Question

what are the co ditions necessary for the develipment of iron and steel industry

Answer 1

Dear Student,

Hint: India is the largest producer of Direct Reduced Iron (DRI) or Sponge Iron in the whole world.

The Indian Iron & Steel industry needs to pursue research for development & adoption of such technologies which are: -

1) Relevant to natural resource endowment of the country,
2) Which minimise damage to the environment,
3) Optimise resource utilization,
4) Facilitate achievement of global standards of productivity & efficiency and development of front end & strategic steel based materials.
​​​​The importance of the R&D intervention is to find out techno-economic solutions to use indigenous raw material resources. Another area that requires attention is the product development to develop and produce high performance steel indigenously.

Note: Indian steel company focus more on the process related to the saving costs and improving efficiency.

Regards