Tag: Ford

Stellantis and the United Auto Workers (UAW) union announced on Saturday that they had reached a tentative labor agreement.

With the aluminum industry assembled in Nashville, Tenn., for the Aluminum USA 2023 conference, word was breaking of a tentative deal between the United Auto Workers (UAW) and Ford.

U.S. Steel’s third-quarter earnings call with analysts on Friday, Oct. 27, was packed full of insight into the Pittsburgh-based steelmaker’s current state of affairs.

I wrote on Sunday that it could be a busy week for steel. It has been.

U.S. Steel on Thursday announced that it would increase spot prices for steel sheet by another $100 per ton.

Ford and United Auto Workers (UAW) leaders confirmed on Wednesday evening that they had reached a tentative labor agreement. “Ford is proud to assemble the most vehicles in America and employ the most hourly autoworkers,” Ford CEO and President Jim Farley said in a statement sent to SMU. “We are focused on restarting Kentucky Truck […]

The United Auto Workers (UAW) union and Ford could soon reach a tentative labor deal.

The UAW went on strike on Tuesday at General Motor’s truck and SUV plant in Arlington, Texas – the automakers’ largest assembly plant in the US.

The United Auto Workers (UAW) union expanded its strike on Monday morning, hitting Stellantis’ largest plant.

This week could be a big one for steel, or at least for the steel rumor mill. For starters, there is renewed speculation that an announcement about the U.S. Steel sales process could be in the works. The rumor mill is also churning fast when it comes to the duration of the UAW strike and […]

United Auto Workers (UAW) president Shawn Fain indicated on Friday that a deal between the UAW and the “Big Three” automakers could be in sight.

Canada’s Unifor, which represents union-represented auto workers there, has opened negotiations with automaker Stellantis.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand, inventories, imports, the UAW strike, and what people were talking about in the market.

Unifor members in Canada have ratified a new three-year labor agreement with General Motors

Steel Market Update’s Steel Demand Index remains in contraction territory despite repeated improvements since mid-September, according to our latest survey data.

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.

If the last few years have taught us anything, it is that nothing is certain.

The United Auto Workers (UAW) unexpectedly expanded its strike against Ford on Wednesday evening, when 8,700 union members walked out of the automaker’s Kentucky Truck Plant.

Canada’s Unifor union reached a tentative labor agreement with General Motors on Tuesday, Oct. 10.

A service center executive recently told me that the best way to make a fool of yourself was to try to predict what flat-rolled steel prices were going to do. He hadn’t expected that hot-rolled coil prices would rebound from less than $600 per ton ($30 per cwt) for some larger buyers to potentially more […]

The LME aluminum three-month price was broadly unchanged on Friday morning, Oct. 6, and was last seen trading at $2,243 per ton. Due to the Mid-Autumn Festival and National Day celebrations, the SHFE is closed for holidays from Sept. 29 to Oct. 6. According to a report from Bloomberg, leaders from the EU and the […]

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 US steel market appears to have gone from despairing over the possibility of spot HRC prices slipping into the $500s per ton to worrying about spot availability – and in just a matter of 2-3 weeks.

As steel production in the US continues to get cleaner, aluminum end users are calling on the government to invest in American-made, clean aluminum

The Big Three automakers reported their third-quarter sales this week, with two of the three showing strong year-over-year gains.

Ford Motor Co. presented its seventh offer to the United Auto Workers (UAW) on Tuesday amid the union’s ongoing strike.

Ford Motor Co. announced layoffs in Ohio and Illinois on Monday, citing the ongoing United Auto Workers (UAW) strike.

A UAW strike at Mack Trucks was avoided this week when a tentative labor agreement was reached.

Algoma Steel Inc. plans to ramp up production at its modernized plate mill toward the end of the year. Operations Update The Canadian sheet and plate producer said it in the meantime continues hot commissioning at the upgraded facility and has begun cold commissioning as well. The company said it has also run trials through […]

The US scrap market for October is a bit unsettled as the UAW strike against the Big Three automotive companies has expanded and shows scant signs of an imminent settlement.