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    USW ratifies 4-year labor agreement with Metallus

    Written by Kristen DiLandro


    The United Steelworkers (USW) Local 1123 has ratified a four-year labor contract with Metallus effective Feb. 5.

    The Canton, Ohio-based specialty metal supplier announced the latest union vote resulted in a ratified agreement. This vote marked the third contract proposal negotiated between USW members and the company. Members voted not to ratify previous contract proposals on Oct. 30 and Dec. 18, 2025. 

    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.