Details of steel imported and exported during the last three years, country-wise, are at Annexure-I and II respectively. Table showing total quantum of iron ore and steel produced, per capita consumption of steel in the country during the last three years and the current year are given below:
Steel consumption has been growing at 4 % per annum over past decade. With a production of 89.32 MT of crude steel and production capacity of 118 MT in end of Financial Year 2015-2016, Government does not foresee any shortage of steel in the country. Similarly present production trends of iron ore do not indicate any shortage of iron ore in the country.
(in million tonnes)
Year | Iron Ore Production | Crude Steel Production | Per capita steel consumption (kg) |
2013-14 | 152.18 | 81.69 | 60 |
2014-15 | 128.91 | 88.98 | 60 |
2015-16 | 155.90 | 89.78 | 60 |
2016-17 | 48.20 | Not available | Not available |
(Source: IBM/JPC)
As per available information, the imports of iron ore during the last three years shows fluctuating trends due to various market conditions. Details are given in the table below:-
2013-2014 | 2014-15 | 2015-16 (Prov.) | |||
Qty. | Value | Qty. | Value | Qty. | Value |
369 | 3423552 | 12093 | 65947417 | 7095 | 31957297 |
(Source: IBM)
The comparable domestic prices of steel product in major steel producing countries as compared to India may be seen below. The price of steel in India is comparable to major steel producing countries.
Table 1: Ex- Works Prices of HRC, CRC & Re-bars in June 2016(USD/tonne)
SL.No. | Item | USA | Europe | Japan | Russia | Turkey | India | China |
1. | Re-bars | 620 | 535 | 485 | 474 | NA | 395 | 307 |
2. | Hot Rolled Coils | 699 | 517 | 476 | 491 | NA | 384 | 328 |
3. | Cold Rolled Coils | 915 | 630 | NA | NA | 570 | 438 | 368 |
Source: ERU, JPC
Steel is de-regulated and Government does not try to control its export. As regards Iron Ore, the export duty on Iron Ore is as follows:
Product | Export duty rate |
Iron ore lumps >58% Fe content | 30% |
Iron ore lumps <58% Fe content | 0% |
Iron ore fines >58% Fe content | 30% |
Iron ore fines<58% Fe content | 0% |
Annexure-I | ||||
IMPORT OF TOTAL FINISHED STEEL (‘000t ) | ||||
COUNTRY | 2013-14 | 2014-15 | 2015-16* | April-June 2016-17* |
ARGENTINA | 0.5 | 0.82 | 0.5 | 0 |
AUSTRALIA | 5.1 | 8.28 | 3.9 | 0.74 |
BAHRAIN | 0.8 | 0.22 | 0.1 | 0 |
BELGIUM | 94.8 | 126.13 | 95.7 | 20.82 |
BRAZIL | 70.0 | 128.87 | 186.8 | 6.7 |
CANADA | 18.1 | 7.31 | 6.6 | 0.53 |
CHILE | 0.1 | 0.02 | 0.0 | 0.13 |
CHINA | 1088.4 | 3600.42 | 4125.2 | 510.69 |
DENMARK | 1.0 | 4.78 | 3.9 | 1.48 |
DJIBOUTI | 0.0 | 0 | 0.6 | 0 |
FINLAND | 13.8 | 11.8 | 11.8 | 1.63 |
FRANCE | 36.5 | 155.84 | 66.4 | 31.54 |
GERMANY | 186.0 | 149.03 | 197.3 | 54.27 |
HONGKONG | 0.4 | 1.5 | 0.6 | 1.46 |
INDONESIA | 2.3 | 14.41 | 242.8 | 7.43 |
IRAN | 100.7 | 0 | 20.7 | 7.23 |
ITALY | 25.2 | 54.95 | 28.3 | 6.23 |
JAPAN | 1355.7 | 1583.31 | 2160.4 | 299.83 |
KAZAKHSTAN | 8.1 | 8.93 | 4.9 | 0 |
KOREA | 1312.6 | 1874.93 | 3007.3 | 511.26 |
KUWAIT | 0.1 | 1.79 | 0.0 | 0 |
MALAYASIA | 29.9 | 95.99 | 53.1 | 6.29 |
NETHERLANDS | 21.6 | 40.21 | 16.0 | 3.62 |
ROMANIA | 26.2 | 11.14 | 1.9 | 0.27 |
