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    Analysis

    CRU Aluminum: Relief Comes With Word of Pending UAW Deal

    Written by Stephen Williamson


    With the aluminum industry assembled in Nashville, Tenn., for the Aluminum USA 2023 conference, word was breaking of a tentative deal between the United Auto Workers (UAW) and Ford. The tentative pact reached on Oct. 25 is the first sign of any new deal between the Detroit-are “Big Three” auto OEMs and the UAW in the six-week-old “stand-up strike.” Aluminum rolling mill executives reported that through October, auto OEMs continued to take in supply program orders and had not, as yet, slowed the inbound orders of aluminum sheet.

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    Price on Trade: Milwaukee Framework is a step forward on steel excess capacity

    Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.