The domestic demand for the long steel products is estimated as 54.3 MT by the year 2016-17
The production of iron ore in the country has been above the domestic requirements during the last three years. Details on last three years' iron ore production, domestic consumption, import/export, share of export vis-a-vis production are given in the table below:- Year Iron ore production Domestic Consumption/ Requirement (e) Iron Ore Import * Iron Ore Export * Share of Export with production2010-11 207.16 107.22 1.87 97.66 47.10%2011-12 168.58 100.57 0.97 61.74 36.60%2012-13* 136.02 103.4 3.05 18.37 13.50%[In Million Tonnes (MT)](Source: Production/Consumption - Indian Bureau of Mines, Ministry of Mines; Import/Export - MMTC, Ministry of Commerce; * Provisional; e Estimated)As per the report of the Working Group on Steel Industry for the 12th Five Year Plan, the iron ore requirement for the year 2013-14 is 149.43 MT. Also the domestic demand for the long steel products is estimated as 54.3 MT by the year 2016-17.
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