The three reasons to explain the fact that India is not able to perform to the full potential in the production of iron and steel, are explained as follows:
• An essential raw material of the iron and steel industry is coking coal. The cost of this coking coal is very high, which makes the cost of production to become really high, thus making the producers disinterested to buy it and use it up in the production process. Thus due to the high cost of this raw material, production is coming to a halt in this industry.
• Uninterrupted power supply is very important in this industry. But in India, because of frequent power cuts, uninterrupted power cannot be supplied to this sector, making the production difficult.
• Proper availability of skilled labor is not present in India, which also acts as a hindrance to the smooth production process in this sector.
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