Lok Sabha Question No. 2685 (UNSTARRED), answered on 2016-03-14
Subject: Cheap Steel Imports
Ministry: STEEL
Asked by: SRINIVAS KESINENI, RAJ KUMAR SINGH, RABINDRA KUMAR JENA, PREM DAS RAI, KOTHA PRABHAKAR REDDY, MEENAKASHI LEKHI, DODDAALAHALLI KEMPEGOWDA SURESH, BHOLA SINGH, SUKENDER REDDY GUTHA, CHANDU LAL SAHU, ABHISHEK SINGH

## CHEAP STEEL IMPORTS

2685.  SHRI KESINENI NANI:

SHRI R.K. SINGH:

SHRI RABINDRA KUMAR JENA:

SHRI PREM DAS RAI:

SHRI PRABHAKAR REDDY KOTHA:

SHRIMATI MEENAKASHI LEKHI:

SHRI D.K. SURESH:

SHRI BHOLA SINGH:

SHRI GUTHA SUKENDER REDDY:

SHRI CHANDU LAL SAHU:

SHRI ABHISHEK SINGH:

Will the Minister of STEEL be pleased to state:

- (a) the  details  of  steel  imported  and  cost  thereof  during  each  of  the  last  three years, country-wise;

(b) whether  the  Government  has  received  any  representation  from  the  Indian steel producers to protect them from the cheap steel imports particularly from China;

(c) if so, the details thereof including manufacturing cost of steel in India and the reaction of the Government thereto; and

- (d) the  corrective  steps  taken  by  the  Government  to  protect  the  domestic  steel industry against the cheap steel imports?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF STEEL AND MINES

- (a) Details are given at Annexure I .

(b)&(c):  Some domestic steel manufacturers and other stake holders have represented against surge in imports of steel from various countries including China. These representations have regularly been examined by the Government for taking corrective measures.  The cost of production of different types of steel produced by individual companies is commercially sensitive information which is guarded by the concerned companies and is not publicly available. However, the domestic prices of steel have declined significantly between April, 2014 to Jan., 2015 as can be seen from Annexure II & there has also been severe decline in profits of even large steel producers, as can be seen from Annexure III .

- (d) In  order  to  protect  domestic  steel  sector  against  cheap  steel  imports,  the Government has taken the following steps:-
- (i) To  ensure  that  only  quality  steel  is  produced  or  imported,  Government  has notified Steel & Steel Products (Quality Control) Orders, 2012 dated 12.03.2012 and Steel & Steel Products (Quality Control) Orders, 2015 dated 15.12.2015.

(SHRI VISHNU DEO SAI)

- (ii) To increase availability of Coal and Iron ore for the domestic steel industry:-
- (a) Notified the Coal Mines (Special Provisions) Amendment Act, 2015 on 30.03.2015 to streamline coal block allocations.
- (b) Notified the Mines and Minerals (Development and Regulation) Amendment  Act,  2015  on  27.03.2015  to  streamline  grant  of  Mining Leases.
- (iii) The  Union  Budget  2015-16  has  raised  peak  rate  of  basic  customs  duty  on both flat and  non-flat steel to 15% from 10%.
- (iv) Hiked import duty on  ingots & billets, alloy steel (flat & long), stainless steel (long) and non-alloy long products from 5% to 7.5%  and non-alloy and other alloy flat products from 7.5% to 10%.  This was further revised in August, 2015 on  flat  steel  from  10%  to  12.5%,  long  steel  from  7.5%  to  10%  and  semifinished steel from 7.5% to 10%.
- (v) In November 2014, instructions were issued to ensure import of rebars strictly as  per  Steel  Product  Quality  Control  Order  2012,  to  block  influx  of  cheap imports of boron added rebars.
- (vi) In June, 2015, an Anti-Dumping Duty levied for five years on imports of certain variety  of  hot-rolled  flat  products  of  stainless  steel  from  China  ($  309  per tonne), Korea ($ 180 per tonne) and Malaysia ($ 316 per tonne).
- (vii) Imposed, in  September  2015,  a  provisional  Safeguard  Duty  of  20%  on  hotrolled flat products of non-alloy and other alloy steel, in coils of a width of 600 mm or more, for a period of 200 days.
- (viii) Imposed,  vide  its  notification  dated  05.02.2016,  the  Minimum  Import  Price (MIP)  condition  on  173  steel  products.  Imports  of  items  covered  under  this notification will not   be allowed into the country below the notified price.

