Home > categories > Minerals & Metallurgy > Steel Coils > Starting a steel mill?
Question:

Starting a steel mill?

Basically when i'm older, my dream Job would be, to be to start a steel mill, I've always loved the idea of working in Business and investing in things has always been a hobby of mine. i play games where u invest and make money. all i need is some facts about starting a steel mill?What requirements i need,- How time consuming is it,- How easy is it,- How to get started,- The Perks,- The downsides..how much would it cost to start one, like land, place, iron etc, to get started? also i would need a bank loan, how much money will the bank give me ? 80%??

Answer:

Typically, steel mills are worth $20 million to $200 million and are owned by large corporations. Your best bet to own one would be to take over a corporation that already has one. That way you have all the supply lines, customers, experts and other workers already there, too. Stick with investing in going concerns, so you don't need to be an expert in each business to build it up. Get them ready made, learn the details from the people already doing it, then work out ways to improve it. Do not get tempted to borrow even 10c from the scammers who have answered your question. Start saving your real money, reading the financial news, and making small real investments in real stocks.

Share to: