Why is iron and steel industry is also referred as backbone of industry???
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Iron and Steal industry is also referred as backbone of industry because everything used in other industries is mostly made up of steel and Iron.
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Most of the important industries such as automobile, locomotives, rail tracks, shipbuilding, machinery and tools and manufacture of defence equipment depend on iron and steel industry. The production and consumption of iron and steel are one of the most significant measures of the level of industrialization and economic growth of a country. This is why iron and steel industry is also referred as backbone of industry.
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