U.S. Steel Talks Price Hike, Investments; Says Little on Sales Process
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.
Tag: Stellantis
Final Thoughts
I wrote on Sunday that it could be a busy week for steel. It has been.
Ford, UAW Confirm Tentative Labor Agreement. Ford Workers Back on the Job.
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 […]
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.
UAW Strikes GM Truck Plant in Arlington, Texas
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.
UAW Strike Hits Stellantis’ Largest Plant
The United Auto Workers (UAW) union expanded its strike on Monday morning, hitting Stellantis’ largest plant.
UAW's Fain Calls No New Strikes, But Says Still No Deals With 'Big Three'
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.
Unifor Kicks Off Talks With Stellantis
Canada’s Unifor, which represents union-represented auto workers there, has opened negotiations with automaker Stellantis.
Unifor Members Ratify New Labor Deal with GM Canada
Unifor members in Canada have ratified a new three-year labor agreement with General Motors
SMU Steel Demand Index Inches Up Again But Still in Contraction
Steel Market Update’s Steel Demand Index remains in contraction territory despite repeated improvements since mid-September, according to our latest survey data.
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.
UAW Strikes Ford Kentucky Truck Plant
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.
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.
Final Thoughts
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 […]
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.
UAW, Mack Trucks Avert Strike with New Labor Deal
A UAW strike at Mack Trucks was avoided this week when a tentative labor agreement was reached.
Algoma Aims To Ramp Plate Production by Year End
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 […]
CRU Aluminum: Curiously, LME Moves Higher and Midwest Drifts Lower
The LME aluminum 3-month price was up 4.7% during the last week of the month to close September trading at $2,325 per metric ton – its highest price since early August. Several correlations appeared to have broken down in the short term given the weakness in the US stock market, a weaker copper price, and, critically, the resurgent dollar.
UAW Expands Strike to Ford and GM Assembly Plants
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.
UAW President To Announce New Strike Plans on Friday Morning
The United Auto Workers (UAW) president Shawn Fain is scheduled to make an announcement on Facebook Live, according to the UAW International Union's Facebook page.