why is iron and steel industry called basic industry?

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2006-11-19 05:24:00 · 3 answers · asked by sonali 1 in Social Science ➔ Economics

They create the basic materials which can then be used to build subsequent items, like cars.

2006-11-19 05:26:20 · answer #1 · answered by Plasmapuppy 7 · 0⤊ 0⤋

Because they produce a product that will be consumed by other production industries or manufactures. This is the beginning of production.

2006-11-19 05:32:18 · answer #2 · answered by Kenneth H 5 · 0⤊ 0⤋

Without Iron and Steel we would have no vehicles or Mills.

2006-11-19 06:50:10 · answer #3 · answered by StarShine G 7 · 0⤊ 0⤋