Unifor Members Ratify New Labor Deal with GM Canada
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
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.
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.
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.
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.
This week’s survey showed steel mill lead times extending across all product lines tracked by SMU.
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, Son & Co. has named Maria Perrella as its new CFO.
Leeco Steel has promoted Tom Murray to sales manager, north. The appointment was effective Oct. 1.
Canada’s Unifor union reached a tentative labor agreement with General Motors on Tuesday, Oct. 10.
H2 Green Steel is in talks with Canada to potentially build a new green steel project in Quebec.
Cleveland-based service center group Olympic Steel has named a new aluminum sales director.
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.
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.
The Big Three automakers reported their third-quarter sales this week, with two of the three showing strong year-over-year gains.
A recap of SMU's Oct. 4, 2023, Community Chat featuring AGC chief economist Ken Simonson and his outlook for the construction markets.
Ryerson has acquired Norlen Inc., a Wisconsin-based metal fabricator, for an undisclosed sum.
Algoma Steel Group has extended its iron ore purchase agreement with U.S. Steel for another two years.
Cleveland-Cliffs has signed a non-disclosure agreement with U.S. Steel as the latter continues with its strategic review sales process.
A UAW strike at Mack Trucks was avoided this week when a tentative labor agreement was reached.
Pessimism grew among metalformers in September’s business report from the Precision Metalforming Association.
Electrode producer GrafTech International announced on Thursday, Sept. 28 that its president and CEO is stepping down.
The United Auto Workers (UAW) union expanded its strike on Friday, calling on an additional 7,000 workers at Ford and General Motors plants to strike as of 12 p.m. ET.
While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.
Worthington Industries said it has so far been little impacted by the United Auto Workers (UAW) strike.
As the world works to decarbonize and limit greenhouse-gas emissions to reach the goals outlined in the Paris Agreement, many steel companies have joined others in setting their own targets to reach net zero emissions by 2050.
The number of active oil and gas drilling rigs in the US and Canada increased this week, according to the most recent data from oilfield services company Baker Hughes.
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
Steel mill lead times were basically flat again this week compared to our previous market check, with production times shrinking slightly for hot rolled and cold rolled, and extending for galvanized, Galvalume, and plate.
Richard Fruehauf, U.S. Steel's chief of strategy and sustainability officer, spoke at Reuter's Industry Transition 2023 conference on Tuesday, Sept. 12.