Question
Why is iron and steel industry called the basic industry? Explain any three reasons.

Answer

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

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