To Win, Steel Companies Better Learn to Share
10/05/2016 - The time has come for steel companies to consider sharing inventory, assets and capacity as a way to maintain to profitability and competitiveness – and to better meet the needs of customers, Ryerson Holding Corp. chief executive Edward Lehner said on Wednesday.
Lehner, who spoke during the CRU North American Steel 2016 conference in Chicago, said that steel companies have been too parochial, a characteristic they will have to change in order to survive in the modern climate.
“We have to get out of this idea that we are these to-the-death competitors,” he said.
Sharing inventory, assets and capacity has worked in other industries, he said, and would allow steel companies to offer better experiences to customers.
“That model makes sense,” he said. “I only hope that we have the wisdom and I only hope we have the wherewithal to do it.”
“We have to get out of this idea that we are these to-the-death competitors,” he said.
Sharing inventory, assets and capacity has worked in other industries, he said, and would allow steel companies to offer better experiences to customers.
“That model makes sense,” he said. “I only hope that we have the wisdom and I only hope we have the wherewithal to do it.”
