explain the whole discription about iron and steel industry
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steel industry, the business of processing iron ore into steel, which in its simplest form is an iron-carbon alloy, and in some cases, turning that metal into partially finished products or recycling scrap metal into steel. The steel industry grew out of the need for stronger and more easily produced metals.
The iron and steel industry is a basis for the development of a number of industries in the global economy: the defense industry, transportation and heavy engineering, energy and construction (including aeronautical and shipping construction).
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