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Why do you think that the iron and steel industry is basic to the industrial development of any company?

Answer» <html><body><p></p>Solution :"Iron and steel industry is called a basic industry <a href="https://interviewquestions.tuteehub.com/tag/due-433472" style="font-weight:bold;" target="_blank" title="Click to know more about DUE">DUE</a> to the following reasons: <br/>(a) The industry forms a base for all other industries. <br/> (b) No industry can be imagined that does not make use of iron and steel in one form or the other. <br/> (c) The industry lays the foundation of rapid development of all other sectors in the <a href="https://interviewquestions.tuteehub.com/tag/economy-21801" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMY">ECONOMY</a> - agriculture, etc. It is a heavy industry because of the following reasons: <br/> (a) Its raw materials are bulky.<br/> (b) Other minerals used like limestone, <a href="https://interviewquestions.tuteehub.com/tag/manganese-553940" style="font-weight:bold;" target="_blank" title="Click to know more about MANGANESE">MANGANESE</a>, etc. are also bulky. <br/> (c) Coal used as source of power in blast furnaces is also bulky. <br/>(d) And finally its finished products are also bulky.</body></html>


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