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Raw materials management in iron and steelmaking firms

Author

Listed:
  • Henrik Florén

    (Halmstad University)

  • Johan Frishammar

    (Entrepreneurship & Innovation, Luleå University of Technology)

  • Anton Löf

    (RMG Consulting)

  • Magnus Ericsson

    (Luleå University of Technology)

Abstract

This paper adds new knowledge on how raw materials should be managed in iron and steelmaking firms. While previous research has contributed significantly to how firms should deal with functional challenges related to raw materials, the understanding of Raw Materials Management from a holistic perspective is largely lacking, and extant research does not provide qualified advice to firms on this matter. This study provides such knowledge by drawing on insights from Höganäs AB, a world leader in ferrous powder metallurgy, and their efforts to identify key aspects and principles of raw materials management. Our elaboration of a more holistic view on raw materials management builds on two elements. First, we depict five external uncertainties and three internal conditions that impact firm-level raw materials management. Second, we present six critical capabilities that underpin proficient firm-level raw materials management. The paper concludes with a discussion of implications for both firms aiming to increase their raw materials proficiency and to future investigations into this important area.

Suggested Citation

  • Henrik Florén & Johan Frishammar & Anton Löf & Magnus Ericsson, 2019. "Raw materials management in iron and steelmaking firms," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(1), pages 39-47, April.
    • Handle: RePEc:spr:minecn:v:32:y:2019:i:1:d:10.1007_s13563-018-0158-7
    DOI: 10.1007/s13563-018-0158-7
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    References listed on IDEAS

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    1. Lapko, Yulia & Trucco, Paolo & Nuur, Cali, 2016. "The business perspective on materials criticality: Evidence from manufacturers," Resources Policy, Elsevier, vol. 50(C), pages 93-107.
    2. Rosenau-Tornow, Dirk & Buchholz, Peter & Riemann, Axel & Wagner, Markus, 2009. "Assessing the long-term supply risks for mineral raw materials--a combined evaluation of past and future trends," Resources Policy, Elsevier, vol. 34(4), pages 161-175, December.
    3. Tiess, Guenter, 2010. "Minerals policy in Europe: Some recent developments," Resources Policy, Elsevier, vol. 35(3), pages 190-198, September.
    4. Massari, Stefania & Ruberti, Marcello, 2013. "Rare earth elements as critical raw materials: Focus on international markets and future strategies," Resources Policy, Elsevier, vol. 38(1), pages 36-43.
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    Cited by:

    1. Yıldız, Taşkın Deniz, 2020. "Waste management costs (WMC) of mining companies in Turkey: Can waste recovery help meeting these costs?," Resources Policy, Elsevier, vol. 68(C).

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