Steel Markets

Chrysler Takes ~5 Weeks Downtime at Mexican Van Plant for Retooling
Written by Michael Cowden
January 11, 2022
Chrysler’s van assembly plant in Saltillo, Mexico, will take downtime through Thursday, Feb. 10, for retooling, a company spokeswoman said.
The Saltillo plant makes the Ram ProMaster van and has, like four other Chrysler plants in North America, been down since Monday, Jan. 3.
Assembly plants in Belvidere, Ill.; Brampton, Ontario; Windsor, Ontario; and Toluca, Mexico, are also down. The result: five of Chrysler’s 12 assembly plants in North America are not producing at present.
While the Saltillo plant is down for retooling, the other four plants are taking downtime to “to align production with global sales,” the spokeswoman said.
She declined to clarify when Steel Market Update asked whether that phrase might be a euphemism for weaker-than-forecast demand. But, she added, “The downtime is not related to supply chain issues.”
Chrysler, a subsidiary of European automaker Stellantis, is not the only major automaker producing fewer vehicles this month.
Toyota, as SMU reported last month, continues to expect that it will produce 40,000-50,000 fewer vehicles than initially expected in January because of supply chain challenges.
A rough rule of thumb is that each vehicle contains approximately one ton of steel.
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.