Steel Markets

GM, Toyota Ramp Up; Other Automakers Still Struggle with Chip Shortage
Written by Michael Cowden
June 18, 2021
Some automakers have ramped up production and shipments after securing enough microchips, but others continue to struggle with the global semiconductor shortage.
Stellantis (formerly Chrysler) will idle is assembly plants in Belvidere, Ill.; Windsor, Ontario; and Toluca, Mexico, for the rest of June “due to the unprecedented global microchip shortage,” a company spokeswoman said.
The downtime is not entirely the result of chip shortages. The Belvidere plant had been previously scheduled to be down the week of June 28, and the Windsor facility had been scheduled to be down the week of June 21.
The three plants were also down the weeks of June 7 and June 14.
“Stellantis continues to work closely with our suppliers to mitigate the manufacturing impacts caused by the various supply chain issues facing our industry,” the spokeswoman said.
Nissan, too, is cranking up production again – but not at all plants.
The Japanese automaker will run a regular production schedule (five days a week, eight hours a day) in July at its plant in Smyrna, Tenn., a company spokeswoman said. The Smyrna plant also ran a regular schedule in June.
But Nissan’s assembly plant in Canton, Miss., will remain on a reduced schedule next month (four days per week, eight hours per day) just as it was this month. And the second line at the Canton plant, which makes the Altima passenger car, is scheduled to be down the weeks of July 12 and July 19, the spokeswoman said. That line was also down the weeks of June 7, 14 and 21.
That’s a contrast from some larger automakers.
General Motors continues to ramp up production and shipments thanks to an increased supply of microchips.
And Toyota is still operating all of North American facilities.
“We have been ramping back up and running at all plants,” a company spokeswoman confirmed. Still, the Japanese automaker is still “facing challenges in this evolving situation,” she added.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Markets

Trading firms Mercuria and Tata International partner in joint venture
Geneva-based global commodities trader Mercuria is set to acquire a majority stake in Tata International, according to a report in India's Economic Times.
Glenfarne Alaska LNG and POSCO ink preliminary partnership
Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.

Steel export volumes remain weak through July
Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons. July was the sixth-lowest monthly export rate since the COVID-19 pandemic, and...

Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.