Trade policy moves create great ironies sometimes. I often write about these ironies when the US acts against the interests of the country as a whole by protecting certain industries from international competition. But the US is not alone, especially in recent years as the World Trade Organization and the international geopolitical order have been […]
Mixed trends were observed in prices of ore-based metallics as demand stayed subdued in Europe and the US. Buying activity had been limited in the US due to several upcoming mill outages and ahead of the UAW strike. However, prices have found stability despite declines in prices of prime grades of scrap. In the CIS, […]
Unifor, the union which represents Canada’s auto workers, has written a letter in solidarity with the United Auto Workers (UAW) strike as its own labor contract deadline nears.
The LME aluminum 3-month price was broadly stable on the morning of Sept. 15 and was last seen trading near $2,208 per tonne.
The United Auto Workers (UAW) launched its “stand up” strike just after midnight on Friday, according to posts on the union’s Facebook page. “We are the union! The mighty, mighty union,” UAW members with “On Strike” signs chanted in a video posted to the site. The move came after union president Shawn Fain suggested that […]
SMU Managing Editor Michael Cowden shares his Final Thoughts for the week on what happens to steel if the United Auto Workers (UAW) launch a series of “stand up” strikes at midnight tonight against Ford, General Motors, and Stellantis?
Hot-rolled coil (HRC) futures prices fell after our last column published Aug. 17, putting in recent lows around $25-$30 per ton lower than the week prior
The United Auto Workers (UAW) union will strike specific plants across all “Big Three” automakers if new labor contracts are not reached by midnight on Thursday.
Domestic scrap prices for shredded and HMS were sideways in September vs. August. However, busheling fell precipitously during the month, according to scrap sources surveyed by SMU.
As the deadline for a United Auto Workers (UAW) strike nears, the vast majority of market participants polled by SMU expect union workers will strike.
The United Auto Workers (UAW) union is preparing a “strategic strike,” targeting specific plants at all three of the Detroit automakers, according to a report in the Detroit Free Press.
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Sheet prices have fallen to their lowest point of the year - just below $700 per ton ($35 per cwt) when it comes to hot-rolled coil (HRC).
Steel prices kept falling throughout last month. Hot-rolled coil (HRC) prices ended August at $725 per ton ($36.25 per cwt) on average, having fallen by $105 per ton during the month.
A Stellantis executive detailed today the progress the automaker is making with the United Auto Workers (UAW) union as a “good path” ahead of Thursday’s contract deadline.
The more of you I talk to, the more the question seems to be not whether the United Auto Workers (UAW) will strike later this week but instead for how long. You’re also asking whether the UAW will target one union-represented automaker or whether it might take the unprecedented step of walking out at Ford, […]
Automaker Stellantis presented what it said was a "strong" contract offer to the United Auto Workers (UAW) union on Friday. The union's initial reaction was not positive.
The hot rolled (HR) forward curve has rebounded following the Labor Day weekend. The index this week surprised a few folks as it barely slid double figures and remains above $750 per short ton (ST).
We’re just a week away from a potential United Auto Workers (UAW) strike against one, or potentially all three, union-represented automakers. The latest turn of the screw: UAW President Shawn Fain said an offer from Detroit-based General Motors was “insulting.”
Unifor, the union representing Canadian autoworkers, among others, has chosen Ford Motor Co. as the target automaker in its labor negotiations with the Big Three Detroit automakers.
United Auto Workers (UAW) president Shawn Fain said Wednesday the union plans to strike against any Detroit automaker with which it hasn’t reached an agreement by the time the labor contract expires, according to an interview with the Associated Press.
The spot market remains quiet on fears of a potential United Auto Workers (UAW) union strike late next week.
President Biden downplayed the prospect of a strike by the United Auto Workers (UAW) union in comments on Monday, according to a report by Detroit’s WXYZ’s news.
Some of you may remember when the year “2000” seemed like the distant future.
Spot hot rolled (HR) prices continued their gradual decent, losing almost $100 per short ton (ST) in August.
We’re roughly a week removed from the 2023 Steel Summit and some of the discussions, both on stage and the the sidelines of the event, remain of critical importance to many in the industry.
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.
United Auto Workers (UAW) at battery cell maker Ultium Cells in Lordstown, Ohio, ratified an interim labor agreement over the weekend.
I headed back to the Atlanta airport after Steel Summit in 2022 hoping to catch up with a few colleagues and contacts only to learn that Cleveland-Cliffs had just announced a price hike. So, I set everything aside, opened up my laptop, and filed a short article about the $75-per-ton ($3.75-per-cwt) price increase from a […]
Three prominent steel analysts proposed their outlooks for next year in the Steel Price Forecast: Boom or Bust in 2024? panel at Steel Summit 2023 in Atlanta.