Steel Markets
Cliffs Negotiations Take Break Until Late February
Written by Sandy Williams
February 4, 2016
Contract negotiations are continuing at Cliffs Natural Resources but still moving slowing according to an update to members by the USW.
Negotiators returned to the bargaining table last week and said progress had been made on health care issues for active and retired workers.
The negotiating teams will take a short break and return to the bargaining table in late February.
The USW urged workers to be patient, “We know that this is a difficult time for our industry, and we know that many members are growing restless with the slow pace of these negotiations. It is your solidarity that will make the difference in these negotiations. We ask you to continue to stand with us, keep in touch with your local officers and CAT coordinators, and keep working safely. We will keep everyone informed as talks continue.”
The recent ratification of a three-year contract with US Steel is hoped to spur successful negotiations at Cliffs and at ArcelorMittal.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
CRU: Sheet import demand softens as domestic price gains have slowed
US domestic sheet price gains have begun to slow as previously pulled-forward demand has led to a decline in orders.
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.
Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]