Answer:
Today with 32.8 million tonnes of steel production, India ranks 9th among the world crude steel producer. It is the largest producer of sponge iron. Inspite of large production of steel per capita consumption per annum is only 32 Kg. India?s export of steel is 2.25% of the global steel trade. Though India has many advantages for the development of this industry, which includes low cost of iron ore, high grade raw material in proximity, cheap labour and vast growth potential in home market. Yet we are not able to perform to our full potential largely due to: (i) High cost and limited availability of cooking coal. (ii) Lower productivity of labour. (ii) Irregular supply of energy. (iv) Poor infrastructure.
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