Steel Products

UAW President To Announce New Strike Plans on Friday Morning
Written by Becca Moczygemba
September 28, 2023
United Auto Workers (UAW) union president Shawn Fain is scheduled to make an announcement on Facebook Live, according to the UAW International Union’s Facebook page.
The live stream is set for Friday, Sept. 29 at 10 a.m. ET (9 a.m. CT). There’s a possibility that Fain could announce another expansion of the strike against the “Big Three” automakers – Ford, General Motors, and Stellantis – the owner of Chrysler.
A spokesperson for the UAW did not respond to a request for more detail on what Fain might say.
An announcement expanding the strike against General Motors and Stellantis parts distribution centers was made on a Sept. 22 via Facebook Live. The UAW spared Ford at the time because it said the automaker was “serious about reaching a deal,” Fain said.
The union began its strike against the “Big Three” automakers on Sept. 15, hitting one assembly plant at each of the “Big Three.”

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Products

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.

April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]