What are the factors affecting location of iron and steel industries?

What are the factors affecting location of iron and steel industries?

Answer Writing

• Distance from mines. Iron ore is a heavy mineral and transporting it over a long distance is highly difficult.
• Nearness to sea ports.
• Availability of skilled labour.
• Connectivity to markets.
• Government policies.

What are the factors that affect the location of an industry?

Factors that influence where an industry locates include:

• power supply.
• communications – including transport, telecommunications.
• labour supply – including workers with the right skills.
• access to market – where the goods are sold.
• grants and financial incentives – usually from governments.
• raw materials.

Which factors can decide the location of an iron and steel plant in India?

Name the important factors which decide the location of an iron and steel plant in India.

• Iron ore mines.
• Coal Mines.
• Uninterrupted Power supply.
• Availability of plenty water.
• Availability of Cheap and abundant labor.
• Transportation.
• Market for the Iron products.

Which among the following factors affect the location of steel industry?

The factors affecting the location of industries are the availability of raw material, land, water, labour, power, capital, transport and market.

Which are the two prime factors for the location of iron and steel industry?

Regular supply of electricity and an assured source of raw material at minimum cost are the two prime factors for location of the industry.

Where is the location of iron?

Currently magnetite iron ore is mined in Minnesota and Michigan in the U.S., Eastern Canada and Northern Sweden. Magnetite-bearing banded iron formation is currently mined extensively in Brazil, which exports significant quantities to Asia, and there is a nascent and large magnetite iron ore industry in Australia.

What are the factors affecting location?

Some of them are: raw material, land, water, labor, capital, power, transport, and market. For ease of convenience, we can classify the location factors into two: geographical factors and non-geographical factors.

What are location factors?

Include a number of opportunity factors related to a location, mainly labor (average wages, availability, level of qualification), materials (mainly for raw materials dependent activities), energy, markets (local, regional and global), and accessibility to suppliers and customers (important for intermediate activities) …

What are the factors affecting the location of India?

These factors, specific to the Indian conditions, are discussed below:

• Raw Material: The earliest industries in India developed near the sources of raw material.
• Energy:
• Transport:
• Labour:
• Water:
• Market:
• New Factors in a Changed Situation:

What are the factors affecting industrial location class 10?

Following are the important geographical factors influencing the location of industries.

• Raw Materials: ADVERTISEMENTS:
• Power: Regular supply of power is a pre-requisite for the localisation of industries.
• Labour:
• Transport:
• Market:
• Water:
• Site:
• Climate:

What are the factors responsible for the growth of iron and steel industry in India?

The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output. The Indian steel industry is modern with state-of-the-art steel mills.

What is the major factors affecting location decision?

The top five major factors identified that may strongly influence international location decisions generally were: costs, infrastructure, labour characteristics, government and political factors and economic factors.