Cost of Possession
- Do you want to Buy Steel more Profitably?
Mill Steel Company delivers Steel ...
- Exactly how much you need
- Exactly how you need it
- Exactly when you need it
That's VALUE
We add value at less cost! Mill Steel offers value-added services that can substantially reduce the total cost of manufacturing.
We've made investments so that you don't have to. Our steel storage, handling and processing equipment, information systems and employee education and development are all top of the line and the cost of these investments are spread over the many customers we serve.
Mill Steel delivers exactly the steel you need, in the exact quantity and width you require, precisely when you need it. We simplify your production process, streamline your productivity and reduce or eliminate the cost of possession for our customers.
Here's how Mill Steel reduces your costs
Consider the costs of carrying your own inventory. Industry averages show that inventory housing, with all its hidden costs, can add 6.8% to the original price tag. Inventory capital carrying costs can add 8%. Equipment costs, 2.5%. Scrap costs, 4.5%. Manpower costs, 9.3%. So your typical cost of possession can be a whopping 30% added to the original invoice.
We can do much better than this. We enjoy economies of scale, we use specialized equipment and we do the job efficiently.
In short, it's very likely we can deliver ready-touse steel to your production line - precisely when you need it - for less than you can.
You Save with our Expertise
- Storage
Your steel shares our state-of-the-art facilities and equipment with steel for other customers so the costs are spread.
- Maximized capital
You save money when you buy steel in large quantities, but huge purchases require a lot of capital and storage space. When we inventory your steel, you "pay as you go" and your capital, like your space, is available for better uses. You also achieve savings in inventory tax, insurance, etc...
- Pre-production processing
We have the slitters and tension leveling - to ensure that your steel is ready for production. This is our full-time business, so our machines stay busy and our operation is cost efficient
- Getting the most out of metal
We are experts at getting maximum use out of our raw materials. Steel that may be considered scrap to one customer is ideal for another. We take care of scrap so that you don't have to.
