Based on my experience running maintenance and operations in a metals plant, here is what I'm guessing you are looking for:
1.Alarms and SER- A way of quickly telling what happened so you can get back on line. The operators might be able to save time if they knew what tripped the breaker, without having to run out to various relay panels.
2. Analog Data - A means of gathering data to do a post mortem to analyze what went wrong..
3. Proactive System- A system that could alert operators to correct a problem before the trip occurs by monitoring critical readings (temperatures, voltages, amp loading, oil levels, cooling air filter DP's, auto-tap changer operating sequence timing, etc).
Those criteria are roughly in order by cost.
1.- Alarm system that is a little more sophisticated than an alarm panel and trip targets on relays. Look at adding trip indicating relays to each trip circuit that close a contact when trip current flows. Wire the outputs, along with all breaker and lockout relay aux contacts into a Sequence of Events Recorder or a PLC/DCS system to record the trips. A PLC or DCS could have "expert" system programming to use the inputs to determine the fault location, probable cause, recommended recovery action, etc.
The transformer and rectifier low level, high pressure, high temperature alarms could all be wired into this system,
2. IMHO, voltage and current records will not be that useful in a metals plant for troubleshooting. Nice to have, but not critical because most of the problems will be hard failures of cables, transformers, rectifiers, or other more mundane trips. It's not like a transmission line or a generating station with sophisticated relaying schemes that require lots of data to analyze when a false trip occurs. Monitoring voltages and currents on a few main breakers may be all that is needed. (Unless harmonic problems start occurring.).
3. This level adds analog I/O to read and record transformer and rectifier temperatures, amp loading, tap changer operation or other variables your experience indicates is critical to your plant.
Define what you want to do, then start looking at devices or systems to do it. Start with a one line, and hit the big equipment. Think of what information you would like if you only had 30 minutes to get back on line after a trip. Start a list of data points based on the one line.
Decide if it will be data only, or do you want to do remote control also.
Decide if you will be using remote I/O with modules in each breaker/ transformer cabinet scattered through out the plant, or centralized I/O with field wiring back to the central location. Are there existing fiber networks that could be used?
Just some ideas to get you going.