Steel Markets
UAW Set to Expand Strike on Friday if New Deal Not Reached
Written by Ethan Bernard
September 19, 2023
United Auto Workers (UAW) union president Shawn Fain has announced a new deadline: Friday, Sept. 22, at noon, after which point the union could expand its strike.
“If Ford, General Motors, or Stellantis have not made substantial progress toward a fair agreement, the UAW will call on more members to join the ‘Stand Up Strike,’” the union said in statement on Monday. The statement references a video made by Fain and posted on several of the union’s social media sites.
The UAW launched a strike on Sept. 15 against all three Detroit-area automakers when a labor agreement was not reached. The union is targeting specific plants across all three companies. That’s a departure from the standard practice of targeting all the plants at one automaker.
So far, the union has aimed the strike at GM’s Wentzville Assembly Plant in Missouri; the Stellantis Toledo Assembly Complex in Ohio; and Ford’s Michigan Assembly Plant in Wayne, Mich. (but only the final assembly and paint shops there).
“We’ve been available 24/7 to bargain a deal that recognizes our members’ sacrifices and contributions to these record profits. Still, the ‘Big Three’ failed to get down to business,” Fain said in the video.
“If we don’t make serious progress by noon on Friday, Sept. 22, more locals will be called on to stand up and join the strike,” Fain added.
The union resumed talks with the automakers on Saturday, according to a report in the New York Times.
When contacted by SMU, spokespersons for GM, Ford, and Stellantis pointed to statements referencing that the automakers continue to bargain in good faith and seek an agreement.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Markets
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Slowing data center, warehouse planning drives decline in Dodge index
The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.
Latin America’s steel industry grapples with declining demand, rising imports
With climbing imports and falling consumption, the Latin American steel industry has had a challenging 2024, according to an Alacero report.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).