An Economics Presentation done by:Anu & VarshiniIX B

teelWinx

Where You Reach New Heights

ABOUT US

Steel Wings is a well-known company famous for its efficient production of steel. It is co-ordinated by two managing partners, Ms Anu and Ms Varshini, both of whom hail from south India.

Steel is an alloy of iron, with 2.1% carbon. It has been produced for 1000’s of years, and its use has expanded extensively. Today, steel is one of the most common materials in the world, with more than 1.3 billion tons produced annually. It is a major component in buildings, infrastructure, tools, ships, automobiles, machines, appliances, and weapons.

Here, we introduce you to a major section of our company, the FOP’s of steel.

Natural resources/Raw materialsThe main thing required for production of steel is the natural resources. The natural resources required to make steel is pig iron, limestone, charcoal for carbon and iron ore. Land Land is needed for mining, setting up industry, steel mills for mining iron etc. Steel industry is usually set up in areas where raw materials are easily available. LabourFor setting up an industry, we need labourers mainly. Different types of labourers include highly skilled, semi-skilled and unskilled. These three kinds of farmers are required for an industry to function smoothly as they can be divided according to the work they do. For small things, large amount can’t be paid to small labourers, so unskilled labors are needed. For a highly professional or experienced work, high skilled labourers are required.

FACTORS OF PRODUCTION

CapitalFor a steel industry to be set up, huge amounts of capital is required for buying machines etc. Industries tend to set up factories where capital is easily available. An industry may operate on working capital or fixed capital. Huge amount is invested in capital. All factors depend on capital. EntrepreneurshipThis is required for an industry to function smoothly. It is need to maintain everything in a particular order, proper planning of work between labours etc. A good leadership is required to run any business in profit. TransportationFor the transport of raw materials to the industry and from the industry to the market, the transportation is required. If the raw materials are near the industry, the cost of transportation can be reduced. MachinesMachines are also a factor of production. The pig iron, limestone and iron ore go into an open-hearth furnace. It is heated to about 1,600 degrees F. The limestone and ore form a slag that floats on the surface. Impurities, including carbon, are oxidized and float out of the iron into the slag. When the carbon content is right, we get a carbon steel. Here we use furnace as a machine. ElectricityFor performing all these things like running the machines, electricity or power is required.

PROCESS

Iron ore, coke & lime stone( from land with instruments and capital) and is put into the top off a blast furnace( machine with capital and labor), till they mix into molten iron.

Then it is put into a ladle (instrument with capital and labor) and poured into the BOS {Basic Oxygen Steel-making} (machine with capital) which blows pure oxygen into the BOS for about 30 to 45 minutes.

Once this is finished it then is pure steel which will be casted into ingots, slabs or blooms. (Entrepreneur)

It is further processed with carbon, etc to enhance its properties. (Entrepreneur)

Few words from the Man of Steel… “I may have fists of steel

But you just need to act realand thank everyone for their own

good.”

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Thank You