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Questions
Why is the iron and steel industry called a basic industry?
Why iron and steel industry is called the key industry?
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Solution
Iron and steel industry is called a basic/key industry because all other kinds of industries such as light, medium and heavy industries depend upon it for their machinery. Steel is required to manufacture several engineering goods, construction materials, defence goods, telephonic parts and a variety of other consumer goods, making it the backbone of industrial development.
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