Steel Markets

UAW/FCA Reach New Agreement Avoiding Strike
Written by Sandy Williams
October 8, 2015
The UAW and FCA have reached a new tentative agreement, avoiding a strike deadline by minutes. The UAW notified members at 11:41 pm Wednesday evening, saying “significant gains” were secured in the new agreement.
“We heard from our members, and went back to FCA to strengthen their contract,” said UAW President Dennis Williams. “We’ve reached a proposed Tentative Agreement that I believe addresses our members’ principal concerns about their jobs and their futures. We have made real gains and I look forward to a full discussion of the terms with our membership.”
“FCA US confirms that it has reached a new tentative agreement with the UAW,” the company said in a statement. “Because the agreement is subject to UAW member ratification, the company cannot discuss the specifics of the agreement pending a vote by UAW members.”
The UAW Chrysler Council, made of local union leaders, will meet Friday at 11 am to discuss and vote on the agreement. If approved, details of the agreement will be released immediately to the membership and the ratification voting will begin.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.

Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.

Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]

HVAC equipment shipments slow in December but strong annually
Shipments of heating and cooling equipment in the US fell to an 11-month low in December, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).