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News

Steel Market Update
steelmarketupdate.com > 09/01/2026 > steel-summit-cox-sees-us-auto-demand-steady-as-she-goes

Steel Summit: Cox sees US auto demand ‘steady as she goes’

3+ hour, 50+ min ago   (525+ words) Written by Laura Miller Vehicle affordability pressures are limiting growth in vehicle volumes, according to Mark Strand, deputy chief economist at Cox Automotive. SUVs, fleet activity, and aftermarket work could support steel demand, he told the audience last week at…...

Steel Market Update
steelmarketupdate.com > 08/13/2026 > ford-plans-to-reshore-production-of-lincoln

Ford plans to reshore production of Lincoln

2+ week, 5+ day ago   (308+ words) Written by Laura Miller Ford Motor Co. announced it will reshore production of Lincoln-brand vehicles as part of its commitment to American manufacturing. The Dearborn, Mich.-based automaker said it will phase out the importation of vehicles from China for…...

Steel Market Update
steelmarketupdate.com > 08/07/2026 > amu-daimler-closure-international-sale-reshape-truck-manufacturing

AMU: Daimler closure, International sale reshape truck manufacturing

3+ week, 4+ day ago   (727+ words) Written by Nicholas Bell Daimler Truck North America plans to close its Portland, Ore., commercial truck manufacturing operations, while International Motors has agreed to sell its Springfield, Ohio, assembly facilities to Roshel. The announcements affect two established US commercial vehicle…...

Steel Market Update
steelmarketupdate.com > 07/09/2026 > amu-toyota-to-shift-tacoma-production-back-to-texas-as-usmca-review-continues

AMU: Toyota to shift Tacoma production back to Texas as USMCA review continues

1+ mon, 3+ week ago   (783+ words) Written by Nicholas Bell Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus. Its plan includes returning some Tacoma production to Texas. The company’s decision to realign North American production resulted in moving production…...

Steel Market Update
steelmarketupdate.com > 05/28/2026 > american-axle-workers-prepare-for-potential-strike-on-sunday

American Axle Workers prepare for potential strike on Sunday

3+ mon, 4+ day ago   (421+ words) Written by Kristen DiLandro Members of the United Autoworkers (UAW) local 2093 working at American Axle (Dauch Corp.), a supplier for General Motors, could walk out of the Three Rivers, Mich., facility at midnight on Sunday, May 31. According to the union’s…...

Steel Market Update
steelmarketupdate.com > 05/22/2026 > amu-automakers-step-back-from-evs-in-favor-of-hybrids-gas-powered-vehicles

AMU: Automakers step back from EVs in favor of hybrids, gas-powered vehicles

3+ mon, 1+ week ago   (536+ words) Written by Stephanie Ritenbaugh Honda is restructuring its automobile business, discontinuing the launch of three electric vehicle models in North America, and focusing on hybrid models as EV demand has not met forecasts. Toshihiro Mibe, Honda’s president and CEO, said…...

Steel Market Update
steelmarketupdate.com > 05/21/2026 > gm-to-add-new-assembly-operations-at-mexico-plant

GM to add new assembly operations at Mexico plant

3+ mon, 1+ week ago   (387+ words) Written by Laura Miller General Motors will launch a new vehicle-assembly project at its Ramos Arizpe Complex as part of the automaker’s previously announced $1 billion investment to strengthen its operations in Mexico. The project, described by GM as “conceived in…...

Steel Market Update
steelmarketupdate.com > 05/18/2026 > nucor-plate-group-keeps-fuel-surcharge-at-10-ton-for-june

Nucor Plate Group keeps fuel surcharge at $10/ton for June

3+ mon, 2+ week ago   (460+ words) Written by Ethan Bernard Nucor Plate Group will maintain its previously announced fuel surcharge of $10 per short ton (st) for next month, effective on all shipments beginning June 1. The Charlotte, N.C.-based steelmaker first said the fuel surcharge was necessary in…...

Steel Market Update
steelmarketupdate.com > 05/12/2026 > american-axle-workers-at-three-rivers-plant-ok-potential-strike

American Axle workers at Three Rivers plant OK potential strike

3+ mon, 2+ week ago   (294+ words) Written by Ethan Bernard American Axle (Dauch Corp.) workers in Three Rivers, Mich., have voted to authorize a strike. United Auto Workers (UAW) union membership at the Detroit-based auto parts supplier has voted 98% to OK the strike if the company…...

Steel Market Update
steelmarketupdate.com > 03/25/2026 > n-american-auto-assemblies-rose-in-february

N. American auto assemblies rose in February

5+ mon, 1+ week ago   (935+ words) Written by David Schollaert North American auto assemblies gained ground in February, rising more than 8% vs. January, but still down more than 4% year on year (y/y), according to GlobalData. After repeated seasonal declines to close out 2025, assembly numbers rallied through…...