Rebar fabricator co-op to leverage buys in bulk

Jan 23, 2013 | 04:41 PM | Samuel Frizell

Tags  Independent Steel Alliance, rebar fabricators, Chris Casey, cooperative, Samuel Frizell

NEW YORK — A group of U.S. and Canadian independent steel reinforcing bar fabricators has launched a steel purchasing cooperative aimed at leveraging purchases from steel suppliers and keeping small market players more competitive along the cost curve.

"What (fabricators) gain is the understanding that they—with their volume—can extract a better relationship with their suppliers," Chris Casey, executive director of the group, told AMM. "We give them an extra tool and an extra piece of leverage to affect their bottom line."....

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