Question

why is the iron and steel industry called basic industry??

Answer 1

Iron and steel industry is called thebasic 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.

Hope this helps you

Answer 2

Iron and steel industry is called as the basic industry because it provides a base to various other industries.

• For the machinery all industries rely on it, whether heavy, medium or light. It thus provides the other industries with a foundation.  
• May daily usage consumer products such as containers, pins, utensils etc are made of steel.
• Steel is needed for a variety of industries such as building, engineering and defense goods manufacturing. The ship manufacturing industries, aircraft, transportation equipment etc. also need steel which is a finished iron and steel industry product.