How are integrated steel plants different from mini steel plants? What problems does the industry face
Answers
Answer:
Integrated steel plants are large plants which handle everything from putting together of raw material to steel making.
Mini steel plants are small industries which are involved in making mild and alloy steel of given specifications.
Problems faced by iron and steel industry:
High cost of investment
Limited availability of coking coal that is used in smelting of iron
Low productivity of labor
Poor infrastructure
Irregular power supply.
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Answer:
Differences between integrated steel plants and mini steel plants:
Mini steel plants are smaller, have electric furnaces, use steel scrap and sponge iron. They have re-rollers that use steel ingots as well. They produce mild and alloy steel of given specifications.
An integrated steel plant is large, handles everything in one complex – from putting together raw material to steel making, rolling and shaping.
The following problems are being faced by the industry:
(a) High costs and limited availability of coking coal
(b) Lower productivity of labour
(c) Irregular supply of energy
(d) Poor infrastructure.
Recent Developments:
Liberalisation and Foreign Direct Investment have given a boost to the industry with the efforts of private entrepreneurs.
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