This report is based on a Forbes survey, which was conducted of 62 people in positions of senior management of metal and steel companies, and interviews of leaders in the metals and mining industry.
The report states that the main priority of steel companies is to extend their market share. Due to prevailing skepticism held among these steel companies about the global economy recovering, their focus has shifted to cost reduction and performance improvement. They were also planning to modify their investment strategies in order to strengthen client accessibility and reduce costs. Currently, they are planning to invest more in R&D, and prepare for quality improvement with new manufacturing technologies.