********

| Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   | Annexure-I to LS USQ NO.2685 for reply on 14.03.2016 IMPORT OF TOTAL FINISHED STEEL   |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|
| Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           | Quantity ('000 tonnes) Value (Rs. in crore)                                           |
| COUNTRY                                                                               | 2012-13                                                                               | 2013-14                                                                               | 2014-15                                                                               | 2015-16*                                                                              | 2012-13                                                                               | 2013-14                                                                               | 2014-15                                                                               | 2015-16*                                                                              |
| ARGENTINA                                                                             | 2.1                                                                                   | 0.5                                                                                   | 0.82                                                                                  | 0.39                                                                                  | 7.27                                                                                  | 2.59                                                                                  | 3.2                                                                                   | 1.49                                                                                  |
| AUSTRALIA                                                                             | 8.4                                                                                   | 5.1                                                                                   | 8.28                                                                                  | 3.41                                                                                  | 49.03                                                                                 | 29.76                                                                                 | 48.28                                                                                 | 42.37                                                                                 |
| BAHRAIN                                                                               | 7.0                                                                                   | 0.8                                                                                   | 0.22                                                                                  | 0.02                                                                                  | 26.92                                                                                 | 6.92                                                                                  | 2.2                                                                                   | 0.31                                                                                  |
| BANGLADESH                                                                            | 0.0                                                                                   | 0.0                                                                                   | 0                                                                                     | 0.54                                                                                  | 0                                                                                     | 0                                                                                     | 0                                                                                     | 1.76                                                                                  |
| BELGIUM                                                                               | 168.2                                                                                 | 94.8                                                                                  | 126.13                                                                                | 85.59                                                                                 | 966.07                                                                                | 689.08                                                                                | 697.93                                                                                | 489.14                                                                                |
| BRAZIL                                                                                | 144.3                                                                                 | 70.0                                                                                  | 128.87                                                                                | 177.52                                                                                | 548.97                                                                                | 312.18                                                                                | 538.34                                                                                | 517.95                                                                                |
| CANADA                                                                                | 34.7                                                                                  | 18.1                                                                                  | 7.31                                                                                  | 6                                                                                     | 121.76                                                                                | 67.72                                                                                 | 35.09                                                                                 | 24.79                                                                                 |
| CHILE                                                                                 | 0.1                                                                                   | 0.1                                                                                   | 0.02                                                                                  | 0                                                                                     | 0.3                                                                                   | 0.51                                                                                  | 0.13                                                                                  | 0                                                                                     |
| CHINA                                                                                 | 1688.2                                                                                | 1088.4                                                                                | 3600.42                                                                               | 3520.6                                                                                | 7617.27                                                                               | 5562.97                                                                               | 15234.42                                                                              | 12194.9                                                                               |
| DENMARK                                                                               | 3.5                                                                                   | 1.0                                                                                   | 4.78                                                                                  | 3.29                                                                                  | 16.58                                                                                 | 6.81                                                                                  | 38.46                                                                                 | 55.74                                                                                 |
| DJIBOUTI                                                                              | 0.1                                                                                   | 0.0                                                                                   | 0                                                                                     | 0.62                                                                                  | 0.25                                                                                  | 0                                                                                     | 0                                                                                     | 1.58                                                                                  |
| FINLAND                                                                               | 12.4                                                                                  | 13.8                                                                                  | 11.8                                                                                  | 10.47                                                                                 | 202.39                                                                                | 231.84                                                                                | 176.95                                                                                | 147.43                                                                                |
| FRANCE                                                                                | 126.7                                                                                 | 36.5                                                                                  | 155.84                                                                                | 54.27                                                                                 | 1006.53                                                                               | 691.98                                                                                | 1168.2                                                                                | 466.89                                                                                |
| GERMANY                                                                               | 569.5                                                                                 | 186.0                                                                                 | 149.03                                                                                | 166.66                                                                                | 3317.36                                                                               | 1583.7                                                                                | 1248.07                                                                               | 1154.89                                                                               |
| HONGKONG                                                                              | 3.2                                                                                   | 0.4                                                                                   | 1.5                                                                                   | 0.48                                                                                  | 12.71                                                                                 | 3.59                                                                                  | 8.31                                                                                  | 4.15                                                                                  |
| INDONESIA                                                                             | 5.5                                                                                   | 2.3                                                                                   | 14.41                                                                                 | 184.39                                                                                | 44.45                                                                                 | 20.6                                                                                  | 63.56                                                                                 | 486.89                                                                                |
| IRAN                                                                                  | 129.2                                                                                 | 100.7                                                                                 | 0                                                                                     | 0                                                                                     | 417.73                                                                                | 347.32                                                                                | 0.04                                                                                  | 0                                                                                     |
| ITALY                                                                                 | 83.1                                                                                  | 25.2                                                                                  | 54.95                                                                                 | 25.07                                                                                 | 450.81                                                                                | 380.8                                                                                 | 466.87                                                                                | 245.99                                                                                |
| JAPAN                                                                                 | 1545.0                                                                                | 1355.7                                                                                | 1583.31                                                                               | 1928.49                                                                               | 7437.14                                                                               | 6755.98                                                                               | 7997.84                                                                               | 7637.9                                                                                |
