Steel Products Prices North America

Keystone XL Delayed By More Court Battles
Written by Sandy Williams
January 15, 2018
The Keystone XL pipeline faces another potential delay in its effort to finish construction through the U.S. Midwest. Nebraska landowners filed an appeal to the Nebraska Court of Appeals to contest the approval of the pipeline’s route through their state.
Landowners say the Nebraska Public Service Commission had no right to approve an alternative pipeline route instead of ruling on TransCanada’s preferred route. The environmental impact of the alternative route was never fully explored, they claim. Landowners are also concerned about losing property to eminent domain.
A fight over legal fees is also brewing in the Nebraska Supreme Court. Attorneys for Nebraska landowners have filed a lawsuit seeking compensation from TransCanada for legal fees and court costs incurred while fighting the company’s Keystone XL project and its eminent domain threats.
According to landowner attorney Dave Domina, his clients are owed $350,000 in legal fees for the 40-plus cases brought against the company.
“TransCanada doesn’t want the landowners to have money for ammunition,” said Domina, “We decided what we thought was a reasonable amount, we took that up with our landowners and they agreed.”
Attorney for TransCanada Jim Powers says the fee agreement was never offered and wants to see the evidence of a contract from the landowners’ attorney.
The appeal against the approved route and the legal fee battle are expected to delay the project by months.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America

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.

SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.