Why is the steel industry considered the basic industry on which other – InterviewSolution

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1.	Why is the steel industry considered the basic industry on which other industries depend?
Answer» Steel is the necessary raw material for making machines as well as other infrastructural material for other industries. The iron and steel industry is the basic industry on which other industries are dependent. Steel industry is dependent on raw materials such as iron ore, limestone, manganese and coal. Since these are heavy and bulky, this industry is usually located in the vicinity of the areas where these raw materials are available.

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