Answer:
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.
Steel is required to manufacture a variety of engineering goods,
construction material, defence, medical, telephones, scientific equipment,
transport equipment, etc.
Production and consumption of steel is often regarded as
the index of a country's development.
problems faced by this industry are
(i) High cost.
(ii) Limited availability of cooking coal.
(iii) Low production of labour.
(iv) irregular supply of energy.
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