Weaker demand has prompted Arcelor—the world’s No. 1 steelmaker by output—and some of its rivals to rescind price increases as a way to retain market share.
After a strong start to the year, the world’s biggest steelmakers lost ground in the third quarter and raised caution flags for the rest of the year, expecting to be hit by uneven demand, falling prices and high raw-material costs.
Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.