Manufacturers/End Users
October 11, 2023
Written by Michael Cowden
The United Auto Workers (UAW) unexpectedly expanded its strike against Ford on Wednesday evening when 8,700 union members walked out of the automaker’s Kentucky Truck Plant.
The move represented a severe escalation of a strike that began on Sept. 15 and is now in its fourth week.
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.