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Question
Which one of the following agencies markets steel for the public sector plants?
Which one of the following agencies markets steel for the public sector plants?
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Solution
The correct option is B SAIL
Answer: The Correct answer is option (B) – SAIL (Steel Authority of India Limited)
Steel Authority of India Limited (SAIL)
- SAIL operates and owns 5 integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur(Asansol) and 3 special steel plants at Salem, Durgapur and Bhadravathi.
- Headquarters of SAIL is in New Delhi.
Steel Industry in India
- The maximum concentration of iron and steel industries is in Chotanagpur Plateau.
- This region has relative advantages for the development of this industry.
- Some of them advantages are vast growth potential in the home market, cheap labour, availability of high grade raw materials in close proximity, and low cost of iron ore.
- Through Steel Authority of India Ltd. (SAIL), most of the public sector undertakings market their steel.
- With the efforts of private entrepreneurs, aided by Foreign Direct Investment (FDI), and Liberalisation, the steel industry in India received a big boost.
- India accounted for 2.25% of the global steel trade and was the largest exporter of steel in 2004.
- Almost the same quantity of steel was produced in the 1950s by India and China.
- Today China is both the world’s largest consumer and the world’s largest producer of steel.
Problems – Indian Steel Industry
India has not reached its full potential though it is an important iron and steel producing country in the world. The reasons are mentioned below:
- Poor infrastructure
- Irregular supply of energy
- Lower productivity of labour
- High costs and limited availability of coking coal
Mini Steel Plants
- Mini steel plants are smaller. They produce mild and alloy steel of given specifications. They have re-rollers that use steel ingots as well. They use sponge iron, steel scrap and have electric furnaces.
Integrated Steel Plants
- An integrated steel plant is large, in one complex everything is handled – from shaping, rolling, steel making, putting together raw material.
SAIL
Answer: The Correct answer is option (B) – SAIL (Steel Authority of India Limited)
Steel Authority of India Limited (SAIL)
- SAIL operates and owns 5 integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur(Asansol) and 3 special steel plants at Salem, Durgapur and Bhadravathi.
- Headquarters of SAIL is in New Delhi.
Steel Industry in India
- The maximum concentration of iron and steel industries is in Chotanagpur Plateau.
- This region has relative advantages for the development of this industry.
- Some of them advantages are vast growth potential in the home market, cheap labour, availability of high grade raw materials in close proximity, and low cost of iron ore.
- Through Steel Authority of India Ltd. (SAIL), most of the public sector undertakings market their steel.
- With the efforts of private entrepreneurs, aided by Foreign Direct Investment (FDI), and Liberalisation, the steel industry in India received a big boost.
- India accounted for 2.25% of the global steel trade and was the largest exporter of steel in 2004.
- Almost the same quantity of steel was produced in the 1950s by India and China.
- Today China is both the world’s largest consumer and the world’s largest producer of steel.
Problems – Indian Steel Industry
India has not reached its full potential though it is an important iron and steel producing country in the world. The reasons are mentioned below:
- Poor infrastructure
- Irregular supply of energy
- Lower productivity of labour
- High costs and limited availability of coking coal
Mini Steel Plants
- Mini steel plants are smaller. They produce mild and alloy steel of given specifications. They have re-rollers that use steel ingots as well. They use sponge iron, steel scrap and have electric furnaces.
Integrated Steel Plants
- An integrated steel plant is large, in one complex everything is handled – from shaping, rolling, steel making, putting together raw material.
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