why iron and steel industry is called the basic industry?
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Iron Industry is called Basic Industry because it act as need for all other Industries... ... Iron and steel industry is known as basic industry as it provides a base to the other industries.It provides raw materials to ship building, transport equipments, machine and tool making industry, Aircraft etc.
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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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