Iron and Steel Industry
This is called a basic industry, because of this industry provides the raw materials to machinery, railways, ship building, power projects, irrigation projects, building construction, house construction etc.
There are nine big iron and steel plants are in India. The first steel plant of the country was established in the year 1870 at Kulti in West Bengal known as Bengal Iron Company Ltd. Subsequently in the year 1907 Tata Iron and Steel Industry near Jamshedpur and in 1919 the Iron and Steel Company at Bernapur in West Bengal were established.
In 1923, Mysuru Iron and Steel Works at Bhadravathi was establised in the former while Mysuru state. The major iron and steel industries in India are:
1. Tata Iron and Steel Plant- TISCO – at Jamshedpur of Jharkhand.
2. Indian Iron and Steel Company – IISCO – Berhampur, West Bengal
3. Visweswarayya Iron and Steel Company – VISCO – at Bhadravathi, Karnataka
4. Iron and Steel Company at Bhilai, Chattisgarh
5. Iron and Steel Company at Rourkela, Orissa
6. Iron and Steel Company at Durgapur, West Bengal
7. Iron and Steel Company at Bokaro, Jharkhand
8. Iron and Steel Company at Salem, Tamil Nadu
9. Iron and Steel Company at Vishakapatnam, Andhra Pradesh.
Recently, many private steel industries have been established. Since India has the potential for steel production and export. There has been increase in export of steels.
India produces 86.5 million tonnes (MT) of steel, which is over 5 per cent of world production, making it the fourth largest producer of crude steel in the world. Domestic steel consumption in the country was 76.99 MT per cent in 2014-15, showing a modest increase of 3.9 per cent over 2013-14.