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 "production, industrial production, industrial":
... 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 ... 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% ...
... Production of chlorine is extremely energy intensive ... that for iron and steel manufacture and greater than for the production of glass or cement ... Since electricity is an indispensable raw material for the production of chlorine, the energy consumption corresponding to the electrochemical reaction cannot be reduced ...
... 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 ...
... 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 and consumer durables ... The industrial production system in the Soviet Union suffered a political and economic collapse in 1991, after which a transition from centrally ... of the Soviet republics was dissolved, and overall industrial activity declined substantially ...
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.
Famous quotes containing the words production and/or industrial:
“The society based on production is only productive, not creative.”
—Albert Camus (19131960)
“Literary works cannot be taken over like factories, or literary forms of expression like industrial methods. Realist writing, of which history offers many widely varying examples, is likewise conditioned by the question of how, when and for what class it is made use of.”
—Bertolt Brecht (18981956)