Steel and its auxiliary industries have been playing a vital role in national industry growth story. Ministry of Steel, Government of India, is the apex Ministry for formulating all policies related to steel production, distribution and pricing etc. Datasets released by the Ministry of Steel on Open Government Data Platform shows the growing demand of Steel and role of India in the international market.
The Ministry has shared 3 catalogs having time series data on production, consumption, import and export of various categories of Steel, finished steel, Pig Iron, Sponge Iron and crude steel.
Follow are the links to refer the catalogs and access the datasets:
Analysis of Datasets contributed by Ministry of Steel
Analysing the above datasets showcases a distinctive growth in production of crude steel in India from 81.69 million tonnes in 2013-14 to 103.131 million tonnes in 2017-18, making it 2nd largest producer of crude steel that year.
The production is categorised into public sector and private sector manufacturers which produced 19.75 million tonnes and 83.38 million tonnes respectively.
Figure: 1 – Production of Crude Steel in India from 2013-14 to 2017-18
A similar growth trend can also be observed in production of finished steel (alloy + non alloy) as well. With 87.6 million tonnes produced in 2013-14 over 126.85 million tonnes in 2017-18 a growth of 44.69% can be marked in this category.
Finished Steel can be categorised into Alloy/Stainless steel and Non-Alloy finished steel each producing 8.9 million tonnes and 117.914 million tonnes of steel in 2017-18 respectively.
Figure: 2 – Trend in Finished steel production, consumption, import and export from 2013-14 to 2017-18
India is the largest producer of sponge iron in the world. There has been an upward trend in the production of Sponge Iron where the production rose from 22,872 thousand tonnes in 2013-14 to 30,511 thousand tonnes in 2017-18.
Figure: 3- Production of Sponge Iron in India from 2013-14 to 2017-18
India majorly imports Finished steel from Korea, China and Japan. During 2017-18 India imported finished steel of 2273.83 ‘000 tonnes (worth 11,286 Rs. Crores) from Korea 1873.48 ‘000 tonnes (worth 9,549 Rs. Crores) from China, and 1066.07 ‘000 tonnes (worth 6,040 Rs. Crores) from Japan.
Figure: 4 – Import of finished steel from various countries during 2017-18
The National Steel Policy of India, 2017, has envisaged 300 million tonnes of production capacity by 2030. Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.
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Data Sources used for analysis: