Steel Making Balanced Scorecard Metrics Template
KPIs in Steel Making
The act of manufacturing steel is governed by both micro- and macro- environmental issues. One should ideally be equally attentive towards both these factors while adopting the ‘BSC’ approach. This will go a long way in streamlining the operations, ensuring that opportunities are used for growing and that the properties of the product conform to the benchmarks.
Some of key directions in which KPI can be devised include Process, Product, Employee and Growth perspective. Process can be evaluated on various grounds like Process Range, reduction in process costs, corrosion decline ratio and by-products usage index.
The product can be assessed in the light of properties such as hardness, ductility, yield stress and Poisson ratio.
Further, safety for employees can be ensured using the KPIs such as Number of health check-ups organized in a year, % drop in accidents, labor turnover owing to un-safe conditions.
Lastly, Growth can be known by relying on measures like volume enhancement ratio, rise in the expertise level and % increase in operating revenue.
Steel Making Metrics in Excel:
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Download trial version of
Steel Making Measures.
Steel Making Estimation Balanced Scoreboard is distributed
as an Excel file. Before purchase you can download a
trial version of the scorecard.
Steel Making Estimation Balanced Scoreboard Excel file
contains a dashboard (see screenshots below), help information
section, Balanced Scorecard details.
- Purchase full version of
Steel Making Measures. Immediately after your order will be processed you
will have a link to download Balanced Scorecard (BSC) Excel file and file
in
Balanced Scorecard Designer format.
- Use Steel Making scorecard online with BSC Designer Online system. This SaaS solutions provides world-wide access to scorecards with any web-browser.
- It is necessary to start the design of KPIs with analysis of business problems, use Free SWOT Method Guide to perform this analysis. Check Balanced Scorecard Toolkit for scorecard designing instructions,
download Key Risk Indicators (KRI) Toolkit for risk management.
More ideas on using Steel Making KPI: Moving logically, steel making is the second step in the process of manufacturing steel from iron ore. In this, impurities such as sulfur, phosphorous are eliminated from the ore and alloy metals like manganese, nickel are added to it. There are basically two kinds of steel making procedures recognized- Primary (uses new iron as the input) and Secondary (has scrap steel as the input). This task requires immense investment of funds as huge equipments and instruments are needed. Also, a capable workforce has to be structured to utilize the devices to fullest. Making sure that all these aspects are done justice with, a management strategy to calculate the steps and moves is a must. BSC (Balanced Scorecard) well fits the bill in such a scenario, being ‘steel production’ in this case. BSC has all the relevant and connected indicators to help in the evaluation task of any process. By carefully coming up with set of metrics and indicators, one can gauge the manufacturing of steel for its success and bring in the needed improvements. On the whole, one can take the steel production attempts on ‘success path’.
More useful information for Metallurgy Estimation:
Business Intelligence (BI) for Metallurgy - measure performance with Steel Making Scorecard for Excel
We have designed Steel Making Balanced Scorecard (BSC) in MS
Excel, so now you can measure and control your performance using this popular
business tool. Download
trial
version right now.
Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Metallurgy.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Steel Making scorecard to align business performance.
Why do I need these metrics?
MS Excel files that we distribute are a
spreadsheets packed with metrics information and the performance
calculation formulas.
It's a real-business information. We
invested in research that involved experts from Metallurgy Evaluation industry who elaborated and shared certain metrics.
It's valuable, real-life experience which will help to improve the performance of your business.
I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.
Steel Making Estimation Balanced Scoreboard Screenshots

Metrics for Metallurgy Estimation. This is the actual scorecard with Steel Making Measures and performance indicators.
The performance indicators include: process perspective,corrosion decline ratio,processes range,reduction in process costs,by-products usage index,properties perspective,hardness,ductility,yield stress,poisson ratio,employee perspective,% drop in accidents,number of training sessions held,number of health check-ups,labor turnover due to safety problems,growth perspective,volume enhancement ratio,% contribution to nations total steel production,expertise level,% rise in the operating revenues.
These indicators can be converted from text into the visualized view with BSC
Designer
strategy map function. Right now you can download trial version of Steel Making Measures or purchase full version of this Balanced Scorecard.
Also, it is possible to import this scorecard into web-based balanced scorecard (BSC) software - BSC Designer Online, so it will be accessible to you and your employees with any web-browser. |
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Some Balanced Scorecard help information that explains how to interpret scorecard.
What scores and weights can be changed. |
Download or purchase Steel Making Estimation Balanced ScoreboardRight now you can download a trial version
of Steel Making Estimation Balanced Scoreboard or purchase a
full version online. Also, if you are interested you can subscribe to our
e-course that helps a lot with Balanced Scorecard design.
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