What are the factors that influence the location of an iron and steel industry?

  • Availability of raw material like iron ore, coal , limestone etc.
  • An efficient transportation and infrastructure facility for import and export of finished goods.
  • Availability of service sector , heavy funding is required and hence adequate availability of capital, Human capital for managerial roles
  • Demand for iron and steel or the market has to be there. Growing infrastructure sector , construction sector help to set up the iron and steel industry.
  • Government policies and regulations should be conducive for the setting up of iron and steel industries. Land acquisition and ease of doing business should be a complex free task. Law and order shall be maintained, Unambiguous taxation policies.

 

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