Yes, the market has been full of bad news lately
…Price of barrel of oil has dropped significantly – from recent high of $110 / barrel to $81 / barrel
…Nickel is officially in a bear market with it’s recent decline
…European market forecasted to be in recession in 2015
…Stainless steel scrap keeps dropping as well
One month you are going along with a rosy forecast and then the next month, BAM! How do you counteract all this? Use a master distributor like ESP to help you manage your stainless bar inventories. The impact of dropping value of inventories and market uncertainties can be offset by a reliance on ESP as part of your supply chain. Mill lead times remain far out so how do you forecast accurately with all these unknowns? Let’s be honest – you won’t and you can’t! Your customers simply do not give you accurate forecasts on their stainless bar purchases. Having a relationship with ESP can help you meet your future customer needs.
Call ESP at 888 377 4317 and take the worry out of making your customers happy!