Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/508050bc5eac3b807d5fa8da13caf391.jpg)
Mesabi Metallics Owner Tells Iron Range, 'We Are Not the Enemy'
Written by Sandy Williams
February 20, 2018
Tom Clarke is trying to make friends on the Iron Range. Clarke, owner of iron ore facilities Magnetation and Mesabi Metallics, sent letters to all the United Steelworker locals in the Iron Range pledging to unionize Mesabi Metallics and not to displace any other iron ore operations with his own.
The Duluth News Tribune reports that the letters went to presidents of all the local unions including the operations owned by Cleveland Cliffs.
“I pledge to work side-by-side with the USW, Iron Range politicians and Cliffs in supporting all mining activities in Minnesota and Michigan,” Clarke wrote in a letter following a Feb. 8 meeting with union officials.
A feud between Clarke and Cliffs CEO Lourenco Goncalves has been ongoing since Clarke began his iron ore acquisitions in the Nashwauk region. Goncalves wants Nashwauk ore to provide future feedstock for its Hibbing Taconite plant. Clarke says there is room for both companies in the area.
A $3.7 billion taconite and iron project at Mesabi Metallics will use half of its taconite pellets to make pig iron at the facility and ship the other half to Mexico and Asia. Clarke said he will not be a direct competitor to Cleveland Cliffs.
“As promised in our meeting, we are prepared to work closely with all parties to ensure Hibbing Taconite has the ore resources necessary to operate well into the future,” Clarke wrote the union leaders Monday. “It’s unacceptable for Cliffs and my companies to be feuding with each other when our common enemy is the unfair intrusion of foreign steel imports.”
Clarke said he has reached out with a conciliatory phone message to Goncalves, but has not yet heard from him.
“I’m trying to do what’s best for the Iron Range, for sustainable mining in Minnesota. We want to not only start up our operations and employ people but we want Hibbing Taconite to keep operating, and all the Minnesota plants to keep operating,” Clarke said. “We aren’t the enemy here. The enemy is China and Russia and Brazil and Ukraine and all the countries flooding our nation with pig iron that we could be making on the Iron Range.”
As an apparent show of good faith, Clarke said he bought 110,000 shares of Cleveland Cliffs saying that he “obviously wants them to succeed.”
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]