Lok Sabha Question No. 2483 (UNSTARRED), answered on 2023-03-15
Subject: Rising Prices of Steel
Ministry: STEEL
Asked by: Bholanath (B.P. Saroj)

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA UNSTARRED QUESTION NO.2483

FOR ANSWER ON 15.03.2023

## RISING PRICES OF STEEL

2483.  SHRI BHOLANATH (B.P. SAROJ):

Will the Minister of STEEL be pleased to state:

- (a) the details of the measures taken by the Government to control the rising prices of steel across the country;
- (b) the total quantity of Iron Ore, Steel exported during the last three years; and
- (c) the country-wise details of steel imports during the said period?

## ANSWER

(SHRI FAGGAN SINGH KULASTE)

THE MINISTER OF STATE IN THE MINISTRY OF STEEL

- (a) The policy measures taken by the Government to control the rise in prices of steel  and  increase  the  domestic  availability  in  recent  times  include,  inter-alia,  the following:
- (i)  Calibration  of  import  and  export  duties  on  coking  coal,  iron  &  steel  between May-Nov'22.
- (ii)  Reduction of Basic Customs Duty uniformly to 7.5% on Semis, Flat and Long products of non-alloy, alloy and stainless steels vide Union Budget 2021-22.
- (iii)  Exemption  of  Basic  Customs Duty (BCD) on CRGO raw materials and steel scrap upto 31.03.2024
- (b) The details of export of Iron Ore and Finished Steel during 2019-20, 2020-21, 2021-22 and 2022-23 (Apr.-Feb.) are as follows:-
- (c) The details of country-wise imports of finished steel during 2019-20, 2020-21, 2021-22 and 2022-23 (Apr.-Feb.) are given at Annexure-I .

| Year                                                                                                                      | Iron Ore                                                                                                                  | Finished Steel                                                                                                            |
|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|
| 2019-20                                                                                                                   | 36.62                                                                                                                     | 8.36                                                                                                                      |
| 2020-21                                                                                                                   | 57.72                                                                                                                     | 10.78                                                                                                                     |
| 2021-22                                                                                                                   | 26.49                                                                                                                     | 13.49                                                                                                                     |
| 2022-23 (Apr.-Feb.) *                                                                                                     | 16.93                                                                                                                     | 5.90                                                                                                                      |
| Source: Joint Plant Committee (JPC) & Directorate General of Foreign Trade (DGFT); *provisional; figures in million tonne | Source: Joint Plant Committee (JPC) & Directorate General of Foreign Trade (DGFT); *provisional; figures in million tonne | Source: Joint Plant Committee (JPC) & Directorate General of Foreign Trade (DGFT); *provisional; figures in million tonne |

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## Annexure-I

| Country      |   IMPORT OF TOTAL 2019-20 |   FINISHED 2020-21 |   STEEL ('000 tonnes) 2021-22 |   2022-23 (Apr.-Feb.) |
|--------------|---------------------------|--------------------|-------------------------------|-----------------------|
| Argentina    |                        26 |                  7 |                             1 |                     0 |
| Australia    |                         4 |                  2 |                             1 |                     0 |
| Austria      |                        13 |                 71 |                             9 |                     8 |
| Bahrain      |                        10 |                 14 |                             5 |                     1 |
| Bangladesh   |                         0 |                  0 |                             0 |                     5 |
| Belgium      |                        74 |                 56 |                            28 |                    30 |
| Brazil       |                        23 |                  5 |                             6 |                     3 |
| Canada       |                        20 |                 17 |                            10 |                    10 |
| China        |                      1207 |                843 |                           833 |                  1340 |
| Czech Rep    |                         2 |                  0 |                             1 |                     2 |
| Denmark      |                         3 |                  2 |                             2 |                     1 |
| Finland      |                         9 |                  5 |                             5 |                     6 |
| France       |                        56 |                121 |                            58 |                    73 |
| Germany      |                       135 |                146 |                           151 |                    99 |
| Indonesia    |                       464 |                 79 |                           241 |                   143 |
| Iran         |                         0 |                  0 |                             0 |                     0 |
| Italy        |                        81 |                 33 |                            34 |                    28 |
| Japan        |                      1018 |                560 |                           664 |                   768 |
| Kazakhstan   |                         3 |                 11 |                             1 |                     6 |
| Korea        |                      2687 |               1947 |                          2009 |                  2036 |
| Kuwait       |                         8 |                  3 |                             3 |                     3 |
| Malaysia     |                        51 |                 42 |                             8 |                    17 |
| Nepal        |                         6 |                  6 |                             9 |                    53 |
| Netherlands  |                        11 |                 20 |                            13 |                     4 |
| New Zeland   |                         1 |                  1 |                             0 |                     1 |
| Oman         |                         4 |                 12 |                             5 |                     7 |
| Poland       |                         8 |                  5 |                             7 |                     6 |
| Portugal     |                         2 |                  1 |                             2 |                     2 |
| Romania      |                         3 |                  1 |                             1 |                     1 |
| Russia       |                        71 |                 63 |                            55 |                   310 |
| Saudi Arabia |                         8 |                 36 |                            14 |                     8 |
| Singapore    |                       139 |                 43 |                             8 |                     6 |
| Slovenia     |                        11 |                  7 |                             6 |                     4 |
| South Africa |                        22 |                 15 |                             8 |                     5 |
| Spain        |                        32 |                 20 |                            27 |                    20 |
| Sweden       |                        23 |                 27 |                            39 |                    46 |
| Switzerland  |                         1 |                  1 |                             1 |                     1 |
| Taiwan       |                       165 |                186 |                           194 |                   158 |
| Thailand     |                        52 |                 50 |                            25 |                    51 |
| Turkey       |                         5 |                  8 |                             2 |                     2 |
| U.K.         |                        17 |                 11 |                             6 |                     4 |
| UAE          |                        21 |                 21 |                            24 |                    11 |
| Ukraine      |                        84 |                 31 |                            22 |                     6 |
| USA          |                        65 |                 54 |                            29 |                    15 |
| Vietnam      |                        86 |                133 |                            75 |                   286 |
| Others       |                        39 |                 39 |                            26 |                     5 |
| TOTAL        |                      6768 |               4752 |                          4669 |                  5592 |

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