Question

What are the main problems faced by the iron and steel industry in India?

Answer 1

Though India is an important producer of iron and steel in the world, we are not able to perform to our full potential largely due to:

• a) High cost: Limited availability of coking coal as the amount of coking coal is limited, its cost in India is high therefore the industry faces difficulty in buying it.
  
• b) Low productivity of labour.
  
• c) Irregular supply of energy: There is an irregular supply of electricity in India, so that work becomes more difficult.
  
• d) Poor infrastructure: The technological development in India is less as compared to other countries.
  
• e) There is a need to allocate resources for research and development to produce steel more competitively to raise their standards to meet international levels.