The Countries steel industry has been getting continuous investment boom due to steady demands. Steel manufacturers see no major negative impact on their industry as they believe the Countries economy will keep its impressive growth despite the global financial recession. But despite the growth that we see there are many underlying challenges as well. One of the biggest challenges are the minimization of IT complexity and the effort on maintenance. Other challenges are maintaining the up-to-date status of raw materials & finished goods, proper wastage management & production accuracy, proper planning and forecasting, ensuring availability of full value chain from HR and CR to GP sheet, captivating power source to combat the ongoing power crisis and ensure uninterrupted supply in the market, maintaining economies of scales to minimize production cost, ensuring superior product quality, creating strong distribution network and brand image . Apart from the challenges as mentioned above mentioned challenges there are many internal challenges that the industry faces. Stabilisation of the reporting structure for better decisions making and maintaining adequate data at the right time.