Import Share in Indian Steel Consumption Declining Since 2019-20
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Import Share in Indian Steel Consumption Declining Since 2019-20

India’s Steel Minister Mr RCP Singh informed Lower House of Parliament that the share of domestic steel in the consumption of

India’s Steel Minister Mr RCP Singh informed Lower House of Parliament that the share of domestic steel in the consumption of finished steel during the last three years has gone up while share of steel imports has come down.

2018-19 -98.71 million tonne consumption & 7.84 million tonne import ie 7.9%

2019-20 - 100.17 million tonne consumption & 6.77 million tonne import ie 6.8%

2020-21 - 94.89 million tonne consumption & 4.75 million tonne import ie 5.0%

Apr-Jun’21 - 24.85 million tonne consumption & 1.16 million tonne import ie 4.7%

The details of export and import of finished steel during last three years and current year indicate that India has been a net exporter of finished steel since 2019-20.

2018-19 - 7.84 million tonne import & 6.36 million tonne exports

2019-20 - 6.77 million tonne import & 8.36 million tonne exports

2020-21 - 4.75 million tonne import & 10.78 million tonne exports

Apr- Jun'21 - 1.16 million tonne import & 3.56 million tonne exports

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