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    Analysis

    October 11, 2017

    Final Thoughts

    Written by John Packard

    We received a number of responses to our articles on ethics. We didn’t want to beat a dead horse by producing another article this evening, even though there is plenty to write about. For those of you who have not noticed, Kobe Steel in Japan has admitted falsifying data on materials placed in autos, trains and aircraft. The initial reports do not specifically mention steel – more aluminum and other materials. Nonetheless, the reputation of Kobe Steel may be damaged beyond repair. The mill made an ethical decision to deceive its customers and now they, and perhaps the entire Japanese industry, will be harmed by the lack of foresight and actions of a few. It only takes the actions of a few (maybe even just one) to ruin a company’s reputation. It will be interesting to watch what happens to Kobe Steel in the coming weeks and months.

    I mentioned this yesterday but I want to put it out there again today, we will be accepting sponsors and exhibitors for our 2018 SMU Steel Summit Conference in the coming days. If a commitment is made now, you have the option of either being billed and paying during calendar year 2017 or waiting to be billed after the first day of the New Year. If you have questions or would like to receive a sponsors/exhibitors package, please send an email to: info@SteelMarketUpdate.com. We anticipate attracting 750 attendees to our 2018 conference.

    John Packard

    Read more from John Packard

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