Lok Sabha Question No. 927 (UNSTARRED), answered on 2021-02-08
Subject: Revenue Earned from Steel
Ministry: STEEL
Asked by: Pratima Mondal

THE MINISTER OF STEEL

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA UNSTARRED QUESTION NO.927

FOR ANSWER ON 08/02/2021

## REVENUE EARNED FROM STEEL

927. SHRIMATI PRATIMA MONDAL:

Will the Minister of STEEL be pleased to state:

- (a) the quantity of steel being exported and the revenue earned therefrom during each of the last three years and the current year, country-wise;
- (b) whether the export oriented policy of steel is the primary cause for escalation of steel prices in the domestic market; and
- (c) if  so,  the  details  thereof  and  the  corrective  measures  taken/proposed  to  be taken by the Government to bring down the prices?

## ANSWER

(SHRI DHARMENDRA PRADHAN)

- (a) The quantity of steel being exported and the revenue earned therefrom during each  of  the  last  three  years  and  the  current  year  country-wise  are  annexed  at Annexure-IA and Annexure-IB respectively.
- (b) Steel, being a de-regulated sector, the domestic steel price is determined by various factors like demand and supply, trends in prices of raw materials and is also influenced  by  global  conditions.  The  Important  factors  contributing  to  increase  in prices in recent months inter alia include the demand-supply mismatch and the lock down  following  the  Covid-19  pandemic  with  only  partial  resumption  in  economic activities across the globe, especially in Europe, Japan and South Korea.
- (c) The Government has taken steps to increase availability of steel by ramping up  production  of  iron  ore  to  help  stabilise  the  prices.  Government  has  also announced following measures in Budget 2021-22:-
- (i) Reduction in Basic Custom Duty on Semis, certain flat products of non-alloy steel  and  alloy  steel,  long  products  of  non  alloy,  alloy  and  stainless  steel to 7.5%.
- (ii) Reduction in Basic Custom Duty for specified period on Iron and Steel Scrap to "NIL".
- (iii) Reduction in Basic  Custom  Duty  on raw material for manufacture of CRGO from 2.5% to "NIL".
- (iv) Temporary revocation of Anti-Dumping duty (ADD)/Countervailing Duty on - (i) Straight Length Bars and Rods (ii) High-Speed Steel of Non-Cobalt Grade (iii) Aluminum-Zinc coated flat rolled steel product (iv) Cold rolled and hot  rolled stainless steel products.
- (v) Revocation of CVD on Flat Products of Stainless Steel and discontinuation of ADD on Cold Rolled Flat Stainless Steel Products.

