The iron and steel Industry is the basic industry because:
i. All the other industries - heavy, medium and light, depend on it for their
machinery.
ii. Steel is needed to manufacture a variety of engineering goods, construction
material, defence, medical, telephonic, scientific equipment and a variety of
consumer goods.
iii. Iron and steel is a heavy industry because all the raw materials as well as finished
goods are heavy and bulky. It involves heavy transportation costs.
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