What Are The Factors Required For The Location Of Iron And Steel Industry?

by | Last updated on January 24, 2024

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Supply of iron ore. Supply of coking coal and hydel power. Railway and port facilities for internal and external, trade .

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Which locating a steel plant the most important factor affecting location is?

Raw material: Mostly large integrated steel plants are located close to source of raw materials , as they use large quantity of heavy and weight losing raw materials. ... Markets: As its heavy & bulky transportation cost is high. ... Labour: Availability of cheap labour is also important.

What are the factors affecting the location of steel industry?

  • 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.

Which is a major factor in selection of plant location of a steel factory?

(i) Availability of Raw Materials :

One of the most important considerations involved in selection of industrial location has been the availability of raw materials required. The biggest advantage of availability of raw material at the location of industry is that it involves less cost in terms of ‘transportation cost.

Which factors can 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.

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.

What are the factors that should be considered while locating a plant?

  • Availability of Raw Materials: ...
  • Proximity to Markets: ...
  • Transport Facilities: ...
  • Availability of Power, Fuel or Gas: ...
  • Water Supply: ...
  • Disposal Facility for Waste Products: ...
  • Climatic and Atmospheric Conditions:

What are major factors affecting plant location?

Topography, area, the shape of the site, cost, drainage and other facilities, the probability of floods, earthquakes (from the past history) etc., influence the selection of plant location.

What are the factors that affect 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 .

Which factors influence the location of Jamshedpur for steel plant?

  • Proximity to Mumbai-Kolkata railway line.
  • TISCO is just 240 km away from Kolkata, which is the nearestport for the export of steel.
  • The riversSubarnarekha and Kharkai provide water tothe plant.
  • The iron ore for the plant is obtainedfrom Noamundi and Badam Pahar.

Why is the iron and steel industry located near coalfields?

Iron and steel industries are located always near the iron and coal deposits because the cost most of transportation and manufacturing is extensively decreased . The cost of iron ore and coal is low and the availability of Labor also reasonable in these areas. Iron and coal are abundant minerals.

What do you understand by plant location explain the factors affecting plant location in production and operation management?

Plant location refers to the choice of region and the selection of a particular site for setting up a business or factory . An ideal location is on where the cost of the product is kept to minimum, with a large market share, the least risk and the maximum social gain.

Why is the iron and steel plant located in Bhilai Upsc?

Bhilai Steel Plant in Chhattisgarh was set up to remove the backwardness of the region . Power: Availability of power is another determinant for the industry location. TISCO and Bokaro steel plant get hydroelectricity from Damodar Valley Corporation (DVC).

What factors impact the location and layout of an enterprise?

  • Proximity to customers, suppliers, and skilled labor.
  • Environmental regulations.
  • Financial incentives offered by state and local development authorities.
  • Quality-of-life considerations.
  • Potential for future expansion.

What are the four important factors responsible for industrial location?

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

Which of the following factors are not necessary to set an iron and steel plant?

option c Nearness to a water body to discharge wastes is the correct answer.

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

Tata Iron and Steel Plant

It was established by Jamshedji Tata in 1907 an started production in 1911. The following factors were responsible for the plant being located at Jamshedpur. i) Location ii) Availability of raw materials iii) Power supply iv) Water supply v) Labour force vi) Market vii) Transport facilities.

How do you decide the layout after locating the plant?

1. Raw material supply : The source and price of raw materials is one of the most important factors that determine the location of a plant. Facilities that produce chemicals in bulk are usually located close to the source of raw material if the costs of shipping the product is less than the costs of shipping the feed.

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

  • Presence of many high-tech industries.
  • Highly educated and skilled labour force.
  • Science, engineering and technology are well-developed.
  • Strong support from the state and the central governments.

What is location strategy?

Location strategy describes the process companies use to determine where their offices and employees should be located . ... A truly comprehensive location strategy analyzes extensive market information and always uses labor data to show companies the cost, availability, and sustainability of labor.