********

## Annexure-IA

| Export of Total Finished Steel (Quantity in '000 Ton)   | Export of Total Finished Steel (Quantity in '000 Ton)   | Export of Total Finished Steel (Quantity in '000 Ton)   | Export of Total Finished Steel (Quantity in '000 Ton)   | Export of Total Finished Steel (Quantity in '000 Ton)   |
|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|---------------------------------------------------------|
| Country Argentina                                       | 2017-18                                                 | 2018-19                                                 | 2019-20 2                                               | April-December, 2020*                                   |
| Australia                                               | 50 26                                                   | 1 49                                                    | 18                                                      | 21 22                                                   |
| Bangladesh                                              | 149                                                     | 115                                                     | 184                                                     | 131                                                     |
| Belgium                                                 | 976                                                     | 617                                                     | 403                                                     | 266                                                     |
| Canada                                                  | 50                                                      | 53                                                      | 60                                                      | 26                                                      |
| Chile                                                   | 6                                                       | 3                                                       | 30                                                      | 2                                                       |
| China                                                   | 26                                                      | 3                                                       | 73                                                      | 2050                                                    |
| Colombia                                                | 16                                                      | 18                                                      | 19                                                      | 7                                                       |
| Djibouti                                                | 38                                                      | 46                                                      | 47                                                      | 2                                                       |
| Ecuador                                                 | 19                                                      | 6                                                       | 8                                                       | 5                                                       |
| Egypt                                                   | 61                                                      | 64                                                      | 15                                                      | 52                                                      |
| Ethiopia                                                | 106                                                     | 97                                                      | 47                                                      | 17                                                      |
| France                                                  | 9                                                       | 17                                                      | 27                                                      | 1                                                       |
| Germany                                                 | 41                                                      | 23                                                      | 25                                                      | 14                                                      |
| Ghana                                                   | 27                                                      | 14                                                      | 17                                                      | 7                                                       |
| Greece                                                  | 33                                                      | 10                                                      | 33                                                      | 30                                                      |
| Indonesia                                               | 197                                                     | 87                                                      | 102                                                     | 20                                                      |
| Iran                                                    | 63                                                      | 8                                                       | 3                                                       | 1                                                       |
| Italy                                                   | 1239                                                    | 833                                                     | 793                                                     | 579                                                     |
| Japan                                                   | 6                                                       | 0                                                       | 2                                                       | 1                                                       |
| Kenya                                                   | 40                                                      | 4                                                       | 7                                                       | 36                                                      |
| Korea                                                   | 43                                                      | 60                                                      | 29                                                      | 17                                                      |
| Kuwait                                                  | 22                                                      | 20                                                      | 16                                                      | 12                                                      |
| Madagascar                                              | 8                                                       | 2                                                       | 1                                                       | 1                                                       |
| Malaysia                                                | 363                                                     | 206 36                                                  | 168                                                     | 50                                                      |
| Mexico                                                  | 118                                                     |                                                         | 20                                                      | 15                                                      |
| Myanmar                                                 | 201                                                     | 29                                                      | 58                                                      | 87                                                      |
| Nepal                                                   | 661                                                     | 837                                                     | 955                                                     | 520                                                     |
| Netherlands                                             | 52                                                      | 29                                                      | 27                                                      | 17                                                      |
| Oman                                                    | 55                                                      | 58                                                      | 162                                                     | 82                                                      |
| Peru                                                    | 33                                                      | 3                                                       | 2                                                       | 3                                                       |
| Philippines                                             | 51                                                      | 2                                                       | 25                                                      | 1                                                       |
| Poland                                                  | 139                                                     | 73                                                      | 67                                                      | 48                                                      |
| Portugal Qatar                                          | 109                                                     | 62                                                      | 102 38                                                  | 92 41                                                   |
|                                                         | 30                                                      | 26                                                      |                                                         |                                                         |
| Romania                                                 | 34                                                      | 26                                                      | 43                                                      | 39                                                      |
| Russia                                                  | 24                                                      | 10                                                      | 26                                                      | 39                                                      |
| Saudi Arabia                                            | 270                                                     | 122                                                     | 172                                                     | 189                                                     |
| Singapore                                               | 174                                                     | 18                                                      | 13                                                      | 23                                                      |
| Somalia                                                 | 16                                                      | 8                                                       | 5                                                       | 3                                                       |
| South Africa                                            | 13                                                      | 6                                                       | 5                                                       | 27                                                      |
| Spain                                                   | 566                                                     | 352                                                     | 280                                                     | 227                                                     |
| Sri Lanka                                               | 172                                                     | 85                                                      | 141                                                     | 100                                                     |
| Sweden                                                  | 16                                                      | 3                                                       | 6                                                       | 3                                                       |
| Taiwan                                                  | 81                                                      | 22                                                      | 190                                                     | 87                                                      |
| Thailand                                                | 98                                                      | 71                                                      | 88                                                      | 103                                                     |
| Turkey                                                  | 183                                                     | 68                                                      | 40                                                      | 18                                                      |
| United Kingdom (UK)                                     | 121                                                     | 83                                                      | 83                                                      | 67                                                      |
| UAE                                                     | 715                                                     | 680                                                     | 865                                                     | 666                                                     |
| USA                                                     | 325                                                     | 98                                                      | 51                                                      | 20                                                      |
| Vietnam                                                 | 929                                                     | 709                                                     | 2337                                                    | 1917                                                    |
| Others                                                  | 819                                                     | 487                                                     | 427                                                     | 509                                                     |
| Total                                                   | 9620                                                    | 6361                                                    | 8355                                                    | 8314                                                    |
| *Provisional, Source: Joint Plant Committee (JPC)       | *Provisional, Source: Joint Plant Committee (JPC)       | *Provisional, Source: Joint Plant Committee (JPC)       | *Provisional, Source: Joint Plant Committee (JPC)       | *Provisional, Source: Joint Plant Committee (JPC)       |

