The Iron and Steel industry constitutes the backbone of modern

"The Iron and Steel industry constitutes the backbone of modern industrial economy." Give two reasons to justify the statement.

Answer

Iron and steel industry:

• Supplies necessary machinery for production of other goods
• Railway tracks, engines, ships and motors are made of iron and steel
• Used in constructing bridges
• Making armaments
• Water pipes and sewage covers
• Infrastructural necessities in airports and seaports
• Other capital goods
• Supports agriculture, fertilizer and cement industry

• Exam Year: 2017