Analysis
May 18, 2023
Written by Laura Miller
United Auto Workers (UAW) members at a Constellium plant in Michigan are on strike after failing to reach a labor agreement with the aluminum products producer.
160 members of UAW Local 174 at Constellium’s automotive structures plant in Van Buren, Mich., opted to strike as of May 17 “after weeks of the company refusing to bargain in good faith,” the UAW said.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The overall mill negotiation rate ticked up slightly this week, but the overwhelming majority of buyers are still finding mills inflexible on price, according to our latest survey data.
The October market for domestic ferrous scrap is viewed with optimism mainly by participants on the selling side