Steel Markets

Ford Breaks Ground on EV Mega Complex in Tennessee
Written by Laura Miller
September 23, 2022
Ford Motor Co. has broken ground on a new, $5.6 billion auto production complex in Stanton, Tenn., where it plans to build all-new electric trucks and advanced batteries. The groundbreaking comes less than a year after the Dearborn, Mich.-based automaker and SK On, a Seoul-based battery technology company, announced the investment.
A mega campus of six square miles, the BlueOval City complex will be Ford’s largest and most-advanced auto manufacturing facility once complete, the company said. It will help the automaker reach its goal of a global production run rate of 2 million electric vehicles by 2026.
“We are building the future right here in West Tennessee. This facility is the blueprint for Ford’s future manufacturing facilities and will enable Ford to help lead America’s shift to electric vehicles,” said Eric Grubb, Ford’s director of new footprint construction.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Markets
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
AISI: Raw steel production bounces back
Domestic mill production rebounded last week, according to the latest production figures released by the American Iron and Steel Institute (AISI). Production had been historically strong over the summer months before softening in early October.
US sets Section 232 tariffs on trucks and buses
Medium- and heavy-duty trucks (MHDV) and buses imported to the US will start being charged Section 232 tariffs beginning Nov. 1.
Hot-rolled sources say demand continues to dwindle, prices feel arbitrary
Genuine demand, they stated, will return when the market feels stable again.
FabArc Steel Supply completes projects in Mississippi, Georgia
FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.
