Lok Sabha Question No. 5746 (UNSTARRED), answered on 2022-04-06
Subject: Steel Price
Ministry: STEEL
Asked by: Heena Vijaykumar Gavit, Shrikant Eknath Shinde, Sujay Radhakrishna Vikhepatil, Krishna Pal Singh Yadav, Aparupa  Poddar, Unmesh Bhaiyyasaheb Patil, Rajendra Dhedya  Gavit

THE MINISTER OF STEEL

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA UNSTARRED QUESTION NO.5746 FOR ANSWER ON 06/04/2022

## STEEL PRICE

5746.  DR. HEENA GAVIT:

DR. SHRIKANT EKNATH SHINDE:

DR. SUJAY RADHAKRISHNA VIKHE PATIL:

DR. KRISHNA PAL SINGH Y ADAV:

SHRIMATI APARUPA PODDAR:

SHRI UNMESH BHAIYYASAHEB PATIL:

SHRI RAJENDRA DHEDYA GAVIT:

Will the Minister of STEEL be pleased to state:

- (a) whether any steps are being taken by the Government to increase the export of steel;
- (b) if so, the details thereof and if not, the reasons therefor; and
- (c) whether the Government has taken any step to increase the investments in the aforesaid sector and if so, the details thereof?

## ANSWER

(SHRI RAM CHANDRA PRASAD SINGH)

(a)to(c):  The  Government  has  taken  following  measures  for  increasing  investment and export in the steel sector:-

- i. Notification of the following policies having impact on investment and export in the steel sector:-
- a. National Steel Policy 2017  which  envisages  inter-alia domestically meeting  the  entire  demand  of  steel  and  high-grade  automotive  steel, electrical steel, special steel and alloys for strategic applications.
- b. Domestically  Manufactured  Iron  &  Steel  Products  (DMI&SP)  Policy  for promoting procurement of Made in India steel.
- c. Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap for making steel at competitive prices.
- d. Steel Import Monitoring System (SIMS) in order to enhance production through  disseminating  advance  information  regarding  grades  of  the imports for enhancing investment and import substitution.
- e. Production-Linked  Incentive  (PLI)  Scheme  for  Specialty  Steel  with  an outlay of ₹ 6,322 Crore to promote the manufacturing of specialty steel within  the  country  for  domestic  use  and  export  by  attracting  Capital investments.

- ii. Establishment  of  Project  Development  Cell  in  the  Ministry  to  attract  and facilitate investment in the steel sector.
- iii. 'Make  in  India'  initiative  and  the  PM  Gati  Shakti  National  Master  Plan,  with further  engagement  with  potential  users,  including  from  Railways,  Defence, Petroleum  and  Natural  Gas,  Housing,  Civil  Aviation,  Road  Transport  and Highways,  Agriculture  and  Rural  Development  sectors  to  enhance  the  steel usage, overall demand for steel and investment in steel sector in the country.
- iv. Adjustments  in  basic  custom  duty  on  steel  products  and  trade  remedial measures like Anti-dumping duty (ADD), Countervailing duty (CVD) on certain raw materials and steel products to enhance competitiveness of India's steel sector.
- v. Other measures to improve Ease of Doing Business and Reducing Compliance  burden,  Market  Access  Initiatives  (MAI),  Startup  India  initiative etc. to help domestic industry in capacity creation, providing level playing field and  creating  a  conducive  business  environment  to  attract  investments  and promote exports.

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