Question

how was IRON and STEEL industry declined in India ?​

Answer 1

Though India started steel production in 1911, steel exports from India began only in 1964. Exports in the first five years were mainly due to recession in the domestic iron and steel market. Once domestic demand revived, exports declined.

Answer 2

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Iron and Steel industry is declining in India,

$\sf{\underline{Because:}}$


=> $\sf{Cheap\:Imports.}$

=> $\sf{Raw\:Material\:Troubles.}$

=> $\sf{Changing\:Government\:Policies.}$

=> $\sf{Low\:Capacity\:Utilization.}$

=> $\sf{Inferior\:Product\:Quality.}$

=> $\sf{Power\:Problems.}$

=> $\sf{Lack\:of\:Capital.}$

=> $\sf{High\:Interest\:Cost.}$

=> $\sf{Short-term\:View\:of\:a\:Steelmaker.}$

=> $\sf{Outdated\:Technologies.}$


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