Question

why is the iron and steel industry considered basic to the industrial development of any country?

Answer 1

Iron and steel industry is basically considered as the backbone of all industries as it provides raw material to other industries. All the machines and other equipments required in any industrial work are provided by iron and steel industry.

Answer 2

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,and hence it is considered basic to the industrial development of any country