Manufacturers/End Users
October 3, 2023
Written by Ethan Bernard
Ford Motor Co. announced layoffs in Ohio and Illinois on Monday, citing the ongoing United Auto Workers (UAW) strike.
The Dearborn, Mich.-based automaker asked ~330 workers not to report work starting Sept. 30 at its Chicago Stamping Plant in Illinois and on Oct. 2 at its Lima Engine Plant in Ohio.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.
Metalformers’ optimism softened in the Precision Metalforming Association (PMA) September Business Conditions Report.
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.