Corus reviews customer payment terms
05 Aug 2008
Corus is continuing to see unprecedented market turbulence in the steel supply chain, with increasing input cost pressures in areas of raw materials, shipping and energy.
“This situation has already led Corus to examine its operating efficiencies in order to minimise the impact on its customer base,” said Corus Executive Committee Member Scott MacDonald. “However, part of this process has focused on customer payment terms, which are being evaluated on a country-by-country basis.”
Corus Business Units have started contacting all their customers to inform them of the new payment terms.
This Corus initiative is part of a trend that is being witnessed across the steel industry.
