Question

iron and steel industry​

Answer 1

Explanation:

The iron and steel industry is one of the most important industries in India. During 2014 through 2016, India was the Second largest producer of raw steel and the largest producer of sponge iron in the world. The industry produced 91.46 million tons of total finished steel and 9.7 million tons of raw iron.

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Answer 2

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Iron is required for making machineries for all other industries hence it is the basic industry. Due to this, production and consumption of steel is often regarded as the index of a country’s development.

India is 9th among the world crude steel producers and produces 32.8 million tons of steel. India is the largest producer of sponge iron. But per capita consumption of steel is only 32 kg per annum.At present, there are 10 primary integrated steel plants in India. Additionally, there are many mini steel plants in the country. SAIL (Steel Authority of India Limited) is the major public sector company in this sector, while TISCO (Tata Iron and Steel Company) is the major private sector company in this industry.

Most of the iron and steel industries are in the Chhotanagpur plateau region. This region has plenty of low cost iron ore, high grade raw materials, cheap labour and good connectivity through railways and roadways.

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