Market Data
April 6, 2014
Steel Buyers Basics: Trouble
Written by Mario Briccetti
The following article is a continuation of our Steel Buyers Basics series and is written by Mario Briccetti. Mario is Principal of Briccetti & Associates, a Supply Chain consulting firm, and can be reached at Mario@mbriccetti.com
In an earlier article I noted that the steel business is often subject to interruptions in supply and described several strategies to mitigate supply chain risk. However, even the best backup plans don’t always work. With the recent pair of mill shutdowns at US Steel, I thought it would be time to write an article on how to react to (rather than plan for) an interruption of supply when a steel buyer doesn’t have a viable back up source of supply.
