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Which of the following is not true regarding the 'iron and steel' industry in India?
  • a)
    India is the largest producer of sponge iron.
  • b)
    Most of the public sector undertakings market their steel through the Steel Authority of India.
  • c)
    Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.
  • d)
    As a leading iron and steel producing country, India does not need to import steel from other countries.
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not true regarding the iron and steel indust...
Finished steel imports during 2021-22 fell by 2 percent, to 4.7 mt, with highest volume coming from South Korea at 2 mt, followed by China and Japan at 832,600 tonnes and 664,200 tonnes respectively. This shows that India does import's steel.
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Which of the following is not true regarding the iron and steel indust...
The correct answer is option 'D': As a leading iron and steel producing country, India does not need to import steel from other countries.

Explanation:
India is one of the world's leading producers of iron and steel. However, it still needs to import steel from other countries due to various reasons. Let's explore these reasons and understand why option 'D' is not true.

1. Rising demand: The demand for steel in India has been increasing rapidly due to infrastructure development, construction projects, automobile manufacturing, and other industries. Despite being a leading producer, the domestic production is not sufficient to meet the rising demand, leading to the need for imports.

2. Quality requirements: Different types of steel are required for various applications, and India may not have the capacity to produce all the required grades and specifications. Therefore, imports are necessary to fulfill the specific quality requirements of various industries.

3. Specialized steel products: Certain specialized steel products, such as electrical steel, alloy steel, and high-grade stainless steel, may not be produced in sufficient quantities or quality in India. These products are often imported to cater to specific industrial needs.

4. Cost competitiveness: Steel imports can sometimes be more cost-effective than domestic production due to various factors such as economies of scale, lower production costs in other countries, or availability of cheaper raw materials. Importing steel can help bridge the price gap and ensure affordability for consumers.

5. Global trade dynamics: The iron and steel industry is highly interconnected globally, and countries engage in trade to benefit from comparative advantages. India may import specific types of steel from countries where they are produced more efficiently and competitively.

In conclusion, India, despite being a leading producer of iron and steel, still needs to import steel from other countries due to rising demand, specific quality requirements, specialized products, cost competitiveness, and global trade dynamics. Therefore, option 'D' is not true.
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Which of the following is not true regarding the iron and steel industry in India?a)India is the largest producer of sponge iron.b)Most of the public sector undertakings market their steel through the Steel Authority of India.c)Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.d)As a leading iron and steel producing country, India does not need to import steel from other countries.Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not true regarding the iron and steel industry in India?a)India is the largest producer of sponge iron.b)Most of the public sector undertakings market their steel through the Steel Authority of India.c)Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.d)As a leading iron and steel producing country, India does not need to import steel from other countries.Correct answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Which of the following is not true regarding the iron and steel industry in India?a)India is the largest producer of sponge iron.b)Most of the public sector undertakings market their steel through the Steel Authority of India.c)Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.d)As a leading iron and steel producing country, India does not need to import steel from other countries.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not true regarding the iron and steel industry in India?a)India is the largest producer of sponge iron.b)Most of the public sector undertakings market their steel through the Steel Authority of India.c)Chhotanagpur Plateau region has the maximum concentration of iron and steel industries.d)As a leading iron and steel producing country, India does not need to import steel from other countries.Correct answer is option 'D'. Can you explain this answer?.
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