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Questions and Answers
What is the main focus of SL NO 7.2 in the index?
What is the main focus of SL NO 7.2 in the index?
- Company formation and growth
- Different plants/units of SAIL
- Expansion and modernization of SAIL (correct)
- Importance of MOU for SAIL
Where can one find information about raw materials for steel plants in the index?
Where can one find information about raw materials for steel plants in the index?
- SL NO 8.4 (correct)
- SL NO 9.2
- SL NO 4.2
- SL NO 10.1
What is the primary content of SL NO 3.2 in the index?
What is the primary content of SL NO 3.2 in the index?
- Outlook for Indian economy
- National steel policy
- Growth of Indian steel sector
- Vision, culture, and core values (correct)
Which section of the index deals with transportation in the steel industry?
Which section of the index deals with transportation in the steel industry?
Where can one find information about growth of Indian steel sector in the index?
Where can one find information about growth of Indian steel sector in the index?
What is the primary focus of SL NO 10.5 in the index?
What is the primary focus of SL NO 10.5 in the index?
When did the modern form of iron and steel industry come into being?
When did the modern form of iron and steel industry come into being?
What was the world production of steel in 1992?
What was the world production of steel in 1992?
Which event affected the entire economy, including the steel industry, in the seventies?
Which event affected the entire economy, including the steel industry, in the seventies?
In which year did world steel production cross the 1.5 Billion Ton mark?
In which year did world steel production cross the 1.5 Billion Ton mark?
What was the global crude steel production in the year 2016?
What was the global crude steel production in the year 2016?
According to the WSA report, what do governments consider as one of the main challenges facing the global steel sector today?
According to the WSA report, what do governments consider as one of the main challenges facing the global steel sector today?
How much did global crude steelmaking capacity increase by in 2020?
How much did global crude steelmaking capacity increase by in 2020?
As per the text, when did global crude steelmaking capacity increase to 2.362.5 million metric tonnes?
As per the text, when did global crude steelmaking capacity increase to 2.362.5 million metric tonnes?
When did the rate of growth of steel production come down significantly?
When did the rate of growth of steel production come down significantly?
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Study Notes
Focus Areas in the Index
- SL NO 7.2 primarily addresses the raw materials utilized in steel plants.
- Information on raw materials for steel plants can be found under SL NO 7.2 in the index.
- SL NO 3.2 primarily discusses the various processes involved in the steelmaking sector.
Transportation and Growth Insights
- The section dealing with transportation in the steel industry is highlighted under SL NO 6.1.
- Details on the growth of the Indian steel sector are presented in SL NO 5.3 of the index.
Focus of Specific Sections
- SL NO 10.5 focuses on environmental management and sustainability practices in the steel industry.
Historical Context and Production Figures
- The modern form of the iron and steel industry emerged in the late 19th century, marking significant technological advancements.
- World steel production in 1992 was recorded at approximately 800 million tons.
- An economic crisis in the 1970s impacted multiple sectors, including the steel industry.
Production Milestones
- World steel production surpassed the 1.5 billion ton milestone in 2018.
- Global crude steel production reached around 1.62 billion tons in 2016.
Current Challenges and Capacity Growth
- According to the WSA report, governments regard excess capacity as a principal challenge for the current global steel sector.
- Global crude steelmaking capacity increased by approximately 60 million metric tonnes in 2020.
- Global crude steelmaking capacity was reported to have increased to 2,362.5 million metric tonnes in 2019.
- There was a significant decline in the growth rate of steel production around the year 2014.
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