| KAZAKHSTAN                                                                            | 14.1                                                                                  | 8.1                                                                                   | 8.93                                                                                  | 4.91                                                                                  | 50.63                                                                                 | 31.84                                                                                 | 38.47                                                                                 | 21.42                                                                                 |
| KOREA                                                                                 | 1576.7                                                                                | 1312.6                                                                                | 1874.93                                                                               | 2694.5                                                                                | 7883.35                                                                               | 6924.49                                                                               | 8948.83                                                                               | 8946.82                                                                               |
| KUWAIT                                                                                | 0.3                                                                                   | 0.1                                                                                   | 1.79                                                                                  | 0                                                                                     | 1.36                                                                                  | 0.54                                                                                  | 5.17                                                                                  | 0                                                                                     |
| MALAYASIA                                                                             | 45.3                                                                                  | 29.9                                                                                  | 95.99                                                                                 | 49.26                                                                                 | 333.61                                                                                | 232.51                                                                                | 506.37                                                                                | 459.1                                                                                 |
| NETHERLANDS                                                                           | 25.7                                                                                  | 21.6                                                                                  | 40.21                                                                                 | 15.54                                                                                 | 109.59                                                                                | 88.62                                                                                 | 160.19                                                                                | 65.14                                                                                 |
| ROMANIA                                                                               | 10.4                                                                                  | 26.2                                                                                  | 11.14                                                                                 | 1.8                                                                                   | 50.9                                                                                  | 137.17                                                                                | 47.9                                                                                  | 16.74                                                                                 |
| RUSSIA                                                                                | 326.6                                                                                 | 145.9                                                                                 | 226.02                                                                                | 310.72                                                                                | 1435.36                                                                               | 910.62                                                                                | 1268.03                                                                               | 1441.99                                                                               |
| SAUDI ARABIA                                                                          | 41.0                                                                                  | 47.8                                                                                  | 4.19                                                                                  | 0.64                                                                                  | 145.29                                                                                | 196.5                                                                                 | 15.16                                                                                 | 3.21                                                                                  |
| SOUTH AFRICA                                                                          | 57.9                                                                                  | 44.1                                                                                  | 71.47                                                                                 | 48.55                                                                                 | 306.04                                                                                | 283.11                                                                                | 371.22                                                                                | 260.23                                                                                |
| SPAIN                                                                                 | 73.5                                                                                  | 21.1                                                                                  | 29.67                                                                                 | 24.87                                                                                 | 466.8                                                                                 | 188.38                                                                                | 269.81                                                                                | 249.33                                                                                |
| SRI LANKA                                                                             | 0.3                                                                                   | 0.2                                                                                   | 0.12                                                                                  | 0.27                                                                                  | 1.6                                                                                   | 1.45                                                                                  | 0.95                                                                                  | 2.39                                                                                  |
| TAIWAN                                                                                | 200.1                                                                                 | 118.8                                                                                 | 190.33                                                                                | 176.06                                                                                | 953.19                                                                                | 666.11                                                                                | 1006.56                                                                               | 795.28                                                                                |
| THAILAND                                                                              | 18.3                                                                                  | 21.9                                                                                  | 15.93                                                                                 | 40.96                                                                                 | 130.29                                                                                | 141.27                                                                                | 116.64                                                                                | 163.09                                                                                |
| TURKEY                                                                                | 36.3                                                                                  | 14.1                                                                                  | 29.09                                                                                 | 1.01                                                                                  | 152.06                                                                                | 76.24                                                                                 | 135.05                                                                                | 6.91                                                                                  |
| U.K.                                                                                  | 63.3                                                                                  | 28.0                                                                                  | 30.26                                                                                 | 28.56                                                                                 | 363.01                                                                                | 233.49                                                                                | 276.67                                                                                | 264.26                                                                                |
| UAE                                                                                   | 41.1                                                                                  | 19.6                                                                                  | 34.14                                                                                 | 31.38                                                                                 | 175.8                                                                                 | 92.74                                                                                 | 152.92                                                                                | 135.08                                                                                |
| UKRAINE                                                                               | 419.7                                                                                 | 323.0                                                                                 | 348.77                                                                                | 198.05                                                                                | 1524.09                                                                               | 1086.59                                                                               | 1212.71                                                                               | 536.69                                                                                |
| USA                                                                                   | 116.8                                                                                 | 79.3                                                                                  | 120.12                                                                                | 74.73                                                                                 | 754.94                                                                                | 631.59                                                                                | 565.14                                                                                |                                                                                       |
| Others                                                                                | 326.4                                                                                 | 188.7                                                                                 | 339.24                                                                                |                                                                                       |                                                                                       |                                                                                       | 2067.32                                                                               | 732.01                                                                                |
| Total                                                                                 | 7925                                                                                  | 5450                                                                                  | 9320                                                                                  | 346.22 10216                                                                          | 2208.55 39290                                                                         | 1797.89 30416                                                                         | 44893                                                                                 | 1940.69 39514.55                                                                      |
| Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           | Source: JPC                                                                           |

