Question

describe the three major problems faced by Iron and Steel industry in India.

Answer 1

the three major problem faced by iron and steel industry in India are

1)the cost of coal in India is high and iron and steel industry face problems difficulty in buying it.
2)more labour are not available to work in iron and steel industry
3)there is an irregular supply of energy and electricity so that works becomes more difficult.
i think my answer is helpful for u

Answer 2

Problems of Iron and Steel Industry in India:

i. The iron and steel industry requires huge capital investments, which a developing country like India cannot afford.

ii. Most of the public sector plants are functioning inefficiently and thus incurring heavy losses.

iii. The per capita labour productivity in India is one of the lowest in the world.

iv. The under-utilisation of capacity leads to high cost of production. This is mainly due to strikes and lockouts.

v. The old technology needs to be updated and this needs very heavy investment.

vi. The control of prices by the government leaves very limited profits for future upgradation.

vii. The high-grade coking coal reserves are limited and India has to import coking-coal at market rates.

viii. Our old technology of smelting and steel making is expensive and yields inferior quality products.

ix. There is a limited demand for our products in the world market.

hope it helps you dear...........................