This document discusses the steel sector in India. It notes that India has the 3rd largest steel production capacity globally at around 110 million tonnes annually. The steel sector contributes around 2% to India's GDP and 6.7% to industrial GDP. It employs around 600,000 people. The document outlines the sector's potential for growth given India's large reserves of iron ore and coking coal, growing infrastructure and manufacturing sectors, and favorable demographics. However, it also lists challenges such as inconsistent availability of raw materials, underdeveloped infrastructure, high financing costs, global steel overcapacity, and threats of trade barriers.