## Annexure-II to Lok Sabha Unstarred Question No.2685 due for reply on 14.03.2016

| Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2012-13: Delhi market (Rs/t)   |
|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|
| Item                                                                                                | Apr.                                                                                                | May                                                                                                 | June                                                                                                | July                                                                                                | Aug.                                                                                                | Sept.                                                                                               | Oct.                                                                                                | Nov.                                                                                                | Dec.                                                                                                | Jan.                                                                                                | Feb.                                                                                                | Mar.                                                                                                |
| Pig Iron                                                                                            | 36400                                                                                               | 35700                                                                                               | 36200                                                                                               | 36500                                                                                               | 36000                                                                                               | 36200                                                                                               | 36000                                                                                               | 35600                                                                                               | 34500                                                                                               | 33500                                                                                               | 31500                                                                                               | 30300                                                                                               |
| Pencil Ingots                                                                                       | 36500                                                                                               | 35200                                                                                               | 34200                                                                                               | 34500                                                                                               | 32500                                                                                               | 32000                                                                                               | 31800                                                                                               | 31800                                                                                               | 30000                                                                                               | 33100                                                                                               | 32200                                                                                               | 34500                                                                                               |
| Wire Rod 8mm                                                                                        | 48700                                                                                               | 47650                                                                                               | 48530                                                                                               | 48000                                                                                               | 47720                                                                                               | 47720                                                                                               | 47650                                                                                               | 47650                                                                                               | 47130                                                                                               | 46640                                                                                               | 46290                                                                                               | 45940                                                                                               |
| Rounds 12mm                                                                                         | 48980                                                                                               | 47020                                                                                               | 47160                                                                                               | 47160                                                                                               | 46810                                                                                               | 46810                                                                                               | 46740                                                                                               | 46740                                                                                               | 46390                                                                                               | 45510                                                                                               | 45510                                                                                               | 45330                                                                                               |
| TMT 10 mm                                                                                           | 51580                                                                                               | 49620                                                                                               | 50280                                                                                               | 50000                                                                                               | 49650                                                                                               | 49580                                                                                               | 49580                                                                                               | 49580                                                                                               | 48710                                                                                               | 47610                                                                                               | 47610                                                                                               | 47080                                                                                               |
| Plates 10mm                                                                                         | 49770                                                                                               | 49720                                                                                               | 49620                                                                                               | 49670                                                                                               | 49590                                                                                               | 49570                                                                                               | 49520                                                                                               | 49520                                                                                               | 49420                                                                                               | 49470                                                                                               | 49470                                                                                               | 49370                                                                                               |
| HR Coils 2.00 mm                                                                                    | 49070                                                                                               | 49070                                                                                               | 49050                                                                                               | 49050                                                                                               | 48800                                                                                               | 48840                                                                                               | 48770                                                                                               | 48750                                                                                               | 48650                                                                                               | 48700                                                                                               | 48700                                                                                               | 48720                                                                                               |
| CR Coils 0.63mm                                                                                     | 54100                                                                                               | 53580                                                                                               | 53580                                                                                               | 53180                                                                                               | 52500                                                                                               | 52780                                                                                               | 52580                                                                                               | 52580                                                                                               | 52580                                                                                               | 52980                                                                                               | 52380                                                                                               | 52980                                                                                               |
| GP Sheets 0.63mm                                                                                    | 56200                                                                                               | 54580                                                                                               | 54580                                                                                               | 53980                                                                                               | 53380                                                                                               | 53080                                                                                               | 53080                                                                                               | 52480                                                                                               | 51880                                                                                               | 53080                                                                                               | 54280                                                                                               | 54280                                                                                               |
