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Steel plants should be ideally located near:
i. Cheap and high quality raw material- they should be located near the iron and coal mines , mostly in the plateau region in India since it is the store house of minerals.
ii. Good marketplace- since iron and steel industries are the basic industries, it is required for all industries, hence it shud be centrally located to provide to all parts of the country as well as where the iron ore market is flourishing.
iii. Cheap skilled and unskilled laborer- are required for working in the mines as well as in the factories, having cheap labor would reduce cost and increase profit.
iv. Good transportation facilities like seaways ,railways and roadways etc- since iron and steel industry raw and well as finished products are bulky, they should be connected to the market through a proper route for fast as well as efficient transportation
Angel Singhvi
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