Considering the growth of iron and steel industry in the world, existence of iron ore rich resources, abundance of inputs required by the steel industries and higher demands for steel in Afghanistan, the idea of analyzing the strategy of iron and steel industries for codifying and defining of a development strategy in field of respective industries has been created in Afghanistan. Due to, the first strategy of iron and steel industries in the world and in selected countries (China, Iran, India and Pakistan) has been analyzed and evaluated. With the help of library studies, bylaw appraisal and interviews with experts, the effective internal and environmental factors for establishment of iron and steel industries in Afghanistan has been analyzed and determined. Based on the weaknesses and threats of selected countries regarding steel and iron industries and the current internal and environmental factors in Afghanistan, eight bold categories of strategy in respective of development projects in Afghanistan has been defined and codified by using SWOT technique. The Ranking of strategies have been done by using Shannon entropy and Promethee methods. As the result ST2 Strategy placed on first and SO2 Strategy placed on last position.