Lok Sabha Question No. 4915 (UNSTARRED), answered on 2025-04-01
Subject: Steel Exports and Tariff
Ministry: STEEL
Asked by: Shri Gurmeet Singh Meet Hayer

## GOVERNMENT OF INDIA MINISTRY OF STEEL

## LOK SABHA

## UNSTARRED QUESTION NO. 4915 FOR ANSWER ON 01.04.2025

## STEEL EXPORTS AND TARIFF

4915. SHRI GURMEET SINGH MEET HAYER:

Will the Minister of STEEL be pleased to state:

- (a) the details of total quantity and value of steel exported from India to the US in the last five years, year-wise data;
- (b)  the  recent  imposition  of  tariffs  by  the  US  affected India's  steel  exports and  the alternative markets being explored to mitigate the impact;
- (c) the measures taken to support Indian steel exporters in diversifying exports and maintaining global competitiveness;
- (d)  whether  the  Government  discussed  with  the  US  regarding  tariff  reductions  or exemptions, if so, the details thereof and progress in this regard; and
- (e) whether the long-term strategy for the Indian steel industry to align with changing global demand and sustainability requirements?

## ANSWER

THE MINISTER OF STATE IN THE          (SHRI BHUPATHIRAJU SRINIVASA VARMA) MINISTRY OF STEEL

- (a) The total quantity and value of finished steel exported from India to the USA in the last five years, year-wise is given below:-

| Finished Steel Export to USA        | Finished Steel Export to USA        | Finished Steel Export to USA        |
|-------------------------------------|-------------------------------------|-------------------------------------|
| Year                                | Quantity (in '000 tonnes)           | Value (in Rs. Crores)               |
| 2019-20                             | 51                                  | 571                                 |
| 2020-21                             | 27                                  | 435                                 |
| 2021-22                             | 214                                 | 2,621                               |
| 2022-23                             | 165                                 | 3,177                               |
| 2023-24                             | 95                                  | 1,924                               |
| Source: Joint Plant Committee (JPC) | Source: Joint Plant Committee (JPC) | Source: Joint Plant Committee (JPC) |

(b)to(e): Steel is deregulated sector and its import & export are determined by demand and supply, dynamics of market forces. The Government acts as a facilitator by creating a conducive environment for the development of steel sector in the country.

United States imposed additional tariff of 25% on Steel under Section 232 of Trade  Expansion Act, 1962  in March, 2018  on  a  global  basis. The Government of India  continues  to  engage  with  the  Government  of  United  States  to  achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. Both nations released a joint statement on February 13, 2025, reaffirming their commitment to deepening economic ties. Under the ambitious "Mission 500", both countries aim to more than double US-India trade to USD 500 billion by 2030 to be achieved by deepening the trade relationship across multiple sectors including steel.

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