37 Metals CEOs in 24 countries were interviewed for PwC’s 19th Annual Global CEO Survey.
The metals sector has been more affected than most by the volatility in world commodity markets. Steel companies, in particular, have been forced to streamline their operations and close some plants to cope with low plant utilisations - it is estimated that over 45 million tonnes of global steelmaking capacity was idled or shut down in 2015. And as a highly energy-intensive industry, metals also has to manage the risks associated with climate change, and the rising expectations of stakeholder groups, especially NGOs.
Key industry findings:
Metals CEOs are most concerned about commodity prices, over-regulation.
Customers and supply chain partners have the greatest impact on metals company strategy.
Metals CEOs are transforming their talent strategy with a focus on effective performance management.