Press Information Bureau
Government of India
Ministry of Steel
26-November-2012 17:2 IST
The Minister of Steel, Shri Beni Prasad Verma has said that according to global rankings released by the World Steel Association (WSA), India was the 4th largest crude steel producer in the world in 2010, 2011 as also during January – September 2012. The details of global rankings of producers in terms of crude steel production during January – September 2012 is given below:-
Top 10 World Crude Steel Producers: January-September 2012 |
Rank | Country | Qty (mt) | % change over Jan-Sept. 2011 |
1 | China | 542.3 | 1.7 |
2 | Japan | 81.3 | 0.4 |
3 | United States | 68.1 | 5.3 |
4 | India | 57.1 | 4.8 |
5 | Russia | 53.7 | 4.3 |
6 | South Korea | 52.1 | 3.0 |
7 | Germany | 32.4 | -5.0 |
8 | Turkey | 27.1 | 8.4 |
9 | Brazil | 26.0 | -3.0 |
10 | Ukraine | 25.10 | -5.3 |
| Top 10 | 965.2 | 1.8 |
| World | 1149.4 | 0.6 |
Source: WSA, JPC; *provisional |
In a written reply in the Lok Sabha today Shri Verma said, to discourage export of iron ore and to improve availability of iron ore to domestic iron and steel industry at affordable price, the Government has increased the export duty on iron ore from 20% ad valorem to 30% ad valorem on all grades of iron ore (except pellets) with effect from 30-12-2011.
He said, Steel is in a deregulated sector in the country and domestic prices of steel are decided by the individual producers based on market conditions including demand supply scenario, international price trend, cost of raw materials and inputs etc. It is, however, mentioned that the steel prices have shown a downward trend during the present financial year as shown in the table below:-
JPC INDICATIVE MARKET PRICE - DELHI
Rs. Per tonne
| TOR / TMT / CTD 10 mm | HR Coils 2.00 mm | CR Coils 0.63 mm |
April – 12 | 51580 | 49070 | 54100 |
May – 12 | 49620 | 49070 | 53580 |
June – 12 | 50280 | 49050 | 53580 |
July – 12 | 50000 | 49050 | 53180 |
Aug – 12 | 49650 | 48800 | 52500 |
Sept – 12 | 49580 | 48840 | 52780 |
Oct - 12 | 49580 | 48770 | 52580 |
***
NSK/DB
Export duty on iron ore increased to discourage exports and secure domestic supply, with pellets exempted. The Government raised the
export duty on iron ore effective 30-12-2011 to discourage exports and improve availability of iron ore to the domestic iron and steel industry at affordable prices; the increase applies to all grades of iron ore except pellets. Steel remains a deregulated sector where domestic prices are decided by individual producers based on market conditions, international price trends and input costs.
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