Why are location factors important?

Localization factor means an advantage , which is obtained if the enterprise locates at the certain place and not at another. Economically, this advantage means cost savings. Establishment of a location with the best location factors promises the most favourable conditions for their activities.

What is meant by plant location?

Facility location is also called plant location. Plant location is the choice of region and the selection of a particular site for setting up a plant . ... Consequently, location often plays a significant role in a company’s profit and overall success.

Why is facility location important?

Facility location is a crucial element in the supply chain and has a great impact on the efficiency of numerous logistics activities. ... An unsuccessful facility location decision may lead to inefficient operations and additional costs which drastically affects the competency and effectiveness of the overall operation.

What factors helped in the location of iron and steel industry at sakchi explain?

1)It was near the confluence of the rivers Subarnarekha and Kharkai in Jharkhand. 2)This place was only 32 km away from Kalimati station on the Bengal-Nagpur railway line. 3)It was close to the iron ore, coal and manganese deposits as well as to Kolkata , which provided a large market.

Where should the steel plants be ideally located?

they should be located near the site of raw materials . so transportation will be easy and transportation charges will be less.

Why is Jamshedpur called Steel City?

Although many cities in India have steel plants, Jamshedpur in Jharkhand is known as the ‘Steel City of India’ because the first steel plant by TATA was here . Jamshedpur was the first industrial city in India, and almost the entire town works in the steel industry.

Where is Durgapur steel plant located?

Durgapur Steel Plant is one of the integrated steel plants of Steel Authority of India Limited, located in Durgapur, in the eastern Indian state of West Bengal . It was set up with the help of United Kingdom.

Why are iron and steel plants located close to the site of mines?

The Iron and Steel Industry

The other raw materials besides iron ore and coking coal, essential for iron and steel industry are limestone, dolomite, manganese and fire clay. All these raw materials are gross (weight losing), therefore, the best location for the iron and steel plants is near the source of raw materials .

Why are iron and steel industries located in eastern India?

ADVERTISEMENTS: Iron and steel industries are heavy industries using very bulky raw materials . Therefore, its location is governed by close proximity to raw materials and good transport system. The north eastern and southern parts of Peninsular India are mineral rich suitable for location of Iron and Steel Industry.

Where is Bhilai Steel Plant located?

Location : Forty kms west of Raipur, the capital city of Chhattisgarh , along the Howrah-Mumbai railway line and the Great-Eastern highway, stands Bhilai Steel Plant (BSP).

What is Bhilai Steel Plant famous for?

Famous for the Bhilai Steel Plant, one of the largest in India, this industrial city is located about 25 km away from Raipur. The Bhilai Steel Plant is renowned as the sole manufacturer of rails in India that are used by the Indian Railways.

Why is iron and steel industry location from raw materials?

However, with the passage of time, the depletion of raw material, emergence of new technologies (like electric furnaces), and fuel-saving transportation , promoted the Iron and Steel industry to locate away from the raw material sources.

What are the methods of plant location?

  • Factor rating method.
  • Weighted factor rating method.
  • Load-distance method.
  • Centre of gravity method.
  • Break even analysis.

What are the basic steps in facility location?

  • Table 1 Overlap of considerations of factors in the two stages of facility location. Location Factors. ...
  • Territory Selection. ...
  • Markets. ...
  • Raw Materials and Supplies. ...
  • Transportation Facilities. ...
  • Manpower Supply. ...
  • Infrastructure. ...
  • Climate.

What are the needs of suitable location?

  • When starting a new organization, i.e., location choice for the first time.
  • In case of existing organization.
  • In case of Global Location.
Emily Lee
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Emily Lee
Emily Lee is a freelance writer and artist based in New York City. She’s an accomplished writer with a deep passion for the arts, and brings a unique perspective to the world of entertainment. Emily has written about art, entertainment, and pop culture.