production by India during the last three years i.e. 2014-15, 2015-16 and 2016-17 and April-May 2017-18 is given below:-
Year | Crude steel production (mt) | Annual Increase i.e. % change over last year (%) |
2014-15 | 88.98 | 8.9 |
2015-16 | 89.79 | 0.9 |
2016-17 | 97.44 | 8.5 |
April-May 2017 | 16.44 | 4.8 |
Data on finished steel production by India during the last three years i.e. 2014-15, 2015-16 and 2016-17 and April-May, 2017-18 is given below:-
Year | Total Finished Steel Production for sale (mt) | Annual Increase i.e. % change over last year(%) |
2014-15 | 92.16 | 5.1 |
2015-16 | 90.98 | -1.3 |
2016-17 | 100.74 | 10.7 |
April-May 2017 | 17.48 | 6.4 |
Consumption of finished steel grew by 2.6% in 2016-17 whereas production grew by 8.5% over previous financial year. India was net exporter of steel in 2016-17 and thus production of finished steel was sufficient to meet its present demand in the country and also for exports.
Steel being a de-regulated sector, the role of Government is that of a facilitator only, which lays down the policy guidelines and establishes the institutional mechanism/structure for creating conducive environment for improving efficiency and performance of the steel sector.
In this role, the Government has released the National Steel Policy 2017, which has laid down the broad roadmap for encouraging long-term growth for the Indian steel industry.
Following is list of Top Steel Exporting Countries:
EXPORT OF TOTAL FINISHED STEEL (‘000 tonnes) | ||||
Country | 2014-15 | 2015-16 | 2016-17 | April-May 2017 |
AUSTRALIA | 49.29 | 29.38 | 35.65 | 5.59 |
BAHARIN | 8.48 | 12.41 | 7.60 | 0.95 |
BANGLADESH | 136.5 | 55.06 | 137.52 | 17.9 |
BELGIUM | 198.39 | 287.42 | 1112.31 | 173.57 |
BRAZIL | 42.95 | 11.98 | 42.93 | 11.35 |
CANADA | 132.95 | 17.32 | 33.64 | 5.87 |
CHILE | 9.51 | 18.35 | 11.8 | 0.56 |
CHINA | 3.32 | 3.92 | 4.00 | 0.45 |
COLOMBIA | 34.03 | 15.90 | 18.47 | 4.63 |
CONGO | 3.83 | 3.25 | 1.39 | 0.1 |
DENMARK | 9.69 | 8.90 | 5.63 | 1.08 |
DJIBOUTI | 21.45 | 22.98 | 32.06 | 2.97 |
ECUADOR | 31.99 | 16.78 | 42.77 | 5.49 |
EGYPT | 9.82 | 17.30 | 11.93 | 20.67 |
ETHIOPIA | 133.58 | 157.82 | 147.64 | 22.63 |
FINLAND | 0.59 | 14.33 | 3.30 | 0.76 |
FRANCE | 9.46 | 19.75 | 15.44 | 0.84 |
GERMANY | 54.84 | 47.13 | 68.67 | 9.22 |
GHANA | 39.25 | 41.24 | 47.52 | 6 |
GREECE | 12.2 | 46.57 | 19.58 | 3.25 |
INDONESIA | 83.87 | 118.33 | 233.77 | 54.34 |
IRAN | 495.8 | 321.43 | 144.01 | 20.59 |
IRAQ | 8.27 | 30.84 | 3.01 | 0.64 |
ISRAEL | 5.47 | 6.66 | 7.31 | 1.27 |
ITALY | 470.86 | 345.41 | 942.92 | 205.39 |
JAPAN | 0.48 | 0.56 | 0.64 | 0.17 |
JORDAN | 0.73 | 1.89 | 0.53 | 0.01 |
KENYA | 61.28 | 45.65 | 30.55 | 3.74 |
KOREA | 26.63 | 26.57 | 34.9 | 10.09 |
KUWAIT | 12.83 | 28.16 | 36.66 | 2.24 |
MADAGASCAR | 11.81 | 15.91 | 12.74 | 0.56 |
MALAYASIA | 96.55 | 46.31 | 391.72 | 37.6 |
MALDIVES | 4.32 | 9.17 | 15.26 | 1.56 |
MEXICO | 45.29 | 52.66 | 169.53 | 37.69 |
MOROCCO | 1.44 | 2.52 | 6.08 | 0.22 |
MYANMAR | 29.48 | 18.49 | 68.99 | 10.67 |
NEPAL | 236.35 | 310.54 | 464.73 | 59.16 |
NIGERIA | 30.36 | 39.37 | 11.39 | 4.46 |
PERU | 44.33 | 71.16 | 40.25 | 6.5 |
PHILIPPINES | 6.08 | 7.20 | 14.45 | 0.88 |
POLAND | 34.56 | 39.19 | 64.94 | 39.34 |
QATAR | 11.55 | 9.03 | 17.78 | 4.74 |
ROMANIA | 27.69 | 27.24 | 20.75 | 5.61 |
RUSSIA | 27.85 | 20.56 | 23.45 | 5.64 |
SAUDI ARABIA | 248.86 | 60.50 | 118.57 | 35.29 |
SOUTH AFRICA | 36.89 | 19.60 | 56.94 | 5.2 |
SPAIN | 180.41 | 155.44 | 440.06 | 103.08 |
SRI LANKA | 138 | 100.51 | 140.15 | 27.25 |
SWEDEN | 4.48 | 3.16 | 9.45 | 7.71 |
TAIWAN | 129.46 | 12.90 | 70.67 | 18.27 |
TANZANIA | 41.18 | 25.75 | 9.33 | 1.32 |
THAILAND | 188.13 | 69.80 | 126.4 | 40.38 |
TURKEY | 49.66 | 44.66 | 74.61 | 26.12 |
U.K. | 64.56 | 39.34 | 172.92 | 22.5 |
UAE | 606.05 | 315.93 | 674.44 | 106.71 |
UKRAINE | 10.89 | 1.05 | 3.21 | 0.66 |
USA | 501.29 | 295.63 | 273.58 | 76.15 |
VIETNAM | 163.12 | 38.11 | 961.26 | 31.25 |
OTHERS | 516.03 | 453.97 | 557.00 | 79.12 |
TOTAL | 5595 | 4079 | 8245 | 1388 |