SMU Data and Models
October 21, 2017
Steel Buyers Basics: Kobe Steel Problems and How to Avoid Them
Written by Mario Briccetti
SMU Note–The Kobe Steel scandal regarding falsifying test certifications has had a ripple effect. Steel Market Update asked those responding to our flat rolled steel market trends questionnaire if the Kobe scandal is raising some concerns that other mills may cut corners with testing and falsify documentation. Twenty-nine percent of our respondents had concerns.
From our background and experience, we are not aware of a single steel mill located in the United States or Canada that would falsify data.
