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    Analysis

    GM, Toyota, Ford, Honda Extend Supply-Chain Related Downtime

    Written by David Schollaert


    General Motors Co. will extend production downtime at its Orion Assembly through the end of the month, a company spokesperson confirmed to Steel Market Update.

    The automaker’s Lake Orion, Mich., assembly plant, down since Aug. 23 due to the semiconductor scarcity, will extend its downtime to include the weeks of Oct. 18 and Oct. 25. The latest stoppage is due to battery pack shortages related to the recently announced Bolt EV/EUV safety recall.

    David Schollaert

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    Price on Trade: Milwaukee Framework is a step forward on steel excess capacity

    Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.