Business Studies, asked by astuyd2752, 1 year ago

Why the iron and steel industries is called the basic industries?

Answers

Answered by KingOMac1
11
Iron and steel industries are one of the most important industries as they provide basic raw materials to all other industries.
Every industry needs iron and steel in one or the other way, from building up of the industry to its machinery all the things need iron and steel.
Iron and steel are the key ingredients used in making almost everything. From the engineering goods, pipelines, construction materials, scientific and medical equipments to the spoons, utensils etc. all are made up these two materials.
Nowadays, a country's development is also calculated from the production and usage of steel on the country.
Thus iron and steel industries are rightly called the basic industries.

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