Case Study: Leading Global Steel Manufacturer achieves £4 million savings with The Smart Cube

Supporting a leading global steel manufacturer to address volatile commodity prices

A leading global steel manufacturer partnered with The Smart Cube, its long-term procurement intelligence and analytics partner, to address volatile commodity prices and difficult market conditions that were putting pressure on cost savings. The company needed better commodity insights to support pricing negotiations with suppliers in high-spend categories and improve contract terms.

The Smart Cube used its Commodity Intelligence solution to benchmark prices, analyze market dynamics, supplier alternatives, Forex rates, and financial performance, and then translate the findings into clear negotiation levers and messaging. As a result, the client generated £4 million in savings, equal to 10% of spend, across key commodity suppliers, while also securing new contract terms that helped reduce future risk exposure.