Steel Industry

In spite of many all round reforms, the industry Is unable to meet the extremely large numbers and complex variety of challenges that have cropped up In view of the sky rocketing targets, declining profitability due to rising cost of Inputs, shortage of skilled manpower and other resources This emerging scenario forces the industry to develop a continuum strategy to maneuver the five engines of growth biz Market, Capital, Technology, Organization and most importantly the people- they are the task masters who control the other engines.

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Thus the need of the hour is to buildup the levels of competencies across the entire cross-section of the organization so as to meet these challenges and fulfill the goals and villous of the Industry. It can be easily understood that the growth target for SAIL has suddenly shot up, while the manpower is taking a deep downslide. Thus the urgent need of the hour is to increase the manpower productivity to bridge the ever widening gap. This can only be possible by improving upon the existing competencies and learning new ones.

But before thinking upon the each and every element of young manager’s championship trophy 2013-14 theme, we should know the other important things which are essential to understand and find out the solutions of the same. is often indicative of economic progress, as it plays a critical role in infrastructural and overall economic development. In 2012, total world crude steel production was 1,547. 8 million metric tones (met). The biggest steel producing country is currently China, which accounted for 6. 3% of world steel production in 2012.

In 2008 and 2009, output fell in the majority of steel producing countries as a result of the global recession, in 2010 started to rise The Steel industry directly employs more than two million people again. Worldwide, with a further two million contractors and four million people in supporting industries. Considering steel’s position as the key product supplier to industries such as automotive, construction, transport, power and machine goods, and using a multiplier of 25:1, the steel industry is at the source of employment for ore than 50 million people.