Steel Markets

UAW/GM Will Take Lead in Auto Negotiations
Written by Sandy Williams
September 2, 2019
The United Auto Workers has chosen General Motors as the lead company for labor negotiations that will set the pattern for 2019 discussions. Contracts at the Detroit Big 3 will expire at midnight on Sept. 14.
“We are focused. We are prepared. And we are all ready to stand up for our members, our communities and our manufacturing future,” said Gary Jones, UAW President.
Union members overwhelming approved strike authorizations at GM, Ford and FCA. The vote is a routine requirement of the UAW constitution that gives negotiators the authorization to call for a strike if necessary.
The UAW members approved the strike vote by a 94.98 percent rate at Ford, 96.4 percent at GM and 96 percent at FCA.
“No one goes into collective bargaining taking a strike lightly. But it is a key tool in the toolbelt as our bargaining team sits across from the company,” said Jones. “Ultimately, the company holds that destiny in their hands as they bargain. Clearly, the UAW stood up for them in a very dark time. Now that they are profitable, it is time for them to stand up for all of us.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

CRU: Sheet import demand softens as domestic price gains have slowed
US domestic sheet price gains have begun to slow as previously pulled-forward demand has led to a decline in orders.

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, […]