India's steel industry is quite promising and expected to grow steadily over the coming years. As the second largest steel manufacturer in the world, there is a lot to expect from the country. One of the major demand drivers for steel is the construction industry. There are various government initiatives like affordable housing and smart cities that have boosted the demand quite significantly. The other initiative contributing to the steel industry's growth is "Make in India." It is also expected to have a significant impact in making India a global high-carbon steel strips and other products manufacturing hub. The challenges in the industry Despite India's prestigious global position as a EN42J steel grade exporter , many challenges lie ahead. This includes economic slowdown and trade ways with the potential to test the industry. The Indian government is also considering getting into the RCEP deal. This could encourage duty-free imports that may affect