Rolling is one of the important forming processes used in steel industry. During rolling process because of overdraft and poor die design, cracks and breakage of rolls takes place, leading to shutdown of rolling mill. There is a need for proper deign of rolling dies based on work piece material. In the present paper design methodologies followed by various researchers are presented. Review on works related to Finite Element Analysis (FEA) methods and material selection is carried out and presented. 

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