Question

why iron and steel industry is known as backbone of modern industry​

Answer 1

Answer:

Iron and steel industry is often referred to as the backbone of the modern industry because almost everything is either made from iron or steel or has been made using tools and machineries of these metals. It plays an important role as a basic necessity of today's economy. ... Without the use of iron no industry can run

Answer 2

Answer:

Availability of raw material for the proposed industry

Land for setting-up the factory

Water and power needed for running the factory

Availability of competent labour force

Capital required for starting the factory

Transportation of raw material and goods

Market facilities.