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Recent economic changes facilitated the Steel sector to ignore the Reserve quotation for PSU to get a wave from mandatory. The six major role players in Indian steel sector equally qualified to world class iron makers out of 36 in the world. In 2018, steel utility was about to grow at the rate of 5.7% year-on-year 9.2% Metric Tons. Our country anticipated to beat Japan to predominant in iron production at the earliest. But, few iron PSUs in India still struggle to sustain with Industry growth. With this aim, the financial performances of seven selected PSU companies are predicted through Altman’s Z- score.