difference between the iron and steel industry of usa and india
Answers
The Indian Steel industry has a long history. This history can be traced back to 400 BC.
The first remarkable attempts to revive the Steel Industry in India was made in the year 1874.
According to many, it was Jamshed Ji Tata who laid the foundation of heavy industries In India. India’s steel and Iron Industry has played a significant role in the economic growth of the country.
Continuous modernization and up gradation of the old plants,Giant mills, global scale capacity, improving energy efficiency along with backward integration to the global raw material sources has to lead the country's steel iron industry to a higher position in the global map.
Furthermore, quite a lot number of new plants are installed in the country as a result of huge foreign investment and state of the art technology. India's first steel plant Tata Steel was set up in the year 1907.
During the year 2014 to 2016, India was regarded as the third largest producer of raw steel.
In addition during these years, the country was the largest producer of sponge iron in the world.
India’s Iron and Steel Industry produced 91.46 million tons of total finished steel and 9.7 million tons of raw iron. In India most iron and steel is produced from iron ore.
This industry is characterizing in India with robust demand, increasing investment, Policy support and competitive investment.
The United States was the world’s third-largest producer of raw steel in the year 2014. In the same year, the USA was the sixth-largest producer of pig iron. The iron and steel industry of USA produced 29 million metric tons of pig iron and 88 million tons of steel.
Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore, unlike India.
The country is known to be a major importer of iron and steel, as well as iron and steel products.
In the USA there are two main types of steel mills. First is the traditional large integrated steel mill. These mills reduce metallic iron from ore and make it into pig iron and steel. The second type of mill is the mini-mill or specialty steel mill.
These mills produce new steel products by melting steel scrap. These mills now produce the majority of steel in the USA.
The iron and steel industry of usa and india differ on the basis of location.
Explanation:
- The iron and steel in the USA are located in Pittsburg and that of India is located in Jamshedpur.
- The USA industry began its operation in the 19th century. While that of TISCO began in 1907's.
- The raw materials were available locally, the geographic conditions pf Pittsburg has favorable topography and climate. India had government imitative, adequate capital and localization of raw materials.
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- brainly.in/question/7440311 answered by Arslankincsem.