explain what factors will be taken into consideration while setting up an inro and steel industry
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Answer:
Availability of services such as consultants and financial advice. Resources for maintaining labour. Efficient water supply. Cheap power supply.
Explanation:
Factors influencing the locations of Iron and steel industries :
Raw material: Mostly large integrated steel plants are located close to source of raw materials, as they use large quantity of heavy and weight losing raw materials.
Markets: As its heavy & bulky transportation cost is high.
Labour: Availability of cheap labour is also important.
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