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Asked by Ramya Last Modified
Answer Iron Industry is called Basic Industrybecause it act as need for all otherIndustries... Iron and steel industry isknown as basic industry as it provides a base to the other industries.It provides raw materials to ship building, transport equipments, machine and tool making industry, Aircraft etc.
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Iron and steel industry is known as the basic industry because all the other industries (heavy, medium and light) depend on it for their machinery.
Problems faced by this industry are
(i) High cost
(ii) Limited availability of coking coal
(iii) Low productivity of labour
(iv) Irregular supply of energy
(v) Poor infrastructure
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