News Formal

Steel industry dented by UAW strike against Detroit's Big Three

  • 📰 AllSidesNow
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The U.S. steel industry is feeling the sting from the United Auto Workers' strike against Detroit's Big Three automakers. Demand for steel has been...

The U.S. steel industry is feeling the sting from the United Auto Workers' strike against Detroit's Big Three automakers.

Demand for steel has been falling for months in anticipation of the strike that is now in its third week, sending prices tumbling. The Wall Street Journal reported the price for coiled sheet steel has plummeted 40% since April, and companies are pulling back on production. The United States Steel Corp. temporarily shut down a furnace at its Granite City, Illinois, plant last month due to the strike, laying off more...

Wall Street analysts expect the S&P 500 to rise 19% over the next 12 months. Here are their 10 favorite stocks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 572. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steel industry dented by UAW strike against Detroit's Big ThreeSteel prices are suffering and demand is tumbling, worsened by the shutdown of auto plants owned by Ford, General Motors and Stellantis due to strike by the United Auto Workers union.
Source: FoxBusiness - 🏆 458. / 53 Read more »