Question

What are the inputs, processes, and output of the iron and steel industry?

Answer 1

Inputs: Iron ore limestone and coal along with labour, capital, site and other infrastructure can be considered as inputs of the iron and steel industry.

Processes: Many stages are involved in converting iron ore into steel. The raw material is inserted into the blast furnace where it undergoes smelting. It is then refined.

Output: The output achieved is steel which is utilised as a raw material by other industries.