importance of iron and steel industry in India
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IRON AND STEEL INDUSTRY
This is a basic industry since all the other industries - heavy, medium and light, depend on it for their machinery. Steel is needed to manufacture engineering goods, construction materials, a large variety of equipment ( for example medical, telephonic, scientific) and also consumer goods. Its production and consumption is often regarded as the index of a country's development. Iron and steel is a heavy industry because all the raw materials as well as finished goods are heavy and bulky involving heavy transportation costs.
Here is your answer
=========================
IRON AND STEEL INDUSTRY
This is a basic industry since all the other industries - heavy, medium and light, depend on it for their machinery. Steel is needed to manufacture engineering goods, construction materials, a large variety of equipment ( for example medical, telephonic, scientific) and also consumer goods. Its production and consumption is often regarded as the index of a country's development. Iron and steel is a heavy industry because all the raw materials as well as finished goods are heavy and bulky involving heavy transportation costs.
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The iron and Steel industry is one of the most important industries in India. India ranks second-most for the production of Iron and Steel. In India, iron, and steel is made from iron ore. The Ministry of Steel in India helps in planning and making sustainable growth and development in this industry.
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