Steelmaking is a lucrative industry in our country in today’s day and age. However, it is also a costly business. The only survival mantra for the steel industry is to cut cost in production. It often becomes easy for steel companies like MS Life to cut their production costs by an effective forecast of the market behaviour. The steel industry of India contributes approximately 2% to the country’s annual GDP, creating job opportunities for over 25 lakh people both directly and indirectly Production of steel is dependent on many variables like iron ore, coking coal, limestone, natural gas and power, …