Practicing Success
Which of the following is true for Mini Steel Plants/Mills? |
In mini steel mills access to markets is more important than inputs. These are less expensive to build and operate and can be located near markets because of the abundance of scrap metal, which is the main input. Mini mills are limited to just one-step process All of the above |
All of the above |
The large integrated steel industry is traditionally located close to the sources of raw materials – iron ore, coal, manganese and limestone – or at places where these could be easily brought, e.g. near ports. But in mini steel mills access to markets is more important than inputs. These are less expensive to build and operate and can be located near markets because of the abundance of scrap metal, which is the main input. Traditionally, most of the steel was produced at large integrated plants, but mini mills are limited to just one-step process – steel making – and are gaining ground. |