Steel Mills
July 16, 2019
ArcelorMittal Seeks Discount from Suppliers
Written by Tim Triplett
Perhaps taking a page from automakers’ playbook, ArcelorMittal USA reportedly sent a letter to its suppliers last week stating that it planned to implement a 10 percent price reduction on all existing purchase agreements, effective July 31.
S&P Global Platts reported that ArcelorMittal is calling on suppliers to help it cut costs as it works through a period of oversupply and weak demand for the steel industry.
