Give the characteristics of iron and steel industry 0
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About 70 percent of the finished steel produced in the United States is shipped to five domestic markets. The automotive industry takes the greatest share, about 20 percent. Almost 20 percent goes into the warehouses of steel service centers, where the metal is sold as bar stock or plate, or it is processed to order for specific industrial applications.
Some 15 percent is used, either directly or indirectly, for construction. Cans and other containers take about 6 percent of the production of finished steel. Another 6 percent goes directly from the mill to farm and electrical equipment manufacturers.
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Iron and steel industry is widely distributed in the world. United States, countries of western Europe, Russia, Ukrain, China and India are the main producers of iron and steel in theworld. ... Russia: Urals, Kuzbas and Moscow-Tulla areas. Ukraine: The main centres are found in Dnipropetrovsk.
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