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Latest auto plant pauses, tentative restarts

May 19, 2020 | 01:14 PM | New York | Michael Roh

Tags  Covid-19, automotive, steel, aluminium, production suspensions, auto restarts

A roundup of production suspension schedules at automotive facilities in the United States.

Fastmarkets AMM has updated its table of various US auto facility suspensions and potential restart schedules.

Automakers began suspending production at their US operations in the second half of March due to the spread of the Covid-19 pandemic, and most have now restarted or announced restart dates. Notably, the Detroit-area “Big Three” automakers – General Motors Co, FCA US LLC and Ford Motor Co – began to restart most of their US plants the week of Monday May 18.

Impact on metals
Prices for auto-intensive metals have fallen significantly since automakers started shutting down.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $24.88 per hundredweight ($497.60 per short ton) on May 18, down by 8.1% from $27.08 per cwt on March 27.

Fastmarkets’ assessment of the aluminium P1020A premium, ddp Midwest US has fallen by 30% to 8-9.5 cents per lb from 11.5-13.5 cents per lb in the same comparison.

The table below shows the latest information available on May 19. Volkswagen of America restarted its sole US plant on May 17, while General Motors Co, FCA US LLC and Ford Motor Co restarted most of their US plants on May 18. The table includes revised estimated restart dates for the “Big Three” automakers’ remaining plants still in suspension. The table was previously updated on May 13.


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