Category: Manufacturers/End Users

GM looks to invest $4 billion in its US operations.

New light vehicle sales slumped in May to 15.6 million as the buying rush faded from consumers signing ahead tariff increases.

The budget proposal has big implications for steel and manufacturing.

CRU Group revised down its forecast for North American auto production by about 800,000 to 14.7 million this year.

Ford Motor Co. started a planned outage early at its Chicago assembly plant due to a supply chain issue.

The recently announced US tariffs on vehicles and key components from all markets are expected to significantly disrupt global production.

Mercedes-Benz is planning to move production of a “core segment vehicle” to Tuscaloosa, Ala., by 2027.

It's just the latest change for US trade policy

After a hard drop in December — the worst since July 2021 — assembly numbers have climbed three months in a row. Sentiment remains tempered, though.

The company cited uncertainty about freight rates and demand, regulatory changes and the impact of tariffs.

Canada imposes auto tariffs, while automaker Stellantis temporarily idles some plants.

Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).

Upon the request of US chassis manufacturers, the Commerce Department this week initiated investigations into the alleged dumping and subsidization of chassis imported from Mexico, Thailand, and Vietnam.

President Donald Trump on Wednesday signed a proclamation that will impose a 25% tariff on most imported passenger vehicles.

South Korea’s Hyundai has formally announced a nearly $6-billion investment to build a steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.

Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.

Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]

North American auto assemblies recovered in January, surging 33.4% above December and rebounding from a three-year low. However, according to LMC Automotive data, assemblies were still 0.1% lower year on year (y/y). After slumping in December to the lowest total since July 2021, January’s assemblies returned to typical seasonal levels. Sentiment remains tempered as carmakers […]

US light-vehicle (LV) sales slowed to an unadjusted 1.11 million units in January, a sharp cut of over 25% from December but still 3.8% above year-ago totals, according to US Bureau of Economic Analysis data. On an annualized basis, LV sales were 15.6 million units in January, down from 16.9 million units the month prior […]

One buyer summed up the prevailing sentiment: “Everything is pointing up — pricing, sentiment, order activity. But the real test will come once the immediate reactionary buying subsides. Will there be enough true demand to support these levels through mid-year? That’s the big unknown.”

ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]

North American auto assemblies dropped in December, a sharp 22.6% fall below November, reaching the lowest mark in over three years. Assemblies were also down 5.7% year on year (y/y), according to LMC Automotive data. December’s assemblies reached the lowest total since July 2021. Sentiment remains tempered as carmakers continue to downgrade and adjust vehicle […]

US light-vehicle (LV) sales jumped to an unadjusted 1.49 million units in December, a rise of 9.6% from November and 2% from a year ago, according to data from the US Bureau of Economic Analysis. On an annualized basis, LV sales were 16.8 million units in December, up from 15.6 million units the month prior […]

All steel, iron, and manufactured products used in federally funded highway projects must soon be made in America. The Department of Transportation announced all waivers to the Buy America requirements for federal infrastructure projects will soon be terminated. Effective March 17, the DOT’s Federal Highway Administration will implement a final rule that will end its […]

Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.

AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.

The announcement comes a little more than a year after Borusan acquired Panama City, Fla.-based Berg Pipe for $162 million.

The November ABI decreased month over month but was still the third-highest reading of the past two years.

The American Iron and Steel Institute (AISI) lauded the recent passage of a water resources bill in Congress.

Most expect activity to hold steady or increase over the next three months.