Project on Sail
Steel Industry
Introduction:
Steel plays a vital role in accelerating growth and development of a nation. It is used as a basic material in the manufacture of metal products, electrical machinery, transport equipment, textile, etc and thus considered to be the backbone of the human civilization. It is a product of large and technologically advanced industry having strong forward and backward linkages in terms of material flow and income generation. In other words, the production and per capita consumption of steel is a major contributor to a country’s gross domestic product (GDP) and an indicator of its industrial and economic strength. Iron ore, manganese ore and chrome ore are the critical raw material inputs for the steel industry. Their timely and assured availability in adequate quantity and quality, on long term basis, is a prerequisite for the rapid and orderly growth of the sector.
India is the eighth largest crude steel producing country in the world. It is endowed with richest iron and coal ore mines.
1 Background
2
The establishment of Tata Iron and Steel Company (TISCO) in 1907 was the starting point of modern Indian steel industry. Afterwards a few more steel companies were established namely Mysore Iron and Steel Company, (later renamed Vivesvaraya Iron & Steel Ltd) in 1923; Steel Corporation of Bengal (later renamed Martin Burn Ltd and Indian Iron & Steel Ltd) in 1923; and Steel Corporation of Bengal (later renamed Martin Burn Ltd and Indian Iron and Steel Co) in 1939.[1] All these companies were in the private sector.
Key Events
1907*: Tata Iron and Steel Company set up.
1913: Production of steel begins in India.
1918: The Indian Iron & Steel Co. set up by Burn & Co. to compete with Tata Iron and Steel Co.
1923*: Mysore Iron and Steel Company set up
1939*: Steel Corporation of Bengal set up
1948: A new
Introduction:
Steel plays a vital role in accelerating growth and development of a nation. It is used as a basic material in the manufacture of metal products, electrical machinery, transport equipment, textile, etc and thus considered to be the backbone of the human civilization. It is a product of large and technologically advanced industry having strong forward and backward linkages in terms of material flow and income generation. In other words, the production and per capita consumption of steel is a major contributor to a country’s gross domestic product (GDP) and an indicator of its industrial and economic strength. Iron ore, manganese ore and chrome ore are the critical raw material inputs for the steel industry. Their timely and assured availability in adequate quantity and quality, on long term basis, is a prerequisite for the rapid and orderly growth of the sector.
India is the eighth largest crude steel producing country in the world. It is endowed with richest iron and coal ore mines.
1 Background
2
The establishment of Tata Iron and Steel Company (TISCO) in 1907 was the starting point of modern Indian steel industry. Afterwards a few more steel companies were established namely Mysore Iron and Steel Company, (later renamed Vivesvaraya Iron & Steel Ltd) in 1923; Steel Corporation of Bengal (later renamed Martin Burn Ltd and Indian Iron & Steel Ltd) in 1923; and Steel Corporation of Bengal (later renamed Martin Burn Ltd and Indian Iron and Steel Co) in 1939.[1] All these companies were in the private sector.
Key Events
1907*: Tata Iron and Steel Company set up.
1913: Production of steel begins in India.
1918: The Indian Iron & Steel Co. set up by Burn & Co. to compete with Tata Iron and Steel Co.
1923*: Mysore Iron and Steel Company set up
1939*: Steel Corporation of Bengal set up
1948: A new