The Minister of Steel, Shri Beni Prasad Verma has said that data on production for sale, real consumption and availability of total finished steel (alloy + non-alloy) during April-December 2013-14 is shown below along with stock position as on 31.12.2013.
| Year | Total finished steel (alloy + non-alloy) (million tonnes or mt)
|
|||
|
Production for sale |
Real Consumption |
Availability |
Stock as on 31.12.2013 |
|
| April-Dec. 2013-14* |
62.87 |
54.71 |
62.87 |
0.91 |
| Source: Joint Plant Committe (JPC); *provisional | ||||
In a written reply in the Rajya Sabha today Shri Verma said, data on volume (quantum) and value of imports of leading items of non-alloy steel, total alloy steel and total finished steel by India during the last 4 years and April-December 2013-14 is given below:-
| Year | Import of total finished steel (alloy + non-alloy) | |
| Volume (mt) | Value (Rs. Crore) | |
| 2009-10 | 7.38 | 25960 |
| 2010-11 | 6.66 | 26966 |
| 2011-12 | 6.86 | 32888 |
| 2012-13 | 7.93 | 39059 |
|
April-Dec. 2013-14* |
4.122 | 22553 |
| Source: JPC; *provisional | ||
The Minister said, major countries from where India imports steel include Japan, South Korea, China, Germany, Ukraine and Russia among others. The extent of foreign exchange (forex) outgo due to such imports is indicated in the table above under ‘Value’ column.
The steel industry is deregulated and about 80% of production is from the private sector consisting of many players both large and small. The production planning is the function of the individual steel plant and is based on their assessment of the market conditions and the requirement of the consumers. The stock build up, if any, is consequential to such a planning process and the disposal in case of excess build up of stock comes entirely under the purview of the plants concerned and the government has no say in the matter, Shri Verma added.