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Why did the iron and steel industry change location?

April 26, 2017earth Geology Industry iron Mathematics sciences steel

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Why did the iron and steel industry change location?

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The location of any industry such as the steel industry comes down to the cost of doing business. Things like labour costs, environmental regulations, availability of skilled labour, availability of coal, availability of water, availability of iron ore, availability of essential steel ingredients (molybdenum, chrome, nickel, vanadium, etc), proximity to markets, and taxes all influence the location of steel mills.