UAW, VW reach landmark tentative deal in Tennessee
The United Auto Workers (UAW) and Volkswagen have reached a tentative agreement covering 3,200 workers at the automaker's Chattanooga, Tenn., assembly plant.
Category: Downstream Products
GM Canada lays off ~500 workers at Ontario plant
General Motors Canada has laid off ~500 workers at its Oshawa Assembly facility in Ontario, as the plant moves to two shifts of production as of Monday, Feb. 2.
AMU: Canada's next steps on aluminum
There is no evidence that unofficial talks are taking place to secure tariff reductions on Canadian aluminum or steel. One of the biggest challenges is simply understanding what the US actually wants from Canada.
Rig count update: US activity eases, recovers in Canada
The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.
AHRI: Equipment shipments tumbled to nine-year low in November
Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
CRU: Will carmakers switch back from aluminum to steel?
Recent supply constraints, price increases, shifts in EV and emissions policy, and continued innovation in steel have revived the question of whether automakers might move some applications back from aluminum to steel.
Canadian PM releases measures to protect steel, including derivatives tariff
Canadian Prime Minister Mark Carney announced new measures on Wednesday to strengthen the country’s domestic steel industry, which include a tariff on some downstream steel-intensive goods.
AIA: Architecture business conditions remain soft, firms cautious for next year
Architecture firms reported a modest improvement in billings in October, though business conditions remained soft, according to the latest ABI report.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
CRU: Downstream tariffs will not change the stainless market, but domestic expansion will
US tariff expansion to stainless material in imported downstream products will not be enough on its own to incentivize capital investment
More appliances added to downstream S232 tariff list
The Trump administration has expanded the list of derivative steel products covered by the now 50% Section 232 tariff.
Downstream industries brace for tariffs
The Association of Equipment Manufacturers slammed the use of "broad and indiscriminate" penalties.
Section 232 tariffs are headed downstream
The Trump administration has revealed the list of derivative steel products being added to the Section 232 tariff list.