| Melting Scrap HMS-II                                                                                | 32500                                                                                               | 29000                                                                                               | 29000                                                                                               | 29000                                                                                               | 27700                                                                                               | 27700                                                                                               | 27700                                                                                               | 27500                                                                                               | 27000                                                                                               | 27000                                                                                               | 27000                                                                                               | 27200                                                                                               |
| Sponge Iron (Coal)                                                                                  | 30000                                                                                               | 28000                                                                                               | 28000                                                                                               | 27000                                                                                               | 26000                                                                                               | 26000                                                                                               | 26000                                                                                               | 26000                                                                                               | 24500                                                                                               | 26000                                                                                               | 25600                                                                                               | 26000                                                                                               |
| Item                                                                                                | Apr.                                                                                                | May                                                                                                 | June                                                                                                | July                                                                                                | Aug.                                                                                                | Sept.                                                                                               | Oct.                                                                                                | Nov.                                                                                                | Dec.                                                                                                | Jan.                                                                                                | Feb.                                                                                                | Mar.                                                                                                |
| Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2013-14: Delhi market (Rs/t)   |
| Item                                                                                                | Apr.                                                                                                | May                                                                                                 | June                                                                                                | July                                                                                                | Aug.                                                                                                | Sept.                                                                                               | Oct.                                                                                                | Nov.                                                                                                | Dec.                                                                                                | Jan.                                                                                                | Feb.                                                                                                | Mar.                                                                                                |
| Pig Iron                                                                                            | 30000                                                                                               | 30800                                                                                               | 30700                                                                                               | 30500                                                                                               | 30300                                                                                               | 33000                                                                                               | 33000                                                                                               | 32800                                                                                               | 32500                                                                                               | 32800                                                                                               | 32500                                                                                               | 33000                                                                                               |
| Pencil Ingots                                                                                       | 34500                                                                                               | 31600                                                                                               | 32100                                                                                               | 31000                                                                                               | 30000                                                                                               | 31500                                                                                               | 32500                                                                                               | 32000                                                                                               | 31500                                                                                               | 32500                                                                                               | 35400                                                                                               | 34700                                                                                               |
| Wire Rod 8mm                                                                                        | 45940                                                                                               | 45940                                                                                               | 46110                                                                                               | 45590                                                                                               | 44890                                                                                               | 45410                                                                                               | 45410                                                                                               | 45170                                                                                               | 45170                                                                                               | 45520                                                                                               | 46110                                                                                               | 45940                                                                                               |
| Rounds 12mm                                                                                         | 45330                                                                                               | 45680                                                                                               | 45860                                                                                               | 44980                                                                                               | 44630                                                                                               | 45330                                                                                               | 45330                                                                                               | 45440                                                                                               | 45440                                                                                               | 46210                                                                                               | 46560                                                                                               | 46560                                                                                               |
| TMT 10 mm                                                                                           | 47010                                                                                               | 47360                                                                                               | 47540                                                                                               | 47080                                                                                               | 46380                                                                                               | 47430                                                                                               | 47430                                                                                               | 47960                                                                                               | 47960                                                                                               | 48310                                                                                               | 48660                                                                                               | 48310                                                                                               |
| Plates 10mm                                                                                         | 49420                                                                                               | 49420                                                                                               | 49420                                                                                               | 49420                                                                                               | 49320                                                                                               | 49470                                                                                               | 49570                                                                                               | 49470                                                                                               | 49320                                                                                               | 49740                                                                                               | 49820                                                                                               | 49920                                                                                               |
