Question

Consider the following statements related to Steel industry in India
1. A major steel producer, China, due to weakening global demand but over capacity of its steel industry is dumping steel in Indian markets ,which reduces the demand for domestic steel.
2. Technological inefficiency and per capita labor productivity has reduced the competitiveness of India steel industry.
Which of the above statements is/are correct?

• A. a) Only 1
  
• B. b) Only 2
  
• C. c) Both
  
• D. d) None
  

Answer 1

The correct option is C c) Both


Answer- c
The major issues that the Indian iron & steel industry has been facing for the last few of years are weakning global demand,cheap imports,outdated technologies, raw material troubles etc.