Iron and Steel Industry
The Iron and Steel industry is known as the backbone industry as a wide range of enterprises which include heavy, medium, and light industries rely upon the Iron and Steel Industry for their apparatus and work. It is referred to as heavy industry, since every one of the natural substances, is weighty and also cumbersome, and includes substantial transportation costs.
The advancement of the country depends upon the creation and utilization of steel. Iron metal, coking coal, and limestone are needed in a correct proportion of 4:2:1 for fabricating steel. A certain amount of manganese is also added to solidify the steel. Steel is used for a variety of purposes like development material, safeguard, telephonic, logical hardware, etc.
India was positioned second in 2018, among the world’s unrefined steelmakers, and was the biggest maker of wipe iron. Chotanagpur plateau is known for its Iron and Steel ventures, as minimal cost on iron, a high grade in the vicinity, and immense potential for development.
Mineral-based Industries
Mineral-based industries are those industries that deal with the Iron and Steel Industry, which is known to be unrealized Potential in India. Mineral-based industries are referred to as the main industries which get their raw materials from the mineral ores and provide employment to both rural and urban people.