Strategies for Operational Excellence by family owned Indian Mini Steel Plants in Global competitive market

摘要

Introduction: Steel is the most essential and recycled material in the world for nation's growth and a backbone in the engineering and manufacturing industries. It is produced both by large scale industries in integrated ways as well as by mini steel industries in the capacity of MSMEs. Mini steel plants in India are mostly functioning as family business within the category of micro, small and medium enterprises (MSMEs) and many of them have proved to be leaders in the areas of quality, efficiency and productivity in induction furnace steel making and processing. The production of steel through electric induction furnace is inherently energy intensive. The affordability and reliability of key energy resources, including electricity, melting scrap/ scrap substitute, various other additives are essential to the industry's competitiveness.