Why iron and steel industries are basic or key industries? Please answer in points
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The iron and steel industry is important because it provides the base for all other industries. the products from iron and steel industry are used as raw materials for other industries.
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Iron and steel industry is called the basic industry due to following reasons: All industries whether heavy, medium or light depend on it for the machinery. Thus, it provides base to the other industries. Steel is required for manufacturing variety of engineering, construction and defence goods.
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