Auto Plants Reopening Is a Shining Moment for Steel
After several long months, the time for manufacturing to get back underway is finally here. Auto manufacturing plants will officially begin reopening in the coming weeks — good news for the auto and steel industries alike.
Steel workers are getting back to work
Steel mills across the nation have been hit hard by the closure of auto manufacturing plants. As auto manufacturing across the Midwest begins again, steel workers in the heart of our country are seeing some much-needed relief. Read more about auto plants reopening here.
Steel production is ramping back up
As automakers begin ramping production back up, U.S. steelmakers will be increasing production week-by-week to meet their needs. Domestic raw steel production was up to 1,206,000 net tons for the week ending May 30, a 1.3% increase from the week before. Get the latest numbers here.
Railroads will also get a boost
The railroad industry is optimistic that increasing auto and steel production will mean an increase in the need for steel transportation. After weeks and weeks of declining carloads, rail companies are hopeful for improvement. Learn more here.
The reopening of auto manufacturing plants is welcome news for many, especially in the domestic steel industry. With auto and steel production resuming, things are looking brighter than ever for our industry and the U.S. economy at large.