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
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.