Lok Sabha Question No. 5463 (UNSTARRED), answered on 2023-04-05
Subject: Future Development Plan for Steel Sector
Ministry: STEEL
Asked by: Sunil Kumar Mondal

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA UNSTARRED QUESTION NO. 5463

FOR ANSWER ON 05.04.2023

## FUTURE DEVELOPMENT PLAN FOR STEEL SECTOR

5463.   SHRI SUNIL KUMAR MONDAL:

Will the Minister of STEEL be pleased to state:

- (a) the details of the total revenue earned from Steel sector in the country during the last three years and the current year, year-wise and State/UT-wise;
- (b) the  details  of  the  percentage  of  investment  made  for  new  steel  sector schemes/policies, year-wise and State/UT-wise specially West Bengal;
- (c) whether there is any future development plan for the steel sector in the country; and
- (d) if so, the details thereof and if not, the reasons therefor?

## ANSWER

(SHRI FAGGAN SINGH KULASTE)

THE MINISTER OF STATE IN THE MINISTRY OF STEEL

- (a) The State/UT wise Revenue data is not maintained. However, the revenue data has  been  collected  from  imports  in  Total  BCD  (Basic  Customs  Duty)  and  IGST (Integrated GST) from HSN Chapter 72 (Steel Sector) and HSN Chapter 73 (Steel Sector) which are as follows:-

Import Related Revenue data for Chapter 72 (Iron & Steel)

| Year                                                    | 2019-20                                                 | 2020-21                                                 | 2021-22                                                 | 2022-23 (Apr.- Feb.)                                    |
|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|
| BCD                                                     | 1,635                                                   | 1,356                                                   | 1,217                                                   | 1,685                                                   |
| IGST                                                    | 12,588                                                  | 9,906                                                   | 15,743                                                  | 22,195                                                  |
| Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr |

Import Related Revenue data for Chapter 73 (Iron & Steel)

| Year                                                    | 2019-20                                                 | 2020-21                                                 | 2021-22                                                 | 2022-23 (Apr.- Feb.)                                    |
|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|
| BCD                                                     | 1,796                                                   | 1,577                                                   | 2,157                                                   | 2,380                                                   |
| IGST                                                    | 4,687                                                   | 3,989                                                   | 5,139                                                   | 5,314                                                   |
| Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr | Source: Advait (DG Systems, CBIC), All figures in Rs Cr |

(b)to(d): Steel  is  a  deregulated  sector.  Indian  Steel  companies  take  their  own decisions  based  on  commercial  and  market  dynamics.  The  Government  act  as  a facilitator for development of steel sector in the country.

However, Government has taken following measures for development of steel sector:- i. Notification  of  National  Steel  Policy  in  2017  for  providing  policy  support  and guidance to steel producers.

ii. Notification  of  Domestically  Manufactured  Iron  &  Steel  Products  (DMI&SP) Policy for promoting procurement of Made in India Steel by government and public sector projects.

iii. Notification of Steel Scrap Recycling Policy to enhance the iv. Issuance of Steel Quality Control Orders to prevent manufacturing and import of non-standardized steel and to make available quality steel products to the public.

v. Mandating  advance  registrations  of  steel  imports  through  the  Steel  Import Monitoring System (SIMS).

vi. Notification  of  Production-Linked  Incentive  (PLI)  Scheme  for  Specialty  Steel with an outlay of ₹6,322 crores.

vii. Engagement with steel producers including industry associations and leaders of domestic steel industry for address their issues by the concerned Ministries/Departments of the Central Government and State Governments.

viii. 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 and overall demand for steel in the country.

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