Answer:
Basic
industries supply their products as raw materials to other industries. This
industry produces iron and steel, which are used for manufacturing machines, tools
and equipment.
Machineries and tools are basic for any manufacturing process. Thus, iron
and steel industry plays a key role in the development of any manufacturing
industry.
It also provides raw materials for heavy engineering automobiles,
shipbuilding, manufacturing of locomotives, etc. The development of these
heavy industries is dependent on the supply of iron and steel.
Iron and steel is a heavy industry because all the raw materials
(iron ore and limestone are examples) are heavy and bulky. They entail heavy
transportation costs. Besides, the finished goods are generally either heavy or
bulky or both.
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