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Which Industry is often referred to as the backbone of modern industry and why?

Steel Industry is referred to as the backbone of modern Industry because the application of steel is relatively high in today’s world. Steel is an alloy made of Iron and Carbon. Due to the more desirable properties of steel such as high strength, low weight, durability, ductility and corrosive resistance, It is used in building construction, automobiles, electronics, machinery, medical equipment, engineering materials, home Appliances, and almost everything.

Which Industry is often referred to as the backbone of modern industry and why?
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