did the iron and steel industry get an opportunity to grow later in India justify your answer
Answers
Answer:
Yes,iron and steel industry get an opportunity to grow later in India
Though India is an important producer of iron and steel in the world, we are not able to perform to our full potential largely due to:
a) High cost: Limited availability of coking coal as the amount of coking coal is limited, its cost in India is high therefore the industry faces difficulty in buying it.
b) Low productivity of labour.
c) Irregular supply of energy: There is an irregular supply of electricity in India, so that work becomes more difficult.
d) Poor infrastructure: The technological development in India is less as compared to other countries.
e) There is a need to allocate resources for research and development to produce steel more competitively to raise their standards to meet international levels.
Explanation:
The iron and steel industries are among the most important industries in India. During 2014 through 2016, India was the third largest producer of raw steel . In 2019 India became the 2nd largest steel producer in the world after China .[1] and the largest producer of steel iron in the world. The industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most iron and steel in India is produced from iron ore.[2]
Policy for the sector is governed by the Indian Ministry of Steel, which concerns itself with coordinating and planning the growth and development of the iron and steel industry, both in the public and private sectors; formulation of policies with respect to production, pricing, distribution, import and export of iron and steel, ferro alloys and refractories; and the development of input industries relating to iron ore, manganese ore, chrome ore and refractories etc., required mainly by the steel industry.
Most of the public sector undertakings market their steel through the Steel Authority of India (SAIL). The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.
Contents
1 Steel plants
2 Current steel plants in India
3 Structure
4 National steel policy
5 Production
5.1 Production (in million tonnes)
6 Steel prices
7 Import and export
7.1 Imports
7.2 Exports
8 History
8.1 Early
8.2 Medieval
8.3 Colonial era
8.3.1 Native Arms production
8.4 Modern era
9 Bibliography
10 References
Steel plants
There are two types of steel plants - mini steel plants and integrated steel plants. About half of the country's steel is produced by medium and small enterprises.[3]
Mini steel plants are smaller, have electric furnaces and use steel scrap as well as sponge iron. They have re-rollers that use steel ingots as well. They produce Carbon steel and alloy Steel of certain specifications. There are around 650 mini steel plants in India.
Integrated steel plants are large, handle everything in one complex - from putting together raw material to steel making, rolling and shaping. Iron ore, coke, and flux are fed into the blast furnace and heated. The coke reduces the iron oxide in the ore to metallic iron, and the molten mass separates into slag and iron. Some of the iron from the blast furnace is cooled, and marketed as pig iron; the rest flows into basic oxygen furnaces, where it is converted into steel. Iron and steel scrap may be added to both to the blast furnace and to the basic iron furnace. There are about five integrated SAIL plants in India.