Category: Manufacturers/End Users

Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.

Construction spending in the US picked up in September and maintained a notable year-over-year (y/y) rise.

Metalformers in the US and Canada expect a decline in economic activity in the coming months, according to the recently released October Business Conditions Report from the Precision Metalforming Association (PMA). Approximately 37% of surveyed manufacturers anticipate weaker business conditions over the next three months. This rate is up from 31% in September but a […]

The theme of “unprecedented stability” in pricing predominated among galvanized steel buyers this month.

Heavy equipment manufacturer John Deere blamed soft demand and a reduction in orders for a spate of layoffs in Iowa this year, according to a local report.

Zekelman Industries has announced a joint venture with Maverick Pipe, expanding its offerings of US-made strut channel, PVC conduit, and PVC fence products.

North American auto assemblies fell by nearly 7% from August, but were still ahead of July’s 20-month low. Assemblies were also down just under 1% year on year (y/y), according to LMC Automotive data.

US light-vehicle (LV) sales fell to an unadjusted 1.17 million units in September, down 12.8% from a year ago, the US Bureau of Economic Analysis (BEA) reported. Despite the year-on-year (y/y) drop, domestic LV sales rose 3.3% month on month (m/m).

European automaker Stellantis’ CEO Carlos Tavares will step down at the conclusion of his CEO term in early 2026. The company announced other sweeping management changes, including a new North America CEO.

European automaker Stellantis is mulling a major management shakeup following the company’s recently lowered 2024 guidance. This comes amid a spate of layoffs in the last few months at Stellantis, which has significant operations in the US, and at General Motors.

General Motors is temporarily stopping production at a plant in Michigan and one in Texas due to supply-chain fallout from Hurricane Helene.

Netherlands-based automaker Stellantis has lowered its guidance for 2024 due to woes in the North American market and weakening worldwide industry dynamics.

The United Auto Workers (UAW) union has reached a tentative labor agreement with Ford, averting a potential strike at a truck plant in Dearborn, Mich.

Galvanized steel buyers on Tuesday discussed the eerie stability in sheet prices of late. Expectations are for the murky market to persist in the short term, while glimmers of hope continue for prices pushing higher.

Former President Donald Trump has said he will place a 200% tariff on John Deere products imported into the US if the company makes good on previously announced plans to move some production to Mexico.

The United Auto Workers (UAW) union has threatened to strike at Stellantis and at Ford’s Dearborn, Mich., truck plant.

General Motors and Hyundai Motor Co. announced they will be linking up to explore collaborating across a variety of areas, including their sourcing of steel.

Automaker Stellantis said it will invest more than $406 million in three Michigan facilities.

US light-vehicle (LV) sales improved to an unadjusted 1.42 million units in August, up 7.6% from a year ago, the US Bureau of Economic Analysis (BEA) reported.

Commercial planning momentum continues to drive the Dodge Momentum Index (DMI) higher, pushing August up to a 21-month high.

SMU Steel Summit 2024 speakers weighed in on an array of topics surrounding the electric vehicle movement, including advancements in technology and infrastructure, consumer adaptation, and regulatory challenges

The United Autoworkers (UAW) union said that several locals are preparing to file grievances against Stellantis, which could lead to a national strike against the automaker.

North American auto assemblies slumped by more than 14% from June, falling to a 20-month low in July. Assemblies were also down 1.5% year on year (y/y), according to LMC Automotive data.

US light-vehicle (LV) sales slipped to an unadjusted 1.273 million units in July, down 2% vs. a year-ago, the US Bureau of Economic Analysis (BEA) reported. The year-on-year (y/y) decline in domestic LV sales came despite a 4.2% month-on-month (m/m) rise.

Shipments of heating and cooling equipment moved higher in June, according to the latest data released from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). June shipments increased 10% month on month (m/m) to 2.16 million units. This was a 7% boost over the same month last year. June represents the best monthly shipment rate year-to-date, […]

The latest figures show a 17% surge over year-ago levels and the best mark since December 2022.

Construction spending in the US in June was slightly lower, declining for the second straight month. Despite the decline it increased notably year on year (y/y).

US light-vehicle (LV) sales fell to an unadjusted 1.32 million units in June, down 3.4% vs. year-ago levels, the US Bureau of Economic Analysis (BEA) reported. The year-on-year (y/y) dip in domestic LV sales came in with a 4% month-on-month (m/m) decline.

North American auto assemblies ticked down by nearly 6% in June after reaching a nine-month high in May, according to LMC Automotive data. Assemblies were also down 1.4% year on year (y/y).

Stellantis announced temporary layoffs at its Warren Truck Assembly Plant in Michigan and its Toledo South Assembly Complex in Ohio. The Netherlands-based automaker is adjusting the operating schedule at the plants to better align production with sales, a spokesperson told SMU in an email.