Lok Sabha Question No. 3688 (UNSTARRED), answered on 2025-08-12
Subject: Impact of low priced Steel imports on Domestic Steel Industry
Ministry: STEEL
Asked by: Shri Imran Masood

THE MINISTER OF STEEL

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA UNSTARRED QUESTION NO. 3688 FOR ANSWER ON 12.08.2025

## IMPACT OF LOW PRICED STEEL IMPORTS ON DOMESTIC STEEL INDUSTRY

## 3688.  SHRI IMRAN MASOOD:

Will the Minister of STEEL be pleased to state:

- (a)  the  measures  taken  to  mitigate  the  impact  of  low  priced  steel  imports  on  the domestic steel industry;
- (b)  the  manner  in  which  the  Government  is  addressing  the  issue  of  raw  material shortage and advocating for policies to promote securing new iron ore sources and steel recycling;
- (c) the quantity of steel imported from various countries since 2014, year-wise; and
- (d) the steps taken to reduce dependence on steel imports especially from China?

## ANSWER

(SHRI H.D. KUMARASWAMY)

(a)to(d): Steel is a deregulated sector and steel prices are determined by demand supply dynamics of market forces, global market conditions, trends in price of raw materials,  logistics  cost  etc.  Government  has  taken  following  steps  to  reduce dependence on Steel imports especially from China:-

- (i) Launch of the Production Linked Incentive (PLI) Scheme for Specialty Steel to promote the manufacturing of 'Specialty Steel' within the country and reduce imports by attracting capital investments.
- (ii) Steel  Import Monitoring System (SIMS) has been revamped and SIMS 2.0 was  launched  on  25.07.2024  for  more  effective  monitoring  of  imports  to address the concerns of domestic steel industry.
- (iii) Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP)  Policy  for promoting  'Made  in India' steel  for  Government procurement.
- (iv) Anti  Dumping Duty (ADD) measures pertaining to some steel products like seamless  tubes,  pipes  and  hollow  profiles  of  iron,  alloy,  or  non-alloy  steel (other than cast iron and stainless steel) (from China PR), electro-galvanized steel (from Korea RP, Japan, Singapore), stainless-steel seamless tubes and pipes (from China PR), welded stainless steel pipes and tubes (from Vietnam and Thailand) are in place currently.

- (v) Counter-Vailing Duty (CVD) is in place for Welded Stainless Steel Pipes and Tubes from China and Vietnam.
- (vi) Imposition of a provisional safeguard duty at the rate of 12% (twelve percent) ad valorem for 200 days on imports of certain Non-Alloy and Alloy Steel Flat Products w.e.f. 21 st  April, 2025.

The details of imports of finished steel since 2014-15 are at Annexure .

There  is  sufficient  reserve  of  iron  ore  in  the  country  to  meet  the  current demand/consumption by domestic steel industry. The production of Iron Ore in FY 2025 was around 289 Million tons and the export were approximately 23 Million tons while the import was 6.4 Million tons, as per the data provided by IBM and DGFT.

The Government has taken various steps to increase supply of raw materials, which  include,  inter-alia,  Mining  and  Mineral  Policy  reforms  to  ensure  enhanced production, early auction & operationalization of mines with expired leases, ease of doing  business,  seamless  transfer  of  all  valid  rights  &  approvals,  incentivizing  for starting of mining operation & dispatch, transferring of mining leases, allowing captive mines to sell upto 50% of the minerals produced, enhancing the exploration activities etc.

Government has notified the Steel Scrap Recycling Policy in November, 2019. The  policy  provides  a  framework  to  facilitate  and  promote  establishment  of  metal scrapping  centres  in  India  for  scientific  processing  and  recycling  of  ferrous  scrap generated from various sources.

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Annexure

| Financial Year   | Import of finished steel in '000 tonnes   |
|------------------|-------------------------------------------|
| 2014-15          | 9,320                                     |
| 2015-16          | 11,712                                    |
| 2016-17          | 7,224                                     |
| 2017-18          | 7,483                                     |
| 2018-19          | 7,835                                     |
| 2019-20          | 6,768                                     |
| 2020-21          | 4,752                                     |
| 2021-22          | 4,669                                     |
| 2022-23          | 6,022                                     |
| 2023-24          | 8,320                                     |
| 2024-25          | 9,551                                     |