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Germans assess centralised raw materials buying

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Comments are continuing to circulate about the possible formation of a centralised industry-wide raw materials purchasing company in Germany.

‘We would be very interested,’ Michel Wurth, board member at leading steelmaker ArcelorMittal, has acknowledged to the German edition of the ‘Financial Times’. He added that he was engaged in preliminary discussions with ThyssenKrupp’s former CEO Eckhard Schulz which will lead to the formulation of a position paper. The objective of any such enterprise would be to increase the delivery of key raw materials for the steel industry, and to reduce volatility.

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