Iron and Steel Industry


 
 
Concept Explanation
 

Iron and Steel Industry

Iron And Steel Industry:  This is a basic industry since all the other industries-heavy, medium and light. depend on it for their machinery. Steel is needed to manufacture.engineering goods, construction material, a large variety of equipment e.g. medical, telephonic, scientific) and also consumer goods. Its production and consumption is often regarded as the index of a country's development. Iron and steel is a heavy industry because all the raw materials as well as finished goods are heavy and bulky involving heavy transportation costs. Iron , ore, coking coal, limestone and some quantities of manganese are required in approximately 4:2:1 ratio as raw materials to harden the steel for this industry.Facts about Iron and Steel Industry

  • India is the largest producer of sponge iron which is an intermediate product of this industry.
  •  In 2004, India was the largest exporter of steel which accounted for 2.25% of the global steel trade. However, China is the largest producer as well as consumer of steel.
  •  In 2010-11 India's steel production stood at 72.2 million tonnes (4th in the world).
  •  During same period, per capita consumption of steel in the country was only around 49 kg/ annum against the world average of 182 kg/annum.
  • Location of Iron and Steel Industry: Chota nagpur plateau region has the maximum concentration of iron and steel industries because of the low cost of iron ore (locally available), other high grade raw materials available nearby and availability of cheap labour. Most of the public sector undertakings market their steel through Steel Authority of India Limited (SAIL), while Tata Iron and Steel Company Limited (TISCO) markets its products by itself in the name of Tata Steel .

    Challenges for Iron and Steel Industry: India is not able to perform to its full potential in this industry due to;-

  • Limited availability and high cost of coking coal.
  • Poor infrastructure.
  • Low labour productivity.
  • Irregular supply
  • Although India imports good quality steel from other countries, the overall production of steel is sufficient to meet its domestic demand. Liberalisation and Foreign Direct Investment (FDI) have boosted the industry, but to produce steel competitively, better research and development is needed in this area.Mini and Integrated Steel Plants : Mini steel plants are smaller steel plants having electric furnaces. They use steel scrap and sponge iron. They have re-rollers that use steel blocks  as well. They produce mild and alloy steel of given specifications. An integrated steel plant is large. It handles everything in  one complex-from putting together raw material to steel making, rolling and shaping.

    Chapters
    Pre-Historic Period
    Indus Valley Civilization
    Vedic Civilization
    Religious Reform Movement
    The Early Kingdoms
    The Mauryan Empire
    Post Mauryan Period
    The Age Of The Guptas
    Post Gupta Era
    Age of Rajput
    Khilji Dynasty
    Slave Dynasty
    Tughlaq and Sayyid Dynasty
    Vijaynagar Empire And Bahamani Kingdom
    Mughal Empire And Beyond
    Lodhi Dynasty
    Cholas, Chalukyas and Pallavas
    Arab Invasions
    Bhakti and Sufi Movement
    Rise of Sikhs, Jats and Marathas
    Administrative Structure of Delhi Sultanate
    Architecture During Medivial India
    Advent Of The Europeans
    Post Mughal Period
    Rise of New States in 18th Century
    Growth of British Paramountacy
    Socio Religious Reforms
    Constitutional Development of India
    Indian Struggle Against British Rule
    The Revolt Of 1857
    Education Under British Rule
    Role of Press in Freedom Struggle
    First Phase of National Movement
    Second Phase of National Movement
    Third Phase of National Movement
    Constitutional Development in India
    Constituent Assembly
    Union And Its Territory
    Structure of Indian Constitution
    Fundamental Rights and Duties
    The Union Executive
    The Union Legislature
    Constitutional Amendments and Provisions
    Judiciary In India
    Emergency Provisions
    Center - State Relations
    The State Executive
    The State Legislature
    Election Commission Of India
    Constitutional Organisation
    Non-Constitutional Organisation
    Local Self Goverment
    India - Size And Location
    Geological History Of India
    The Physical Features Of India
    Climate Of India
    Soils In India
    Natural Vegetation
    Windlife Conservation In India
    Drainage System of India
    Irrigation System Of India
    Agriculture In India
    Livestock And Fisheries In India
    Minerals And Energy Resources In India
    Means Of Transport In India
    Major Industries In India
    Tribes of India
    Census of India 2011
    Music
    Dance
    Theatre
    Pantings
    Art, Architecture & Culture of India
    Bio-Diversity
    Earth And Its Structure
    Land Rock And Soil
    Atmosphere, Climate And Weather
    Oceanography
    Human And Regional Geography
    Economic Growth And Development
    Sectors Of Indian Economy
    Economic Planning Of India
    Fiscal And Monetary Policy In India
    Infrastructure In India
    Effects Of British Rule On Indian Economy
    National Income
    Banking System In India
    Poverty And Unemployment
    Inflation And Trade Cycles
    Major Institutions
    Environmental Studies
    Tissues In Organism
    Cytology
    Classifucation Of Plants
    Structural Composition Of Plants
    Nutrition In Plants, Harmones And Plant Disease
    Ecosystem
    Classification In Animals
    Nutrition In Animals
    Human Digestive System
    Human Respiratory System
    Human Skeleton System
    Human Excretory System
    Human Nervous System
    Human Circulatory System
    Human Endocrine System
    Human Reproductive System
    Genetics
    Human Diseases
    States Of Matter
    Metals And Non Metals
    Acid Bases And Salts
    Periodic Classification
    Fuel, Combustion And Flame
    Environmental Chemistry
    Rest And Motion
    Work Power And Energy
    Gravitation
    Pressure And Its Effects
    Simple Harmonic Motion
    Sound and Waves
    Heat And Temperature
    Light - Reflection
    Electricity And Magnetism
    Modern Physics
    Force And The Laws Of Motion
    Light - Refraction
    Dispersion And Human Eye
    Magnetic Effect Of Electric Current
    Atom And Molecule
    Chemistry In Everyday Life
    Units And Dimensions
    Content / Category
    Class / Course
     
     
    Related Videos
    Language - Hindi/English


    Students / Parents Reviews [20]