Steel Markets

Ford, Stellantis to Take Downtime on Chip Shortage (Again)
Written by Michael Cowden
March 4, 2022
The global chip shortage continues to dog North American auto assembly plants more than a year after the issue first resulted in widespread production outages.
Among the automakers impacted this week are Dearborn, Mich.-based Ford Motor Co. and Stellantis, the European parent company of Auburn Hills, Mich.-based Chrysler.
Chrysler’s Belvidere, Ill., assembly plant – which makes the Jeep Cherokee SUV – will be down the week of March 7 because of the chip shortage, a company spokeswoman said.
“Stellantis continues to work closely with our suppliers to mitigate the manufacturing impacts caused by the various supply-chain issues facing our industry,” she said.
Down this week at Ford are the automaker’s Kentucky Truck facility in Louisville, Ky., and its Ohio Assembly plant in Avon Lake, Ohio.
Kentucky Truck makes the F-250 to -550 “Super Duty” trucks as well as the Ford Expedition and Lincoln Navigator SUVs. Ohio Assembly’s products include the F-650 and F-750 “Medium Duty” trucks as well as the chassis cab for the F-350, F-450 and F-550 “super duty” trucks.
“We have teams working on how to maximize production, with a continued commitment to building every high-demand vehicle for our customers with the quality they expect,” a Ford spokeswoman said.
Case in point: Ford continues to make the F-150 at the two U.S. assembly plants that produce it: one in Dearborn and another in Claycomo, Mo.
Ford’s F-series pickup trucks are the best-selling vehicles in the U.S.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Markets

Trading firms Mercuria and Tata International partner in joint venture
Geneva-based global commodities trader Mercuria is set to acquire a majority stake in Tata International, according to a report in India's Economic Times.
Glenfarne Alaska LNG and POSCO ink preliminary partnership
Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.

Steel export volumes remain weak through July
Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons. July was the sixth-lowest monthly export rate since the COVID-19 pandemic, and...

Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.