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Question
Why is the steel industry considered the basic industry on which other industries depend?
Long Answer
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Solution
The steel industry is considered a basic industry because it provides raw materials for many other industries. Steel is used in making machines, tools, vehicles, construction materials, and other equipment needed in industries like engineering, transport, shipbuilding, and infrastructure. Without steel, most modern industries cannot function. Therefore, many industries depend on the steel industry for their growth and development.
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