Developing the right link key to steel-scrap tie-ups exec
Nov 15, 2007 | 09:42 AM
The potential headaches of a steel producer owning a recycling company can be avoided if the mill develops the right relationship with its independent scrap suppliers, Randy Ehret, manager of strategic sourcing at Timken Co., Canton, Ohio, said.
Ehret offered that view Wednesday while sharing a podium with an executive from Steel Dynamics Inc. (SDI), the producer that recently purchased scrap chain OmniSource Inc. The two speakers were at AMM's Scrap Conference in Scottsdale, Ariz.
"If your supply base is truly committed to insuring supply at a competitive price, and they're adding value, there may not be a need to backward integrate," Ehret said, adding that Timken's close liaison with suppliers includes rigorous monitoring.....
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