Steel Markets

UAW Set to Expand Strike on Friday if New Deal Not Reached
Written by Ethan Bernard
September 19, 2023
United Auto Workers (UAW) union president Shawn Fain has announced a new deadline: Friday, Sept. 22, at noon, after which point the union could expand its strike.
“If Ford, General Motors, or Stellantis have not made substantial progress toward a fair agreement, the UAW will call on more members to join the ‘Stand Up Strike,’” the union said in statement on Monday. The statement references a video made by Fain and posted on several of the union’s social media sites.
The UAW launched a strike on Sept. 15 against all three Detroit-area automakers when a labor agreement was not reached. The union is targeting specific plants across all three companies. That’s a departure from the standard practice of targeting all the plants at one automaker.
So far, the union has aimed the strike at GM’s Wentzville Assembly Plant in Missouri; the Stellantis Toledo Assembly Complex in Ohio; and Ford’s Michigan Assembly Plant in Wayne, Mich. (but only the final assembly and paint shops there).
“We’ve been available 24/7 to bargain a deal that recognizes our members’ sacrifices and contributions to these record profits. Still, the ‘Big Three’ failed to get down to business,” Fain said in the video.
“If we don’t make serious progress by noon on Friday, Sept. 22, more locals will be called on to stand up and join the strike,” Fain added.
The union resumed talks with the automakers on Saturday, according to a report in the New York Times.
When contacted by SMU, spokespersons for GM, Ford, and Stellantis pointed to statements referencing that the automakers continue to bargain in good faith and seek an agreement.

Ethan Bernard
Read more from Ethan BernardLatest 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.