Steel Products Prices North America
Cliffs Workers Agree to 30 Day Contract Extension
Written by Sandy Williams
October 1, 2015
United Steel Workers at Cliffs Natural Resources have agreed to extend their labor contract for 30 days beginning on Oct. 1, along with a rolling 168-hour extension if talks exceed 30 days.
The USW bargaining committee says it has made progress on some issues but “remain far apart on many others.”
The committee is returning home to meet with local unions to provide updates and get feedback from members.
The present contract expires Oct. 1 and covers workers at Hibbing Taconite, Tilden Mining, United Taconite and Empire Mining.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.