Majestic Proactive with Coronavirus Plan

CLEVELAND, March 13, 2020 /PRNewswire/ -- When the media began reporting on the COVID-19 (coronavirus) a few weeks back, Majestic Steel sprang into action. This morning Steel Market Update spoke with Todd Leebow, CEO of Majestic Steel in Cleveland, Ohio, about how his company is dealing with the risks associated with the virus. As soon as the risk of the virus was evident, Leebow said, Majestic management put together an internal committee to draft an action plan. The team meets daily to go over the plan and implement steps as events dictate.

Majestic Was Prepared for the Unknown Risk

Majestic learned lessons from the Great Recession of 2008-2009 and made changes to the company in order to protect it against industry disruptions in the future. One of those changes was to move to an almost exclusive domestic supply chain to minimize risks associated with foreign steel. The only exceptions being products not produced domestically or where there is limited supply that could be compromised (such as ultra-light gauge galvanized steel).

As a dynamic and evolving organization, Majestic employees (they call them associates) can work remotely and each have access to laptops. "With changes happening so rapidly, we have updated our policy to now allow all office associates to choose if they want to work from the office or home. They have full access and capabilities to do their job effectively from either location. Plants remain open for business as usual," Leebow said.

To provide for a healthy work environment, the company encourages associates to seek information from the Center for Disease Control (CDC) and World Health Organization (WHO) websites, wash hands and limit exposure to large groups.

Majestic is asking all associates and clients or suppliers who may be visiting their facility not to come if they are sick, have been exposed to someone who is ill or have been in a region where there is an outbreak of the virus.

The company is using video platforms for customer and supplier interactions as much as possible to limit exposure.

Leebow said his company is well positioned to handle any business that comes their way. They have been building their flat rolled steel inventories to "healthy levels" as they are anticipating more consumption for their products in the future. "I believe that it [impact of virus] will require more domestic sourcing from our end users and service centers," he added.

CONTACT: Joni Kupps, [email protected]

SOURCE Majestic Steel USA

Related Links

http://www.majesticsteel.com