SMU Data and Models
October 18, 2017
Is Trust Another Victim of Kobe Steel Scandal?
Written by Tim Triplett
Does the Kobe Steel scandal raise the question that other steel mills, including those in the United States, might cut corners with testing and falsifying documentation? About 70 percent of buyers and sellers of steel responding to Steel Market Update’s flat rolled steel market trends questionnaire this week say no, they remain confident about the veracity of their steel suppliers’ testing and documentation. But nearly 30 percent say they are concerned about the possibility they are getting material that does not meet the specifications they ordered.
Most respondents remain confident in the integrity of their mill suppliers and their quality control.
