Introduction As one of the most essential industries in India, the iron and steel industry has contributed to the establishment of numerous subsidiaries and small scale industries. It also supports the transportation, fuel, energy and communications industries. The Indian steel industry is estimated to export around 50% of its total production. Production in these sectors has increased over the last 20 years. Furthermore there is an increase in iron ore exports. Experts believe that the reduction in export duties has helped the iron and steel industry grow at a rapid pace. There are several players operating in this industry in India. The major ones include Tata Steel, SAIL, Jindal Steel and power limited, Essar Steel and Bhushan Power and steel. History of the Steel Industry in India Since independence, the Indian steel industry has been growing at a steady pace. The establishment of the first steel plant in India dates back to 1870, when the first blast furnace was built in Kulti, West Bengal, and steel was first produced in 1905. However, large-scale production began in 1907, when steel plant was established at Jamshedpur, Bihar which started production in 1912. After Jamshedpur other steel plants were established at Bhadrawati and Burnpur. But only after independence was the steel industry able to truly establish itself. The Bhilai and Bokaro factories were established with the help of the Soviet Union and Durgapur and Rourkela created a British and West German partnership. Production Scenario of Steel Industry in India This sector is classified as heavy industry as all its raw materials are heavy and massive. They employ iron ore, limestone and coking coal in large quantities. An efficient transportation system to transport paper... financial markets abroad and rationalization of the existing tax structure. Government Policy The government has formulated policies favorable to steel producers. However, there are some discrepancies in the allocation of land acquisitions and iron ore mines. Additionally, new entrants face numerous regulatory clearances and other issues in the iron and steel industry. The Indian steel industry has high customs tariffs and non-tariff barriers making it highly insulated. Competition in the steel industry has changed the goals, structure and culture of an organization to achieve high efficiency and global competitiveness and the goal has already been achieved by several industries in India. But the lack of coordination between different departments of the organization and state governments is also a cause for concern.