Steel Products Prices North America

Labor Contract at Cliffs Looks Promising
Written by Sandy Williams
September 18, 2018
The United Steelworkers bargaining team presented Cleveland Cliffs with an economic proposal to address issues ranging from pay increases to the sustainability of Hibbing Taconite. The proposal is based on feedback from a survey of member concerns conducted earlier this year.
In an interview with reporters on Friday, CEO Lourenco Goncalves said ore from the Nashwauk area could be used as feedstock for Hibbing Taconite.
“Come hell or high water, Hibtac will be taken care of. There’s no drama there,” said Goncalves.
The CEO offered praise for workers at Cleveland Cliffs. “They are asking for a few things, and we feel they deserve them, and we are going to cut a deal,” he said.
The labor contract for USW members at Cleveland Cliffs expires on Oct. 1.

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

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.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.