why is per capita consumption of steel is so low in India
Answers
Steel is used in every important industry: energy, construction, automotive and transportation, infrastructure, packaging and machinery. It is also the main material used in delivering renewable energy such as thermal, solar and tidal power. The housing and construction sector is the largest consumer of steel today, using around 50% of steel produced.
From above given fact, we can say that, India’s energy consumption is also very low; so it will result in less steel requirement. Infrastructure in India is yet developing. Compared to other countries, we can say that, India’s infrastructure is lagging. And after that, renewable energy sectors, you know the percentage of it, compared to non-renewable in India.
For housing and construction sector we can say that, as urbanization increases steel consumption increases. China has 56% urban population, and India has only 30%.
Another reason may be there is not yet any popular industrial revolution in India like other countries had.
Other reasons: Low consumption of steel in India are because of the following reasons:
High costs and limited availability of coking coal
Low productivity of labour
Disrupted supply of electricity
Poor infrastructure
PER CAPITA STEEL CONSUMPTION IS LOW IN INDIA