Question

i. Why is the iron and steel industry called a basic industry?
ii. Define a mini steel plant.

Answer 1

Hint:
The basic industry may be a sort of industry that produces materials that are supplied to other industries, and which is vital during a country's economy: basic industries like mining, oil, and gas. The primary industry involves getting raw materials e.g. mining, farming and fishing. The secondary industry involves manufacturing e.g. making cars and steel. Tertiary industries provide a service.

Complete solution:
i. The steel industry is called a basic industry for the following reasons:

- Whether it is heavy industry, medium industry or light industry, all industries depend on it. Therefore, it provides a foundation for other industries.

- Steel is needed to manufacture various engineering, construction and defence products. Various shipbuilding industries, aeroplanes, transportation equipment, etc. require steel, and steel is the final product of the steel industry. Steel is also used to make mass consumer goods.


ii. Small steel mills are steel mills that use scrap iron, pig iron or sponge iron as raw materials. Their construction and pregnancy period is also very short.

Note:
The advantages are: Mini steel plants use electric powered furnaces as a result of preserving coking coal. They require less capital investments. due to the fact they may be positioned in industrial cities so the delivery value is reduced. it is eco friendly and does not require large capital investment. copper smelting and aluminium smelting industries are also known as basic industries. Major industries are Fishing industry, Horticulture industry, Tobacco industry, Wood industry.