Production and consumption of Iron and Steel industry is very important for India's development support this statement with two arguments. The sugar industry is now shifting from north to thr south. Elaborate three reasons:
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Answer:
Explanation:
The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output. The Indian steel industry is modern with state-of-the-art steel mills
Iron and steel are among the most important components required for the infrastructure development in the country. ... The amount of crude steel produced in 2006-07 was 50.71 million tons. The amount of finished steel produced in 2006-07 was 51.9 million tons. The production of finished steel was increased by 16.52%.
India is an important iron and steel producing country in the world yet, we are not able to perform to our full potential due to: High costs and limited, availability of coking coal. Lower productivity of labour. Irregular supply of energy.
The main challenges facing the steel industry today are overcapacity, high raw material/energy costs and price volatility.
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