LNM Holding to limit marketing traders
As a conclusion of the group's strategic decision, there are only three
trading houses left in the run for the marketing of LNM products which are namely Macsteel, Duferco and Stemcor. Lou Gorsch, the ex CEO of GSX, is consulting LNM on the way forward with this change in operations.
Earlier this year, the group has summoned all major
trading companies to their headquarters in order to try and limit competition among the mills and avoid misrepresentations in the market.