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    USW Local and Metallus agree to tentative 4-year contract 

    Written by Kristen DiLandro


    The United Steelworkers (USW) Local 1123 union and Metallus have reached a new tentative agreement for a four-year contract.  

    In October, members of the union voted not to accept a proposed four-year contract with the Canton, Ohio-based steel manufacturer. The downvote extended the existing labor contract through Jan. 26 with operations at Metallus continuing without disruption.  

    Kristen DiLandro

    Read more from Kristen DiLandro

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.