Question

give a brief account of the factors necessary for the establishment of iron and steel industries?

Answer 1

Answer:

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Answer 2

The primary factor is, of course, avail­ability of raw material, market, energy supply and labour. While second category of factors are the factors of survival, such as (i) establishment costs like taxes, duties, rent, etc., and (ii) production cost, e.g., labour, wage, transport charges, sales tax, income tax, etc.

Basically, iron and steel industry is a resource-based industry; therefore, its location is determined by raw materials as well as by availability of power resources. The capital, market and transport are the other factors influencing the localisation of iron and steel industry.

Raw material and power resources are key components of the establishment, development and concentration of iron and steel industry. Many of the world’s famous steel centres of today have had their inception during the 19th and early 20th centuries at the places where iron ore and/or coal were available.

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