Will a strike against Detroit’s Big 3 automakers impact Algoma Steel?

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Will a strike against Detroit’s Big 3 automakers impact Algoma Steel?
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The United Auto Workers are in a particularly militant mood as their contracts with Detroit’s Big 3 carmakers expire Sept. 14

About 30 per cent of Algoma Steel's products go to the automotive sector, but so far nobody's panicking about the high probability of a long, messy strike this year at Detroit's Big 3 automakers.

"We don't have any large customer sector where we're experiencing that," Garcia told investors during a conference call last week. "Year to date, the auto bill rates have been tracking as expected and are positive obviously there's a lot of potential uncertainty with the original equipment manufacturers.

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