| HR Coils 2.00 mm                                                                                    | 48770                                                                                               | 48770                                                                                               | 48710                                                                                               | 48770                                                                                               | 48670                                                                                               | 48900                                                                                               | 49120                                                                                               | 49020                                                                                               | 49020                                                                                               | 49170                                                                                               | 49290                                                                                               | 49320                                                                                               |
| CR Coils 0.63mm                                                                                     | 52980                                                                                               | 52780                                                                                               | 52580                                                                                               | 52780                                                                                               | 51900                                                                                               | 52500                                                                                               | 53180                                                                                               | 52580                                                                                               | 52700                                                                                               | 53780                                                                                               | 54180                                                                                               | 54980                                                                                               |
| GP Sheets 0.63mm                                                                                    | 54280                                                                                               | 54280                                                                                               | 53680                                                                                               | 53680                                                                                               | 53680                                                                                               | 54280                                                                                               | 55240                                                                                               | 55240                                                                                               | 54580                                                                                               | 55180                                                                                               | 55780                                                                                               | 58180                                                                                               |
| Melting Scrap HMS-II                                                                                | 26600                                                                                               | 26600                                                                                               | 26500                                                                                               | 24000                                                                                               | 23000                                                                                               | 28000                                                                                               | 28000                                                                                               | 27000                                                                                               | 26500                                                                                               | 27000                                                                                               | 28200                                                                                               | 27700                                                                                               |
| Sponge Iron (Coal)                                                                                  | 25800                                                                                               | 25800                                                                                               | 26000                                                                                               | 25000                                                                                               | 24000                                                                                               | 25800                                                                                               | 26000                                                                                               | 26000                                                                                               | 25500                                                                                               | 26200                                                                                               | 27000                                                                                               | 26300                                                                                               |
| Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   | Indicative average market prices of leading items of finished steel, 2014-15: Delhi market (Rs/t)   |
| Item                                                                                                | Apr.                                                                                                | May                                                                                                 | June                                                                                                | July                                                                                                | Aug.                                                                                                | Sept.                                                                                               | Oct.                                                                                                | Nov.                                                                                                | Dec.                                                                                                | Jan.                                                                                                | Feb.                                                                                                | Mar.                                                                                                |
| Pig Iron                                                                                            | 33000                                                                                               | 32500                                                                                               | 34000                                                                                               | 34000                                                                                               | 33500                                                                                               | 32100                                                                                               | 33750                                                                                               | 34000                                                                                               | 30833                                                                                               | 30000                                                                                               | 27833                                                                                               | 26167                                                                                               |
| Pencil Ingots                                                                                       | 34700                                                                                               | 33800                                                                                               | 37000                                                                                               | 35000                                                                                               | 34500                                                                                               | 32000                                                                                               | 34300                                                                                               | 38475                                                                                               | 30500                                                                                               | 32000                                                                                               | 31000                                                                                               | 30000                                                                                               |
| Wire Rod 8mm                                                                                        | 42000                                                                                               | 40500                                                                                               | 42000                                                                                               | 44000                                                                                               | 43500                                                                                               | 43350                                                                                               | 45000                                                                                               | 42900                                                                                               | 43125                                                                                               | 41925                                                                                               | 40550                                                                                               | 39900                                                                                               |
| Rounds 12mm                                                                                         | 43500                                                                                               | 42500                                                                                               | 44200                                                                                               | 44000                                                                                               | 43500                                                                                               | 43650                                                                                               | 44000                                                                                               | 40000                                                                                               | 39000                                                                                               | 40000                                                                                               | 39750                                                                                               | 40250                                                                                               |
| TMT 10 mm                                                                                           | 44500                                                                                               | 43500                                                                                               | 47600                                                                                               | 46000                                                                                               | 45500                                                                                               | 45200                                                                                               | 47075                                                                                               | 44367                                                                                               | 42542                                                                                               | 42375                                                                                               | 41775                                                                                               | 41017                                                                                               |
