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Shiloh Industries Inc (SHLO) |
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Shiloh Industries Inc's Suppliers Performance
SHLO's Supply Chain
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SHLO Costs vs Sales of Suppliers Growth |
Revenues of Shiloh Industries Inc's Suppliers, deteriorated by -30.66 % compared to the same quarter a year ago, from the previous quarter, sales fell by -17.61 %, Shiloh Industries Inc's cost of sales deteriorated by -38.16 % year on year, relative to one quarter ago cost of sales fell by -6.39 % in Q2.
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Shiloh Industries Inc's Suppliers realized a deteriorated in sales by -30.66 % compared to the same quarter a year ago, from the previous quarter, sales fell by -17.61 %, Shiloh Industries Inc's cost of sales deteriorated by -38.16 % year on year, compare to one quarter ago cost of sales fell by -6.39 % in Q2.
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News about Shiloh Industries Inc Contracts |
Shiloh Industries Inc's Comment on Supply Chain
The raw materials required for the Company's operations are hot-rolled, cold-rolled
coated steel, aluminum coil and aluminum and magnesium ingots. The Company obtains
steel from a number of primary steel producers and steel service centers. The
majority of the steel is purchased through customers' steel buying programs. Under
these programs, the Company purchases steel at the price that its customers negotiated
with the steel suppliers. The Company's most significant steel suppliers are AK
Steel, ArcelorMittal, Kenwal Steel Corporation, SSAB Swedish Steel Corporation,
Steel Technologies, Tibnor and U.S. Steel. The Company takes ownership of the
steel in many instances; however, the customers are responsible for commodity
price fluctuations. Most of the steel owned by the Company is purchased domestically.
A portion of the Company's steel products and processing services are provided
to customers on a toll processing basis. Under these arrangements, the Company
charges a specified fee for operations performed without acquiring ownership of
the steel and being burdened with the attendant costs of ownership and risk of
loss. Through centralized purchasing, the Company attempts to purchase raw materials
at the lowest competitive prices for the quantity purchased. The amount of steel
available for processing is a function of the production levels of primary steel
producers.
For the Company's aluminum and magnesium, used in the CastLight™ product
brand, the cost of raw materials is handled in one of two ways. The primary
method used by the Company is to secure quarterly purchase commitments based
on customer releases and then pass the quarterly price changes to those customers
utilizing published metal indexes. The second method used by the Company is
to adjust prices monthly, based on a referenced metal index plus additional
material cost spreads agreed to by the Company and its customers. The primary
aluminum suppliers for the Company are Beck Aluminum, Rio Tinto, Imperial Aluminum
and Allied Metals.
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