Steel Markets

Deere Reshoring Cotton Harvester Production Back from China
Written by Laura Miller
October 18, 2022
Investing further in its US operations, agricultural and heavy equipment manufacturer Deere & Co. is reshoring production of a certain cotton harvester model back from China.
The steel end user is expanding its operations in Thibodaux, La., with a $29.8 million investment, according to a news release from Louisiana Governor John Bel Edwards.
A new production line and upgraded equipment will be installed at the Thibodaux facility in Lafourche Parish to produce medium-chassis cotton harvesting equipment that is currently being manufactured in China. Production on the new line will begin within the next two years with full production expected to be reached by 2025.
The Thibodaux facility currently manufactures a variety of agricultural and construction products and is a design center for sugar harvesting and earthmoving scraper equipment. It currently employs 284 people, and the expansion project will add another 70 new direct jobs.
Deere & Co. is a 185-year-old manufacturing company headquartered in Moline, Ill., with more than 100 locations around the world.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Markets

USW cheers Evraz NA agreement with Atlas Holdings
The United Steelworkers (USW) labor union celebrated recent news of the signed agreement between Atlas Holdings and Evraz NA in which the Connecticut-based private equity company said it plans to acquire North America’s Evraz facilities.

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.

Hot-rolled coil buyers continue seeking certainty
Steel market participants contend that buyers will remain in “wait-and-see" mode until some market stability is restored.

Latin American steel advocates warn on cheap import flood
Subsidized Chinese steel imports and cheap steel products from Association of Southeast Asian Nations (ASEAN) entering Latin American (LATAM) are threatening the region's steel market.

CRU: Steel prices fall amid global demand weakness
The forceful headwinds bearing down on steel markets across the globe have created demand challenges and sent prices southward. The US, however, challenged the global trend.