Market Segment
February 2, 2023
Written by Michael Cowden
Cleveland-Cliffs Inc. has rolled out another $50/ton ($2.50/cwt) sheet price increase just a couple of weeks after doing the same in mid-January.
The Cleveland-based steelmaker has also announced a target base price of $850 per ton for hot-rolled coil, up from the $800 per ton announced in mid-January.
U.S. Steel on Wednesday proposed a new, five-year labor contract to the United Steelworkers (USW) union – one that would run from Sept. 1, 2026, to Sept. 1, 2031.
Canadian Prime Minister Mark Carney has threatened legal action against Cleveland-Cliffs over the layoffs announced earlier this week at its Stelco mill in Hamilton, Ontario.
Steel trade groups applauded the US Trade Representative’s (USTR's) unveiling of "The Milwaukee Framework" to fight global excess steel capacity.
The Commerce Department has made its preliminary findings in the anti-dumping portion of the trade case investigating large-diameter graphite electrodes (LDGE) from China and India. The agency found that LDGEs from both countries are being, or are likely to be, sold in the US at less-than-fair-value.
The US Department of Commerce has determined that the anti-dumping duty (AD) suspension agreement on cut-to-length plate imports from Ukraine should not be sunset.