Measures Taken by Govt to Promote and Protect Domestic Steel Manufacturers
Steel is a deregulated
sector. Steel is produced by different processes and the production cost varies
from plant to plant depending upon the input costs. To protect domestic steel industry
from cheaper & dumped imports, calibration in Basic Custom Duty on steel products
and raw materials along with imposition of trade remedial measures like Anti-Dumping
Duty (ADD), Countervailing Duty (CVD) are undertaken to enhance competitiveness
of India’s steel sector. The details of month-wise production, consumption, and
export of finished steel in the country are at Annexure-I.
Government acts as a facilitator
by creating enabling environment by providing policy support and guidance to steel
sector. Government has taken following measures to promote and protect domestic
steel manufacturers:-
·
Notification of National Steel Policy 2017 which
envisages, inter-alia, domestically meeting the entire demand of steel and high-grade
automotive steel, electrical steel, special steel and alloys for strategic applications.
·
Notification of Domestically Manufactured Iron
& Steel Products (DMI&SP) Policy for promoting procurement of Made in India
steel.
·
Notification of Production-Linked Incentive (PLI)
Scheme for Specialty Steel with an outlay of ₹ 6,322 Crore to promote the
manufacturing of specialty steel within the country by attracting capital investments.
·
Issuance of Steel Quality Control Orders to stop
manufacturing and import of non- standardized steel.
Directorate General of
Trade Remedies (DGTR), a quasi-judicial body, under Department of Commerce undertakes
investigations (Anti-Dumping, Countervailing, Safeguard etc.) based on the petitions
filed by steel industry, as well as suo-moto, from time
to time. The findings and recommendations of DGTR are analyzed
by the Government for Notification keeping in view the domestic production, price
and availability of such grades of steel.
|
Annexure-I |
|||||||||||||||
|
Month |
Total
Finished Steel Qty (in'000 tonne) |
||||||||||||||
|
|
2021-22 |
2020-21 |
2019-20 |
2018-19 |
2017-18 |
||||||||||
|
|
Production |
Import |
Export |
Production |
Import |
Export |
Production |
Import |
Export |
Production |
Import |
Export |
Production |
Import |
Export |
|
April |
9266 |
364 |
951 |
1571 |
407 |
429 |
8674 |
620 |
516 |
8040 |
598 |
573 |
7551 |
504 |
747 |
|
May |
8481 |
393 |
1237 |
5521 |
539 |
1284 |
9043 |
554 |
459 |
8157 |
620 |
445 |
7522 |
558 |
641 |
|
June |
8730 |
402 |
1369 |
6943 |
266 |
1552 |
8825 |
628 |
357 |
8333 |
678 |
378 |
7238 |
644 |
648 |
|
July |
8790 |
410 |
1512 |
8131 |
293 |
1376 |
8613 |
796 |
602 |
8162 |
759 |
530 |
7531 |
798 |
770 |
|
August |
9341 |
396 |
1331 |
8557 |
161 |
1039 |
8359 |
855 |
983 |
8255 |
671 |
716 |
7758 |
1005 |
924 |
|
September |
9330 |
409 |
1354 |
8538 |
318 |
864 |
8106 |
565 |
1019 |
8295 |
675 |
590 |
7666 |
811 |
1119 |
|
October |
9850 |
378 |
1055 |
9145 |
362 |
555 |
8323 |
630 |
950 |
8621 |
679 |
594 |
7889 |
602 |
778 |
|
November |
9234 |
312 |
722 |
9034 |
351 |
598 |
8574 |
429 |
867 |
8389 |
681 |
482 |
7968 |
614 |
1012 |
|
December |
10079 |
395 |
798 |
9912 |
512 |
617 |
9223 |
437 |
767 |
8714 |
548 |
368 |
8278 |
562 |
964 |
|
January |
10309 |
450 |
814 |
9697 |
582 |
523 |
9115 |
477 |
694 |
8743 |
638 |
475 |
8672 |
355 |
615 |
|
February |
9590 |
411 |
1157 |
9051 |
460 |
655 |
8565 |
401 |
570 |
8285 |
583 |
619 |
7999 |
547 |
693 |
|
March |
10598 |
351 |
1195 |
10105 |
500 |
1292 |
7200 |
376 |
573 |
9293 |
705 |
592 |
8937 |
483 |
708 |
|
Total |
113597 |
4669 |
13494 |
96204 |
4752 |
10784 |
102621 |
6768 |
8355 |
101287 |
7835 |
6361 |
95010 |
7483 |
9620 |
Source :
Joint Plant Committee(JPC)
The information was given
by the Minister of State for Steel and Rural Development Faggan
Singh Kulaste in a written reply in Lok Sabha on 21 December
2022.