Factors influencing growth of indian iron & steel industry

Factors Influencing Growth Of Indian Iron & Steel Industry It is needless to say that in a country like India, the iron & steel industry is at the forefront of industrial preference, especially the steel manufacturing industry. The latter alone plays a big role in infrastructural development ranging from the construction of bridges, railways tracks, ships, power plants, airports, airplanes and so on. Now, the Iron & Steel industry cannot perform at the same pace if not supplied with its extensive amount of raw materials by an Indian mining company. This creates a chain system when India’s development is dependent on the Iron and Steel Industry and that, in turn, is dependent on the Mining Industry for its raw materials.

Wondering what these raw materials are? Let us have a look: Raw Materials For The Iron And Steel Industry In IndiaThe major raw material for the Iron & Steel industry is iron ore, in huge amounts that too. Then comes the fuels required to separate the ore from the metal, i.e. coal or coke. However, they also need a good amount of silica, nickel, tungsten, manganese, limestone, dolomite and refractories for

the manufacturing process.

It is easy to mine iron ore as it is found in places all over India. In fact, in the year 2014, India stood fourth globally in the production of iron ore. Every one tonne of iron and steel requires 1.5 tonnes of iron-ore and lower percentages of other materials. But besides that, one also needs about 50 or more tonnes of water. Not an easy peasy, right? This whole iron and steel manufacturing process?

No! It is not. And, that is why it is held in such high esteem.

However, the good thing is, our country has a huge supply of these raw materials. All you need is a reliable mining company and an iron ore crushing plant in India to set the industry in motion.

And, that search always returns positive results, if you know how to evaluate the quality of services of the mining company. So, now let us get down to that: The Four-Fold Criteria To Select A Mining Company 

Industry Experience – See how many years of experience they have in the industry. The number of years at their back the abler they are to meet your needs in time.

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Clients Served – The Big Names! Look for the big names. If they trust the company, you can do the same.

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Transport & Logistics – It is best to choose an Indian mining company that takes care of the logistics as well. That way, an on-time supply of raw materials will be ensured.

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Cost Efficient Solutions – You have to select a company that offers its services at reasonable rates. In the mining business, there is always a chance to claim exorbitant rates. So, choose wisely.

To sum up, the growth of the Iron and Steel sector is dependent on the following factors: 

There should be a regular supply of a high amount of iron ore and coal. It is always advisable to set up the industry near the coal or iron ore mines.

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Also, the industry should be located near rivers or lakes to mitigate the need for tonnes of water.

And, last but not the least factor, construction of an iron and steel plant requires a lot of resources and capital. Combined with the efforts of an Indian mining company, a large capital and the right resources, the development and maintenance of such a plant may not be so difficult after all.

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-----------------------------Naaraayani Minerals Main Road, Barbil, Dist. Keonjhar Odisha – 758035. India Phone: +91-6767-276511 Mobile: +91-983-0702774 Email: info@naaraayani.com Website: www.naaraayani.com