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    CRU: Longshoremen’s Strike in 2022—Further Risk to a Fragile Supply Chain

    Written by Greg Wittbecker


    By Greg Wittbecker, Advisor, CRU Analysis

    Over the past few months, we have seen a number of short-term strike actions around North America: a Montreal four-day strike in May and the  Charleston International Longshoremen Association (ILA) filing strike notices at the same time. While both industrial actions have not resulted in extended work stoppages, they are a reminder that the labor situation is still tense.

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.