Economy, asked by pavanchowdary5629, 1 year ago

Discuss the growth and problems of iron and steel industries.

Answers

Answered by Kritikachouhan123
4

Answer:

(i) The growth of iron and steel industries :-

Development of Iron and Steel Industry. Steel is the backbone of the economic activity of any country. ... The local deposits of iron ore and coal, which are the raw materials for the production of iron, that have been identified in several Locations in the country have not attracted commercial interest.

(ii) problems of iron and steel industries:-

According to a research, the potential usage of steel and iron is quite low. ... For instance, Durgapur steel plant makes use of approx. 50% of its potential which is caused by factors like strikes, shortage of raw materials, energy crisis, incompetent administration, etc

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