. How are integrated steel plants different from mini steel plants
What problems does the industry face? What recent developments have led to a rise in the production capacity?
Answer: Integrated steel plants are large and handle everything in one complex – from putting together raw material to steel making, rolling and shaping.
Mini steel plants are smaller, have electric furnaces, use steel scrap and sponge iron. They have re-rollers that use steel ingots as well. They produce mild and alloy steel of given specifications.
The challenges faced by the steel industry are:
High cost and limited availability of coking coal
Lower productivity of labour
Irregular supply of energy
Recent developments such as liberalisation and foreign direct investment (FDI) have given a boost to the industry with the efforts of private entrepreneurs.