For years, the business model for many forgers has been to purchase their raw material bar stock mill direct and to cut the material into blanks in house on their own shears or saws. This model worked for them, particularly in times of steady pricing and flexibility from the mills in regards to shipments. But what happens when the market changes rapidly?
At Eaton Steel Bar Company we have seen the hot mills become much less willing to hold inventory, shifting their business models...
In the aftermath of the market crash in October of 2008 and ensuing recessionary trends in 2009, the SBQ steel bar market experienced a change in the business model that had been the status quo. Many companies became very risk adverse to carrying large inventories and proceeded to reduce inventories. “Turning and Earning” became the model they chose to implement while other companies were unable to withstand the economic downturn and closed their doors.
As 2012 comes to a close, we...
In today’s market companies must differentiate themselves from their competition to secure more business from existing customers or to develop new business. The market dictates that pricing is a key factor, yet it shouldn’t be the only factor a buyer considers. The question that sales professionals must answer today is, ‘What value proposition can I bring to the customer/prospect that differentiates me from my competition?’
At Eaton Steel Bar Company we have a number of different...
Since our inception in 1953, ESBC has enjoyed the support of our fellow Michigan based customers, suppliers, and communities. ESBC started out in Detroit and now has grown to have locations in Oak Park, Taylor, and Livonia. Without the support of our fellow Michiganders, we would not be the company we are today.
Being a Detroit based company, we also like to show support and provide opportunities like we were given to other Michigan based companies. From larger projects like our...
Eaton Steel Corporation is expanding our Oak Park/Corporate Headquarters complex. We recently purchased three buildings to the east of the existing Oak Park facility for the planned expansion.
Demolition of the existing buildings has started and should be completed by the end of December. The new structure should be completed in the summer of 2012 and will give Eaton Steel an additional 175,000 square feet of warehouse space and additional office space.
Customers will reap the...