Identify the industry with the help of following features.
Iron ore, cooking coal and lime stone are used as raw material.
It is a heavy industry.
It provides raw material to other industries.
Answers
Answer:
Iron and steel industry is called basic industry because
It is also called heavy industry because raw materials [iron ore, coal, limestone] are bulky in nature. Iron ore mixed with limestone is smelted in the blast furnace using coking coal to produce pig iron.
What Is Heavy Industry? Heavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry, and low transportability. The term "heavy" refers to the fact that the items produced by "heavy industry" used to be products such as iron, coal, oil, ships, etc
Basic or key industries are those which supply their products or raw materials to manufacture other goods.
Mineral based industries are primary industries that use mineral ores as their raw materials. ... Iron made from iron ore is the product of mineral based industry. This is used as raw material for the manufacture of a number of other products, such as heavy machinery, building materials and railway coaches.