India Exported 10.78 Million Tonnes Of Finished Steel In 2020-21, Govt Informs Lok Sabha

India’s export of finished steel increased to 10.78 million tonnes in 2020-21 compared to 8.3 million tonnes in 2019-20.

Between April and June of 2021, India exported 3.5 million tonnes and imported 1.1 million tonnes of finished steel.

Also, in 2020-21, while total production stood at 96.2 million tonnes, consumption was 94.89 million tonnes. In the same period, while India exported 10.78 million tonnes, the country imported 4.75 million tonnes of finished steel.

This information was given by the Union Minister for Steel Ram Chandra Prasad Singh in a written reply in the Lok Sabha on Monday (19 July).

Steel being a de-regulated sector, commercial decisions such as exports are taken by the steel companies.

In terms of production among public sector units, Vizag Steel Plant in Andhra Pradesh topped with 4,302 thousand tonnes, followed by Bhilai Steel Plant in Chhattisgarh with 4,244 thousand tonnes.

Among production in private sector units, Odisha topped all states with 17,934 thousand tonnes of finished steel, followed by Jharkhand with 12,169 thousand tonnes.

The total steel production capacity of the country at present is 143.91 million tonnes. As per the Indian Mineral Yearbook, 2019, published by the Indian Bureau of Mines, there were 254 reporting mines in 2018-19, out of which 35 mines were in the public sector and 219 in the private sector.