Industrial ProductionSee also: Iron ore
The production of iron or steel is a process containing two main stages, unless the desired product is cast iron. The first stage is to produce pig iron in a blast furnace. Alternatively, it may be directly reduced. The second is to make wrought iron or steel from pig iron by a further process.
For a few limited purposes like electromagnet cores, pure iron is produced by electrolysis of a ferrous sulfate solution
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Other articles related to "industrial, industrial production, production":
... became one of the world's top manufacturers of a large number of basic and heavy industrial products, but it lagged behind in the output of light industrial production ... The industrial production system in the Soviet Union suffered a political and economic collapse in 1991, after which a transition from centrally planned to market-driven economies occurred ... integration of the Soviet republics was dissolved, and overall industrial activity declined substantially ...
... Production of chlorine is extremely energy intensive ... iron and steel manufacture and greater than for the production of glass or cement ... is an indispensable raw material for the production of chlorine, the energy consumption corresponding to the electrochemical reaction cannot be reduced ...
... Economic data for 1920–21 recession Estimate Production Prices Ratio 1920-21 (Commerce) -6.9% -18% 2.6 1920-21 (Balke Gordon) -3.5% -13% 3.7 1920-21 (Romer) -2.4% -14.8% 6.3 1929-30 -8.6% -2.5% 0.3 ... The recession also saw an extremely sharp decline in industrial production ... From May 1920 to July 1921, automobile production declined by 60% and total industrial production by 30% ...
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP (Gross Domestic Product), they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.
... The production of goods for trade and export in Roman Britain was concentrated in the south and east, with virtually none situated in Wales ... areas where sheep raising (for wool) was also located, and salt production concentrated in its historical pre-Roman locations ...
Famous quotes containing the words production and/or industrial:
“The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.”
—Albert Camus (19131960)
“Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid- twentieth century.”
—Noam Chomsky (b. 1928)