How does a global steel company stay solid in a risky sector? With the help of Coface's risk management solutions, that is. For almost 20 years, Macsteel International has relied on Coface trade credit insurance to sustain a competitive edge in the market.
About Macsteel International
An industry leader in the steel trade sector with a 120-year legacy, and operations that span across 40 service centers, branches, franchise partnership outlets and warehouses worldwide. Regulatory changes, impacts from global conflict, carbon prices: steel is a sector full of risk and requires the ability to make quick decisions to seize opportunities and avoid trade risks.
More than just protection: a competitive edge in a risky sector
Coface and Macsteel have worked in partnership for almost… two decades! For Macsteel, strong risk management includes Coface’s solutions: trade credit insurance and, more recently Business Information services.
We needed a partner who’s got a global reach, a ton of information about the various counterparties out there, and the ability to act quickly.
Dinetah Sims, Senior Vice President, Macsteel International
Coface Global Solutions, a unique structure designed for multinational companies, provides Macsteel more than just insolvency protection but with a:
- Competitive advantage by being able to be aligned with the market terms that other traders might be providing
- Global edge through centralized risk policy management and real-time visibility into their global exposure, including subsidiaries
- Local know-how through support from Coface risk expert teams
- 360-view of trade partners thanks to performance monitoring through the interactive Coface Risk Dashboard
- Robust API solution for seamless and easy integration into company portals and a more powerful risk management.
Watch our video to hear more on the Coface and Macsteel relationship from Macsteel's Senior Vice President Dinetah Sims:
