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
Nucor pauses month-long slide in weekly HR price
Nucor halted a four-week decline in its spot price for hot-rolled coil this week, maintaining its weekly consumer spot price (CSP) at $870/st.
Nucor lowers HRC by $10/ton in fourth straight cut
Nucor has lowered its consumer spot price (CSP) for hot-rolled coil by $10 per short ton (st), marking the fourth consecutive weekly decrease.
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]