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The Iron and Steel Industry of India
The Iron and Steel Industry in India was earlier categorized
as main producer consisting of various integrated Steel Plants
based on BF-BOF Route and secondary producers consisting of
Electric Arc Furnace units, Induction Furnace units, Rerollers,
Stand alone Cold Rolling and GP/GC Sheet units etc. Besides
there are stand alone Pig Iron units, Sponge Iron units, Wire
Drawing units etc. Today there are large units of capacity of
one million tonnes or more based on DRI-EAF or COREX-BOF Route
and hence earlier categorisation is infructuous such as Integrated
Steel Plants based on BF-BOF Route, Units based on BF-BOF Routes,
Major Producers based on EAF/EOF,COREX etc, Mini Steel Plants
& Stand alone Finished Steel Producers, Electric Arc Furnace
Units, Rerolling Units, HR Coil Units, Cold Rolling Units, GP/GC
Units and Color coated Units,Tin Plates, Steel Wire Drawing
Industry, Unorganised Sectors, Pig Iron, Sponge Iron, Alloy
and Special Steels, Stainless Steel, Ferro Alloys.
Imports of Iron & Steel
Iron & Steel are freely importable as per the Extant Policy.
India has been annually importing around 1.5 Million Tonnes
of steel.
Rising trend of imports during last few years is indicative
of unhindered imports/dumping
from CIS countries.
To check unbridled cheap imports of steel the Government has
fixed floor prices for
seven items of finished steel viz. HR coils, HR sheets, CR coils,
Tinplates, CRNO and &ASBR.
Anti dumping duty has been levied on import of HR coils from
Russia and Ukraine.
Exports of Iron & Steel
Iron & Steel are freely exportable.
Advance Licensing Scheme allows duty free import of raw materials
for exports.
Duty Exemption Pass Book Scheme also facilitates exports.
Iron & Steel exports showed a significant increase during
last few years.
In 1998-99 exports declined.
Many steel products were subject to anti-dumping/anti subsidy
duties/investigations in EU/USA during the year.
This category site of Webindia has listings of Leading Indian
Steel Industries,Global Steel Links and Steel Associations.
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