PART – A
India is gifted with large quantity of iron ore with high ferrous content, which isthe crucial raw material for producing the steel. Hence India is one of the largestproducers of steel in the world.With the help of liberalization, globalization of economy in the process, thereis a scope for economic development, which means there will be focus oninfrastructure. This will lead to considerable demand for steel. As its mainapplications are in the construction, engineering and automobile sectors, which arethe key elements in building infrastructure, steel is universal intermediate and hasvery strong forward and backward linkages hence steel industry has become one of the core sector of the economy.Though India one of the large steel producers, it has low perceptsconsumption of steel in comparison with order developing and developed countries.India is fortunate in having intensive iron ore deposits with reserves estimatedat 10.3 billion, which is more than 1/4
of the world reserves. Further the averageiron ore content of Indian ore is above 60% in India, the iron ore reserves are mainlyfound in the states like Orissa, Karnataka, Bihar, M.P, Goa, A.P., Rajasthan andsome parts of Western Maharashtra. When, we think of the steel Industry, the first thing that comes in to our mindis pig iron. This is because of its name. When metal from blast furnace is paired in toMoulds and solidifies it assumes a shape which resembles the back of a pig, hencecalled as pig iron.