Why is iron and steel industry called the basic industry? Explain any three reasons.
OUTSIDE DELHI - SET 1 2012
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Iron and steel industry called the basic industry due to the following reasons:
- Since all the other industries - heavy, medium and light, depend on it for their machinery.
- Steel is needed to manufacture a variety of engineering goods.
- steel is needed for construction material, defence, medical etc.
- Steel is needed for telephonic, scientific equipments and a variety of consumer goods.
- Production and consumption of steel is often regarded as the index of a country's development.
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