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
Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]