Mills
July 21, 2026
Written by Kristen DiLandro
The United Steelworkers (USW) union cautioned its members from reading too deeply into negotiation updates provided through U.S. Steel’s corporate website on Monday.
Master contract negotiations began with U.S. Steel and Cleveland-Cliffs on July 20. In a USW text message update sent to members on the same day, the union lamented U.S. Steel’s decision to offer “highlights” from the discussions.
The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The United Steelworkers (USW) union plans to extend its current labor contract with U.S. Steel and Cleveland-Cliffs by 48-hours on a rolling basis, the union told SMU on Monday.
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.