This morning in metals news, the nationwide General Motors strike has entered its third week, Norsk Hydro is opening a new aluminum research lab and Thyssenkrupp announced a new CEO will take over Oct. 1. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. […]
Tag: General Motors
GM Strike Could be a Boon to Steel Buyers
Nothing entertains me more than receiving an oddball inbound phone call, email or, in this case, text message when something hits metals markets. A great inbound came in yesterday regarding the nationwide strike at General Motors, which could have an impact on steel prices. The question, “Do you think the GM strike will pull the […]
46,000 GM Autoworkers Begin Nationwide Strike
Thousands of General Motors workers have gone on strike, marking the first nationwide strike at GM since 2007. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! A four-year labor deal between GM and the United Automobile Workers (UAW) union expired over the weekend, with the parties […]
Automotive MMI: June Sales a Mixed Bag for Automakers
The Automotive Monthly Metals Index (MMI) picked up one point this month, rising for a reading of 87. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors reported Q2 deliveries of 746,659 vehicles, marking a 1.5% decline on a year-over-year basis. GM’s chief economist said U.S. light-vehicle […]
This Morning in Metals: U.S. Steel Announces Idling of Plants
This morning in metals news, U.S. Steel announced it would idle some of its facilities, China has lowered its tariff rates on countries other than the U.S. and General Motors recently announced a $150 million investment in its Flint Assembly plant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. […]
Automotive MMI: Toyota, Fiat Chrysler Sales Rise; Overall May U.S. Sales Fall
The Automotive Monthly Metals Index (MMI) dropped five points, down to a June MMI value of 86. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Sales Fiat Chrysler’s May sales increased 2% year over year, reaching 218,702 vehicles for the month. “On a year-over-year basis we have increased our […]
Automotive MMI: Auto Sales Continued to Trend Downward in April
The Automotive Monthly Metals Index (MMI) dropped two points this month, down to a reading of 91 for May. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors and Ford Motor Co. have turned to a quarterly sales reporting schedule, moving away from the traditional monthly reporting […]
Automotive MMI: Automakers Hope to Bounce Back Down First Quarter
The Automotive Monthly Metals Index (MMI) held flat this month, again coming in for an MMI value of 93. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales General Motors, which reports sales on a quarterly basis, reported it delivered 665,840 vehicles in the first quarter of 2019, “with […]
GM Announces $300M Investment Toward Production of New Chevrolet EV
General Motors last week announced it is planning to invest $300 million at a southeast Michigan assembly plant that will produce a new Chevrolet electric vehicle (EV). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “We are excited to bring these jobs and this investment to the U.S.,” GM Chairman […]
This Morning in Metals: China Imports Less Copper in February
This morning in metals news, China’s copper imports fell in February, U.S. Steel won an award sponsored by the Department of Energy and General Motors rolled out its last Chevy Cruze this week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Imports, Aluminum Exports Down in China China’s February […]
