May I 2021

STEEL

Total Crude Steel Production (million tonnes) Consumption of Steel (million tonnes)

100.0
110.9 97.5
108.5
103.1 90.7
85.6
92.8

MARKET
SIZE FY18 FY19 FY20 FY21*
FY18 FY19 FY20 FY21*
Note: P – Provisional, *- until Febuary 2021

Steel

Form Composition End use

Liquid Crude Finished Non-alloy Structural

Alloy
Steel Steel Steel Steel Steel

Constructio
SECTOR Ingots Flat Stainless Low Carbon n Steel

COMPOSITION
Silicon Medium Rail Steel
Semis Non-flat Electrical Carbon

Per-capita Consumption of Steel (in kgs) Finished Steel Export (million tonnes)
74.1

9.6 9.5
68.9 8.2 8.2
65.3 6.4
64.0
4.1

KEY
TRENDS
FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY20P FY21*
Note: P – Provisional, *- until February 2021

Steel Research and Production-Linked National Steel Policy

GOVERNMENT Technology Mission of Incentive (PLI) Scheme 2017
India (SRTMI)
INITIATIVES

• Robust demand: India’s finished steel consumption is anticipated to increase to 230 MT by 2030-31^ from 98.71 MT in 2018-19. In April
2021, India’s finished steel consumption stood at 6.78 MT.

• Competitive advantage: India was the world’s second largest producer of crude steel (up from eighth spot in 2003) with 111.2 MT by 2019.

• Policy support: Under the Union Budget 2020-21, the government allocated Rs. 39.25 crore (US$ 5.4 million) to the Ministry of Steel.

• Increasing investments: The industry is witnessing consolidation of players, which has led to investment by entities from other sectors. The
ongoing consolidation also presents an opportunity to global players to enter the Indian market.

ADVANTAGE
INDIA

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