Final Thoughts
October 23, 2015
Final Thoughts
Written by John Packard
The difference between auto industry and steel industry: the UAW has issue a notice to GM that they could walk out at midnight tonight (Sunday) if they don’t have a contract. The USW is content to work under the old contract for as long as they can get away with it since both US Steel and ArcelorMittal are trying to gain concessions. Automotive companies know now is not the time to shut down profitable businesses. Steel mills haven’t quite figured out what they need to do to survive until the next up pricing cycle. The USW and US Steel go back to the negotiation table this week.
We are asked quite often what the difference is between our Executive or regular newsletter and website access versus that of our Premium level members. We produced a number of Premium supplemental issues last week covering such topics as: Global Steel Production & Capacity Utilization for September, US Vehicle Sales & NAFTA Vehicle Production for September, a special analysis of Service Center Intake, Shipments & Inventory for September (including long products & plate), Industrial Production & Capacity Utilization where our analysis showed a slowing manufacturing sector (although growth is still positive).
