Steel Mills
Essar Steel Algoma Labor Negotiations Extended
Written by Sandy Williams
March 31, 2016
Essar Steel Algoma and USW Local 2724 have agreed to extend bargaining discussions during the sales and solicitation process. A joint press release from Essar Steel Algoma and USW Local 2724 follows:
SAULT STE. MARIE, ONTARIO – Essar Steel Algoma Inc., the USW and its Local 2724 have agreed to extend bargaining discussions in light of their collective efforts to focus on a successful Sale and Investment Solicitation Process. In the interim, the company and salaried personnel will continue to work under the terms of the existing contract, which expires on March 31, 2016.
Final contract negotiations are expected to conclude as part of the overall restructuring of the company.
The collective agreement for Essar Steel Algoma hourly employees represented by USW Local 2251 remains in effect through to July 31, 2016.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.
Three independent, new directors join USS board
U.S. Steel (USS) appointed three new, independent US members to its board of directors, the company announced.
Nucor reports improved earnings, sales, and operating rates
Nucor reported a sharp sequential rebound in the second quarter, buoyed by improved pricing and strong shipments. But the steelmaker is bracing for a modest slowdown in the months ahead.
Cliffs confirms Cleveland furnace restart, Dearborn furnace idling
Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed. Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.
Nucor spot HR list price unchanged at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil flat this week, following a price cut the previous week.