RUSSIA | 145.9 | 226.02 | 364.4 | 168.92 |
SAUDI ARABIA | 47.8 | 4.19 | 0.8 | 0.11 |
SOUTH AFRICA | 44.1 | 71.47 | 51.8 | 7.56 |
SPAIN | 21.1 | 29.67 | 28.3 | 5.78 |
SRI LANKA | 0.2 | 0.12 | 0.4 | 0.18 |
TAIWAN | 118.8 | 190.33 | 202.4 | 45.28 |
THAILAND | 21.9 | 15.93 | 41.9 | 17.8 |
TURKEY | 14.1 | 29.09 | 1.2 | 0.29 |
U.K. | 28.0 | 30.26 | 30.7 | 5.06 |
UAE | 19.6 | 34.14 | 36.4 | 6.61 |
UKRAINE | 323.0 | 348.77 | 238.3 | 14.76 |
USA | 79.3 | 120.12 | 82.5 | 19.77 |
Others | 188.7 | 339.24 | 397.0 | 67.73 |
Total | 5450 | 9320 | 11711 | 1832 |
Source: JPC; *provisional |
Annexure-II | ||||
EXPORT OF TOTAL FINISHED STEEL (‘000 tonnes) | ||||
Country | 2013-14 | 2014-15 | 2015-16* | Apr-June 2016-17* |
AUSTRALIA | 48.3 | 49.29 | 29.38 | 16.31 |
BAHARIN | 14.7 | 8.48 | 12.41 | 0.73 |
BANGLADESH | 95.9 | 136.5 | 55.06 | 21.04 |
BELGIUM | 395.0 | 198.39 | 287.42 | 144.10 |
BHUTAN | 0.0 | 0 | 0.00 | 0.00 |
BRAZIL | 37.6 | 42.95 | 11.98 | 2.37 |
CANADA | 60.6 | 132.95 | 17.32 | 6.36 |
CHILE | 18.3 | 9.51 | 18.35 | 2.14 |
CHINA | 11.2 | 3.32 | 3.92 | 1.00 |
COLOMBIA | 34.5 | 34.03 | 15.90 | 5.59 |
CONGO | 6.8 | 3.83 | 3.25 | 0.21 |
DENMARK | 2.2 | 9.69 | 8.90 | 1.16 |
DJIBOUTI | 18.1 | 21.45 | 22.98 | 9.01 |
ECUADOR | 47.9 | 31.99 | 16.78 | 7.32 |
EGYPT | 33.4 | 9.82 | 17.30 | 4.51 |
ETHIOPIA | 109.8 | 133.58 | 157.82 | 47.12 |
FINLAND | 0.4 | 0.59 | 14.33 | 0.70 |
FRANCE | 7.6 | 9.46 | 19.75 | 2.07 |
GERMANY | 28.8 | 54.84 | 47.13 | 12.99 |
GHANA | 68.9 | 39.25 | 41.24 | 14.07 |
GREECE | 10.0 | 12.2 | 46.57 | 5.12 |
INDONESIA | 126.5 | 83.87 | 118.33 | 32.14 |
IRAN | 179.9 | 495.8 | 321.43 | 8.03 |
IRAQ | 19.6 | 8.27 | 30.84 | 1.18 |
ISRAEL | 3.7 | 5.47 | 6.66 | 1.54 |
ITALY | 442.1 | 470.86 | 345.41 | 100.86 |
JAPAN | 0.7 | 0.48 | 0.56 | 0.22 |
JORDAN | 3.4 | 0.73 | 1.89 | 0.05 |
KAZAKHSTAN | 0.0 | 0 | 0.00 | 0.00 |
KENYA | 197.6 | 61.28 | 45.65 | 7.28 |
KOREA | 24.7 | 26.63 | 26.57 | 6.01 |
KUWAIT | 26.7 | 12.83 | 28.16 | 10.73 |
MADAGASCAR | 0.0 | 11.81 | 15.91 | 4.63 |
MALAYASIA | 70.3 | 96.55 | 46.31 | 49.08 |
MALDIVES | 3.6 | 4.32 | 9.17 | 2.59 |
MEXICO | 35.3 | 45.29 | 52.66 | 8.38 |
MOROCCO | 0.6 | 1.44 | 2.52 | 3.29 |
MYANMAR | 50.7 | 29.48 | 18.49 | 5.56 |
NEPAL | 75.7 | 236.35 | 310.54 | 128.27 |
NIGERIA | 109.1 | 30.36 | 39.37 | 0.77 |
PERU | 28.2 | 44.33 | 71.16 | 13.78 |
PHILIPPINES | 11.9 | 6.08 | 7.20 | 2.86 |
POLAND | 36.1 | 34.56 | 39.19 | 12.44 |
QATAR | 14.7 | 11.55 | 9.03 | 3.68 |
ROMANIA | 28.0 | 27.69 | 27.24 | 5.22 |
RUSSIA | 71.3 | 27.85 | 20.56 | 5.28 |
SAUDI ARABIA | 319.3 | 248.86 | 60.50 | 14.56 |
SOUTH AFRICA | 56.3 | 36.89 | 19.60 | 3.55 |
SPAIN | 145.3 | 180.41 | 155.44 | 46.54 |
SRI LANKA | 127.8 | 138 | 100.51 | 30.35 |
SWEDEN | 4.5 | 4.48 | 3.16 | 2.34 |
TAIWAN | 79.7 | 129.46 | 12.90 | 10.16 |
TANZANIA | 80.1 | 41.18 | 25.75 | 3.75 |
THAILAND | 283.7 | 188.13 | 69.80 | 13.97 |
TURKEY | 34.9 | 49.66 | 44.66 | 46.25 |
U.K. | 121.4 | 64.56 | 39.34 | 8.86 |
UAE | 585.2 | 606.05 | 315.93 | 130.31 |
UKRAINE | 8.5 | 10.89 | 1.05 | 0.65 |
USA | 591.8 | 501.29 | 295.63 | 42.89 |
VIETNAM | 409.4 | 163.12 | 38.11 | 44.75 |
OTHERS | 526.8 | 516.03 | 453.97 | 110.11 |
TOTAL | 5985 | 5595 | 4079.00 | 1227 |
Source: JPC’ *provisional |