Question

Write the answers of the following questions in 120 words.
How are integrated steel plants different from mini steel plants? What problems does the industry face? What recent developments have led to a rise in the production capacity?

Answer 1

Mini steel plants are smaller, haveelectric furnaces, use steel scrap and sponge iron. They have rerollers that use steel ingots as well. They produce mild and alloy steel of given specifications.

An integrated steel plant is large, handles everything in our complex-from putting together raw material to steel making, rolling and shaping. The problems that industry has to face are:

1. Lower productivityof labor.
2. Poor infrastructure
3. Irregular supply of energy
4. High costs and limited availability of working costs.

The recent developments which have led to a rise in the production capacity:

1. Foreign direct investment (FDI) with the efforts of private entrepreneurs.
2. Liberalisation.
3. Improvement in production process by the use of newer technologies.