Audio – Esmark molds a new steel model

May 22, 2007

What’s the driving factor behind steel prices? Inventories, pure and simple, says Craig Bouchard, president of privately held steel services company Esmark. His young company plans to forge a new path in the sector by cutting inventory levels and chopping delivery times. bouchard.jpgControlling inventories — which led the company to launch its successful proxy battle for Wheeling-Pittsburgh — and cutting delivery times to as little as 48 hours are at the core of Esmark’s strategy. If Esmark can do that, Bouchard told Reuters in New York,  ”every material customer in the service center market will want to do business with us.”

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