Question

Why is the iron and steel industry called as the backbone of an economic?

Answer 1

*Iron and steel industry is the basic as well as heavy industry

* All the other industries depend on it for their machinery

*Steel is needed to manufacture a variety of engineering goods

*It provides variety of consumer goods

* Construction material, defence, medical, telephonic, scientific equipments etc are the gift of iron and steel industry..

Hope it guides you

Answer 2

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.