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

Asked by Topperlearning User 26th June 2014, 4:50 PM
Answered by Expert
Answer:

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 a variety of engineering, construction and defence goods.

3. Day-to-day consumer goods such as containers, safety pins etc. are made of steel. 

Answered by Expert 26th June 2014, 6:50 PM
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