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    USS and USW convene ahead of formal contract negotiations 

    Written by Kristen DiLandro


    The United Steelworkers (USW) labor union and U.S. Steel plan to address their partnership and profit-sharing agreement during the week of May 11, according to a text message sent to USW members on Monday evening.  

    Union leaders said partnership meetings with the Pittsburgh-headquartered steel giant took place on Monday. During the union-only meeting on Tuesday, May 12, members discussed current issues and prepared for the meeting with USS leadership. The USW and USS leaders scheduled a meeting for Wednesday, May 13.  

    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.