Steel Markets

Nexteer Strike Over In Just One Day
Written by Sandy Williams
December 10, 2015
The Nexteer Automotive strike was called off after just one day. A second tentative agreement was reached on Tuesday night, Dec. 8 and workers at UAW Local 699 were told to resume their scheduled shifts.
The first tentative contract was rejected by an overwhelming majority of workers at the company which produces steering and driveline systems for Detroit and foreign automakers.
UAW Local 699 president Rick Burzynski said, “Everybody stand strong in solidarity. Your voices were heard and the leadership is there for you. We’ve always been there for you.”
The new agreement will be voted on sometime next week and addresses most of the concerns expressed workers regarding wages, benefits and health insurance costs. Highlights of the agreement will be released in the next few day followed by copies of the complete contract.
“We’re going to give them a little more time this time to review everything,” said Burzynski.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

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).

Apparent steel supply rebounds in December, but 2024 total at 4-year low
Apparent US steel supply rebounded in December, but 2024 was still the lowest level for supply since 2020.