Sortera opens second scrap facility in Tennessee
The Lebanon facility will effectively double the company's total annual processing capacity to an estimated 240 million pounds.
The Lebanon facility will effectively double the company's total annual processing capacity to an estimated 240 million pounds.
The contract covers roughly 3,400 workers in Davenport, Iowa; Alcoa, Tenn.; Lafayette, Ind.; and Massena, N.Y.
Meanwhile, USW reached a tentative agreement with Arconic on a three-year master agreement covering workers at four facilities.
Demand totaled an estimated 26.65 billion pounds in 2025, a year marked by an ever-shifting tariff environment, the association said.
Before the second Trump administration, many automakers banked on an electrified future, with federal and state tax breaks incentivizing consumers.
“We will have coils coming off the mill within the next few weeks, well ahead of our previous guidance of end of June in the fourth quarter,” said Steve Fisher, president and CEO of the Atlanta-based company.
Global shipping volatility is tightening its grip on metal supply chains. And the risks are not easing; in fact, they’re escalating, according to Anton Posner, CEO of Mercury Resources.
The current contract expires on May 16.
Meanwhile, this week, President Trump is in Beijing for a crucial series of meetings with Chinese leader Xi Jinping. Discussions are expected to include trade, the Iran war, technology and agriculture.
US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).