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Govt. Takes Measures To Promote And Protect Domestic Steel Manufacturers

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New Delhi: 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.

                               

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