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Why is the iron and steel company known as the basic industry? Name some famous iron and steel companies in India. 

Asked by Topperlearning User 25th May 2015, 1:36 PM
Answered by Expert

The iron and steel industry is called the basic industry due to the following reasons:

  1. All industries whether heavy, medium or light depend on it for machinery.
  2. Steel is required for manufacturing variety of engineering, construction and defence goods.
  3. Day to day consumer goods like containers, safety pins etc. are made up of steel.

Some important iron and steel companies in India are the Tata Iron and Steel Company in Jamshedpur, Bhilai Steel Plant, Hindustan Steel Limited at Rourkela, Hindustan Steel Limited at Durgapur and Bokaro Steel Ltd.

Answered by Expert 25th May 2015, 3:36 PM
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