UAW Counteroffer to Ford Could Soon Lead to Deal: Report
The United Auto Workers (UAW) union and Ford could soon reach a tentative labor deal.
Contributor: Laura Miller
Laura Miller
Read more from Laura Miller Ranger Steel Acquires Heavy Plate Distributor Nance
Ranger Steel Services has acquired the steel operations of Detroit-based heavy plate distributor Nance.
Cliffs Execs Quiet on Potential U.S. Steel Deal
On the company’s third-quarter earnings call with analysts on Tuesday, Oct. 24, Cleveland-Cliffs executives were careful not to disclose anything about their talks with U.S. Steel on a potential acquisition.
Goncalves Bullish on Auto Despite UAW Strike, Bearish on Service Centers
Cleveland-Cliffs says it is taking advantage of higher demand from the automotive sector – its biggest end-use market – this year.
Cliffs Posts Higher Q3 Profits, Solid Shipments Despite UAW Strike
Cleveland-Cliffs posted solid results for the third quarter, with strong steel shipments, particularly to the automotive industry, the steelmaker said in its Q3 earnings report on Monday, Oct. 23.
AM/NS Calvert, Stelco Follow Major Sheet Mills Higher
ArcelorMittal and Stelco joined last week’s move by domestic mills to push sheet prices higher.
South Korea, Brazil Won’t Max Out HRC Quotas This Year
South Korea and Brazil will not be maxing out their allowable quotas on hot-rolled sheet shipments to the US for 2023, according to government data analyzed by SMU.
UAW Strike Hits Stellantis’ Largest Plant
The United Auto Workers (UAW) union expanded its strike on Monday morning, hitting Stellantis’ largest plant.
JSW Steel USA Reports Improved Sales, Earnings
India's JSW Steel said lower steel prices and adverse market conditions affected the performance of its US operations in its fiscal 2024 second quarter ended September 30. Still, the company posted improved results compared to the same quarter last year.
Nucor Mulls New Rebar Micro Mill for Pacific Northwest
Nucor Corp. announced it is considering installing a new rebar micro mill in the Pacific Northwest.
SDI Doesn’t Rule Out Inorganic Growth M&A
On its third-quarter earnings conference call on Thursday, Oct. 19, Steel Dynamics Inc. executives did not rule out the possibility of ‘inorganic growth’ opportunities.
SDI To Commission Four Value-Add Lines Before End of Q1’24
Steel Dynamics Inc. provided an update on the four new coating lines it is adding to its Heartland flat rolled processing mill and Sinton sheet mill on its third-quarter earnings conference call with analysts on Thursday, Oct. 19.
DOE Selects Seven Hydrogen Hub Projects to Receive $7B in Funding
The US Department of Energy announced seven projects that will receive $7 billion in funding to establish regional hydrogen hubs across the country.
James Bouchard To Retire as Esmark CEO
After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.
Worldsteel Elects Nucor’s Topalian as New Chairman
Nucor’s President and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).
Unifor Members Ratify New Labor Deal with GM Canada
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
Rig Count Inches Up in US, Rebounds in Canada
The latest data from oilfield services provider Baker Hughes shows the number of active rotary rigs in the US and Canada bounced back during the week ended Friday, Oct. 13.
Commerce Updates AD/CVDs on Korean Cold Rolled
The US Department of Commerce’s International Trade Administration (ITA) is updating the antidumping and countervailing duties (AD/CVD) on cold-rolled steel imports from South Korea.
UAW Announces New Phase of Strike Against 'Big Three' Automakers
The United Auto Workers (UAW) union announced a new phase in its ongoing stand-up strike against the Big Three Detroit-area automakers on Friday.
CMC Reports Strength in North America as Europe Struggles
With solid demand and attractive margins, the North American market has been helping to prop up CMC’s results as its European operations struggle with weaker demand amid challenging market conditions.
SMU Survey: Lead Times Extend Across the Board
This week’s survey showed steel mill lead times extending across all product lines tracked by SMU.
Commerce Gives Final Ruling in Japanese Tin Products Sunset Review
The US Department of Commerce has issued its final ruling in an expedited sunset review of antidumping duties on imports of tin mill products from Japan.
Samuel Appoints New CFO
Samuel, Son & Co. has named Maria Perrella as its new CFO.
Leeco Names New Sales Manager for Northern Region
Leeco Steel has promoted Tom Murray to sales manager, north. The appointment was effective Oct. 1.
Unifor Reaches Labor Deal with GM Hours After Striking
Canada’s Unifor union reached a tentative labor agreement with General Motors on Tuesday, Oct. 10.
H2 Green Steel Considers Quebec for New Mill
H2 Green Steel is in talks with Canada to potentially build a new green steel project in Quebec.
Olympic Names New Aluminum Sales Director
Cleveland-based service center group Olympic Steel has named a new aluminum sales director.
September Import Licenses Steady, Flat Rolled Permits Rise
A slowdown in US steel imports has yet to be seen, as total import licenses in September were about even with August’s import levels.
UAW Making Progress with Big Three, Opts Not to Expand Strike
The United Auto Workers’ (UAW) strike against the Big Three Detroit-area automakers was not expanded on Friday, as “significant progress” is being made in contract negotiations.
Two of Big Three Automakers Report Strong Q3 Sales Growth
The Big Three automakers reported their third-quarter sales this week, with two of the three showing strong year-over-year gains.