IRON AND STEEL INDUSTRY

IRON AND STEEL INDUSTRY

IRON AND STEEL INDUSTRY

• Oldest Iron and Steel center of India is a private enterprise.
• It was established in 1907 by Jamshedji Tata in the Singhbhum district of Jharkhand.
• All other industries depend on steel consumption.
• India became the second top steel producer in January 2019.

WHAT IS THE IMPORTANCE OF THESE INDUSTRIES?

• The growth of the steel sector is linked to the growth of a society.
• Modern industrialization is done with the development of the iron and steel industry.
• Important for the regional development of the located areas.
• Huge employment generation.
• Other sectors like transportation - roads, railways, airways, and canals also benefits.

WHAT ARE LOCATION FACTORS FOR THESE INDUSTRIES?

• It uses a large quantity of lose raw material like manganese, limestone, dolomite, chromite.
• Based on near availability of market as transport cost of steel product is more than coal.
• Optimum transportation cost of carrying raw material and finished products.
• Due to popularity of the open-hearth processes, scrap has become a very important raw material.
• Port location provides easy and cheap transportation.
• West Bengal and the nearby regions provide Cheap and abundant labour.

WHERE IS IRON ORE LOCATED IN INDIA?

WHERE IS IRON & STEEL INDUSTRY LOCATED IN INDIA?