## Annexure-IB

| Export of Total Finished Steel (Value in ₹ Crore)   | Export of Total Finished Steel (Value in ₹ Crore)   | Export of Total Finished Steel (Value in ₹ Crore)   | Export of Total Finished Steel (Value in ₹ Crore)   | Export of Total Finished Steel (Value in ₹ Crore)   |
|-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------|-----------------------------------------------------|
| Country                                             | 2017-18                                             | 2018-19                                             | 2019-20                                             | April-December, 2020*                               |
| Argentina                                           | 275                                                 | 18                                                  | 26                                                  | 122                                                 |
| Australia                                           | 173                                                 | 313                                                 | 158                                                 | 173                                                 |
| Bangladesh                                          | 613                                                 | 539                                                 | 700                                                 | 552                                                 |
| Belgium                                             | 4697                                                | 3671                                                | 2503                                                | 1376                                                |
| Canada                                              | 308                                                 | 445                                                 | 486                                                 | 249                                                 |
| Chile                                               | 53                                                  | 28                                                  | 189                                                 | 18                                                  |
| China                                               | 127                                                 | 86                                                  | 374                                                 | 6049                                                |
| Colombia                                            | 109                                                 | 130                                                 | 97                                                  | 40                                                  |
| Djibouti                                            | 206                                                 | 272                                                 | 224                                                 | 16                                                  |
| Ecuador                                             | 109                                                 | 43                                                  | 44                                                  | 29                                                  |
| Egypt                                               | 238                                                 | 407                                                 | 124                                                 | 333                                                 |
| Ethiopia                                            | 557                                                 | 635                                                 | 303                                                 | 108                                                 |
| France                                              | 77                                                  | 101                                                 | 125                                                 | 12                                                  |
| Germany                                             | 608                                                 | 421                                                 | 441                                                 | 265                                                 |
| Ghana                                               | 153                                                 | 83                                                  | 81                                                  | 42                                                  |
| Greece                                              | 201                                                 | 72                                                  | 192                                                 | 179                                                 |
| Indonesia                                           | 1345                                                | 785                                                 | 748                                                 | 188                                                 |
| Iran                                                | 397                                                 | 80                                                  | 39                                                  | 17                                                  |
| Italy                                               | 5286                                                | 4082                                                | 3508                                                | 2552                                                |
| Japan Kenya                                         | 27 157                                              | 5 25                                                | 22 39                                               | 12 128                                              |
| Korea                                               |                                                     |                                                     | 339                                                 |                                                     |
|                                                     | 408                                                 | 436                                                 |                                                     | 255                                                 |
| Kuwait                                              | 104                                                 | 123                                                 | 75                                                  | 57                                                  |
| Malaysia                                            | 1301                                                | 872                                                 | 642                                                 | 210                                                 |
|                                                     |                                                     |                                                     |                                                     | 128                                                 |
| Mexico                                              | 623                                                 | 275                                                 | 190                                                 |                                                     |
| Myanmar                                             | 672                                                 | 116                                                 | 182                                                 | 276                                                 |
| Nepal                                               | 2263                                                | 3458                                                | 3418                                                | 1837                                                |
| Netherlands                                         | 440                                                 | 257                                                 | 266                                                 | 194                                                 |
| Peru                                                | 179                                                 | 24                                                  | 20                                                  | 18                                                  |
| Oman                                                | 193                                                 | 276                                                 | 667                                                 | 397                                                 |
| Philippines                                         | 185                                                 | 19                                                  | 84                                                  | 10                                                  |
| Poland                                              | 879                                                 | 535                                                 | 570                                                 | 425                                                 |
| Qatar                                               | 153                                                 | 163                                                 | 198                                                 | 202                                                 |
| Portugal                                            | 3776                                                | 380                                                 | 497                                                 | 473                                                 |
| Romania                                             | 202                                                 | 169                                                 | 266                                                 | 247                                                 |
| Russia                                              | 364                                                 | 185                                                 | 420                                                 | 554                                                 |
| Singapore                                           | 581                                                 |                                                     |                                                     | 91                                                  |
|                                                     |                                                     | 94                                                  | 63                                                  |                                                     |
| Somalia                                             | 88                                                  | 51                                                  | 30                                                  | 14                                                  |
| South Africa                                        | 122 2530                                            | 72                                                  | 62                                                  | 114 935                                             |
| Spain                                               |                                                     | 1985                                                | 1366                                                |                                                     |
| Sri Lanka                                           | 675                                                 | 414                                                 | 572                                                 | 450                                                 |
| Sweden                                              | 104                                                 | 27                                                  | 41                                                  | 24                                                  |
| Taiwan                                              | 370                                                 | 142                                                 | 657                                                 | 312                                                 |
| Thailand                                            | 368                                                 | 353                                                 | 342                                                 | 371                                                 |
| Turkey United Kingdom (UK)                          | 868                                                 | 368                                                 | 278                                                 | 205                                                 |
|                                                     | 561                                                 | 451                                                 | 387                                                 | 273                                                 |
| UAE                                                 |                                                     |                                                     | 3497                                                | 2580                                                |
| USA                                                 | 2738 1900                                           | 3143 933                                            | 571                                                 | 302                                                 |
| Vietnam Others                                      | 3124 3889                                           | 2594 2417                                           | 7519 2274                                           | 5941 2495                                           |
| Total *Provisional, Source:                         | 46629 Joint Plant                                   | 33153 Committee (JPC)                               | 36726                                               | 32718                                               |