| Plates 10mm                                                                                         | 46000                                                                                               | 45000                                                                                               | 44000                                                                                               | 43000                                                                                               | 42500                                                                                               | 42500                                                                                               | 44500                                                                                               | 42738                                                                                               | 41500                                                                                               | 40750                                                                                               | 39500                                                                                               | 38950                                                                                               |
| HR Coils 2.00 mm                                                                                    | 46000                                                                                               | 45500                                                                                               | 45500                                                                                               | 44500                                                                                               | 43800                                                                                               | 43500                                                                                               | 44500                                                                                               | 43500                                                                                               | 42433                                                                                               | 41167                                                                                               | 40333                                                                                               | 39667                                                                                               |
| CR Coils 0.63mm                                                                                     | 52500                                                                                               | 50000                                                                                               | 52000                                                                                               | 51000                                                                                               | 50000                                                                                               | 50782                                                                                               | 51000                                                                                               | 49200                                                                                               | 49000                                                                                               | 42500                                                                                               | 47100                                                                                               | 45000                                                                                               |
| GP Sheets 0.63mm                                                                                    | 57500                                                                                               | 54550                                                                                               | 56000                                                                                               | 55500                                                                                               | 55500                                                                                               | 54550                                                                                               | 54275                                                                                               | 53000                                                                                               | 53167                                                                                               | 52925                                                                                               | 51350                                                                                               | 50275                                                                                               |
| Melting Scrap HMS-II                                                                                | 27700                                                                                               | 27200                                                                                               | 28000                                                                                               | 27000                                                                                               | 27500                                                                                               | 25500                                                                                               | 25600                                                                                               | 26500                                                                                               | 23000                                                                                               | 25000                                                                                               | 24000                                                                                               | 21000                                                                                               |
|                                                                                                     | 26300                                                                                               |                                                                                                     |                                                                                                     |                                                                                                     | 25500                                                                                               |                                                                                                     |                                                                                                     |                                                                                                     | 23500                                                                                               | 24500                                                                                               | 23750                                                                                               |                                                                                                     |
| Sponge Iron (Coal)                                                                                  |                                                                                                     | 25700                                                                                               | 26300                                                                                               | 25500                                                                                               |                                                                                                     | 25000                                                                                               | 25200                                                                                               | 23000                                                                                               |                                                                                                     |                                                                                                     |                                                                                                     | 22000                                                                                               |
| Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            | Market (retail) prices of leading items of finished steel, 2015-16: Delhi market (Rs./t)            |
| Item                                                                                                | Apr.                                                                                                | May                                                                                                 | June                                                                                                | July                                                                                                | Aug.                                                                                                | Sept.                                                                                               | Oct.                                                                                                | Nov.                                                                                                | Dec.                                                                                                | Jan.                                                                                                | Feb.                                                                                                |                                                                                                     |
| Pig Iron                                                                                            | 27433                                                                                               | 26667                                                                                               | 24667                                                                                               | 25533                                                                                               | 25300                                                                                               | 26000                                                                                               | 24900                                                                                               | 24033                                                                                               | 23167                                                                                               | 22833                                                                                               | 25500                                                                                               |                                                                                                     |
| Pencil Ingots                                                                                       | 31200                                                                                               | 29000                                                                                               | 28000                                                                                               | 24500                                                                                               | 23600                                                                                               | 26000                                                                                               | 24000                                                                                               | 22000                                                                                               | 19500                                                                                               | 25500                                                                                               | 26500                                                                                               |                                                                                                     |
