Majestic Proactive with Coronavirus Plan

Majestic learned lessons from the Great Recession of 2008-2009 and made changes to the company in order to protect it against industry disruptions in the future. One of those changes was to move to an almost exclusive domestic supply chain to minimize risks associated with foreign steel. The only exceptions being products not produced domestically or where there is limited supply that could be compromised (such as ultra-light gauge galvanized steel).

As a dynamic and evolving organization, Majestic employees (they call them associates) can work remotely and each have access to laptops. “With changes happening so rapidly, we have updated our policy to now allow all office associates to choose if they want to work from the office or home. They have full access and capabilities to do their job effectively from either location. Plants remain open for business as usual,” Leebow said.

To provide for a healthy work environment, the company encourages associates to seek information from the Center for Disease Control (CDC) and World Health Organization (WHO) websites, wash hands and limit exposure to large groups.

Majestic is asking all associates and clients or suppliers who may be visiting their facility not to come if they are sick, have been exposed to someone who is ill or have been in a region where there is an outbreak of the virus.

The company is using video platforms for customer and supplier interactions as much as possible to limit exposure.

Leebow said his company is well positioned to handle any business that comes their way. They have been building their flat rolled steel inventories to “healthy levels” as they are anticipating more consumption for their products in the future. “I believe that it [impact of virus] will require more domestic sourcing from our end users and service centers,” he added.

Majestic CEO to Speak at 2020 SMU Steel Summit Conference

Todd Leebow is a dynamic young leader within the flat rolled service center segment of the industry. Based on the history SMU has had with the company, we view Majestic Steel as an innovative, forward-thinking company. SMU has chosen Todd Leebow and Majestic to represent how a service center works to attract new young talent into the industry. This is part of a special segment of the 2020 SMU Steel Summit Conference program dedicated to attracting, training, communicating and retaining young workers.

Leebow will be speaking alongside an executive from the innovative manufacturing company Big Ass Fans. You love their name, and we think you will be spellbound with their story as a booming Kentucky-based manufacturer full of young talent.

How can Majestic and Big Ass Fans succeed while others struggle?

We encourage attendees at this year’s conference to remain for the Wednesday afternoon program (which will be completed by 3:30 p.m. ET). Besides Majestic Steel and Big Ass Fans we have a tremendous keynote speaker, former winner of the Toastmaster speaking award (and the youngest to ever win the award) Ryan Avery. SMU has heard him speak and you will find his presentation both informative and entertaining. Also coming back is a gentleman who spoke on youth in the industry to one of our conferences a few years ago – Jack Bellissimo of Michelin. He will talk to the need for young people to be innovators and how companies can use their drive to the organization’s advantage.  

You can find more details about our program on our website: www.SteelMarketUpdate.com/Events/Steel-Summit or you can click on this link.