| Wire Rod 8mm                                                                                        | 40650                                                                                               | 39500                                                                                               | 38750                                                                                               | 36000                                                                                               | 36600                                                                                               | 37000                                                                                               | 35750                                                                                               | 32500                                                                                               | 29250                                                                                               | 30750                                                                                               | 34000                                                                                               |                                                                                                     |
| Rounds 12mm                                                                                         | 40250                                                                                               | 37750                                                                                               | 38200                                                                                               | 36600                                                                                               | 34150                                                                                               | 37250                                                                                               | 35575                                                                                               | 31875                                                                                               | 30250                                                                                               | 29500                                                                                               | 33250                                                                                               |                                                                                                     |
| TMT 10 mm                                                                                           | 42538                                                                                               | 40075                                                                                               | 40534                                                                                               | 38188                                                                                               | 36275                                                                                               | 38750                                                                                               | 35625                                                                                               | 33713                                                                                               | 30417                                                                                               | 33284                                                                                               | 36538                                                                                               |                                                                                                     |
| Plates 10mm                                                                                         | 40100                                                                                               | 38267                                                                                               | 36375                                                                                               | 34850                                                                                               | 33550                                                                                               | 34725                                                                                               | 35000                                                                                               | 33000                                                                                               | 30750                                                                                               | 33100                                                                                               | 33300                                                                                               |                                                                                                     |
| HR Coils 2.00 mm                                                                                    | 39100                                                                                               | 40667                                                                                               | 37438                                                                                               | 36125                                                                                               | 34250                                                                                               | 34563                                                                                               | 35675                                                                                               | 34625                                                                                               | 32200                                                                                               | 33325                                                                                               | 34033                                                                                               |                                                                                                     |
| CR Coils 0.63mm                                                                                     | 44533                                                                                               | 44500                                                                                               | 42000                                                                                               | 40717                                                                                               | 39750                                                                                               | 40300                                                                                               | 40825                                                                                               | 37500                                                                                               | 36267                                                                                               | 35833                                                                                               | 38000                                                                                               |                                                                                                     |
| GP Sheets 0.63mm                                                                                    | 49767                                                                                               | 48350                                                                                               | 49150                                                                                               | 46783                                                                                               | 43500                                                                                               | 44233                                                                                               | 44867                                                                                               | 42500                                                                                               | 41500                                                                                               | 41133                                                                                               | 40500                                                                                               |                                                                                                     |
|                                                                                                     |                                                                                                     | 21450                                                                                               | 23100                                                                                               | 20550                                                                                               | 18000                                                                                               | 22500                                                                                               | 21100                                                                                               | 14250                                                                                               | 15300                                                                                               | 16000                                                                                               | 18350                                                                                               |                                                                                                     |
| Melting Scrap HMS-II                                                                                | 23000                                                                                               |                                                                                                     | 22250                                                                                               | 18900                                                                                               | 17000                                                                                               | 19000                                                                                               | 17500                                                                                               | 16500                                                                                               | 16450                                                                                               | 15500                                                                                               | 16500                                                                                               |                                                                                                     |
| Sponge Iron (Coal)                                                                                  | 23250                                                                                               | 22150                                                                                               |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |                                                                                                     |

Source: JPC

## Annexure-III

During April-June quarter of this fiscal year profit After T ax (PAT) of majority of steel markets such as SAIL, JSW Steel and JSPL except Tata Steel has decreased. As per information, PAT of major steel making companies during the quarter is:-

| Sl.No.   | Companies   | PAT (in Rs. Crores)   | PAT (in Rs. Crores)   | PAT (in Rs. Crores)   |
|----------|-------------|-----------------------|-----------------------|-----------------------|
|          |             | Q1 FY-2016            | Q4 FY-2015            | Q-oQ(%)               |
| 1.       | JSW Steel   | 31                    | 189                   | -84%                  |
| 2.       | SAIL        | -322                  | 334                   | -196                  |
| 3.       | Tata Steel  | 1249                  | 814                   | 53%                   |
| 4.       | JSPL        | -267                  | -235                  | -14%                  |