The United Steelworkers (USW) said the latest collective bargaining labor proposal from United States Steel Corp. “falls very short” of what the union wants. The proposal is “unacceptable” and has been rejected by the USW bargaining committee, according to an Aug. 24 text sent to USW members. A US Steel spokeswoman told SMU that its […]
Cleveland-Cliffs Inc. aims to increase spot prices for carbon steel sheet by at least $75 per ton ($3.75 per cwt). The move is effectively immediately and applies to equally to all new orders of hot-rolled, cold-rolled and coated products in North America, the company said in a press release on Wednesday, Aug. 24. It comes […]
Canada’s Algoma Steel and the United Steelworkers (USW) Local 2251 announced they have reached a new, tentative five-year labor deal. The bargaining committee of Local 2251 is “unanimously recommending the offer,” encouraging membership to vote in favor of the fair agreement during the ratification vote scheduled for Aug. 25 and Aug. 29. The Local represents […]
Canadian flat-rolled steelmaker Stelco Inc. confirmed the renewed five-year collective bargaining agreements it reached with each of its United Steelworkers (USW) locals. Stelco’s workforce represented by USW Local 1005 (Hamilton Works), USW Local 8782 (Lake Erie Works), and USW 8782b (Lake Erie Works Pickle Lines), have all voted in favor of agreements that expire on […]
The House of Representatives on Friday approved the Inflation Reduction Act (IRA) on a party-line vote. This legislation, with only Democratic support, passed the Senate 51-50 last weekend. The bill now goes to President Joe Biden, who will sign it into law. This is by any measure a major piece of legislation. On the surface, […]
United Steelworkers (USW) union Local 8782 has ratified a new, five-year labor agreement with Canadian flat-rolled steelmaker Stelco. The move effectively concludes a summer of protracted contract negotiations between Hamilton, Ontario-based Stelco and the USW. Local 8782 reported that 67% of its members voted in favor of the contract in update to members on Friday, […]
The United Steelworkers (USW) union resumed face-to-face labor talks with Cleveland-Cliffs Inc. and United States Steel Corp. this week in Pittsburgh after a brief hiatus for the USW’s 2022 Constitutional Convention Aug. 8–11 in Las Vegas. Current labor agreements with the two flat-rolled steelmakers are due to expire on Sept. 1. Cleveland-Cliffs Update In an […]
Canadian flat-rolled steelmaker Stelco has reached a tentative agreement with one local union, and another has ratified a new, five-year labor contract with the company. The negotiating committee for United Steelworkers (USW) Local 8782 broke the news that it had agreed to tentative pact in an update to members on Wednesday, Aug. 17. USW Local […]
The US Department of Commerce recently recalculated the dumping margins for hot-rolled steel flat imports from Japan’s Nippon Steel. And while Nippon supports the remand results, it has also filed comments with the US Court of International Trade (CIT) regarding two additional complaints. On the remand order of the CIT, Commerce recalculated Nippon’s dumping rate […]
United Steelworkers (USW) Local 1005 is set to hold a ratification vote on a proposed labor contract with Stelco on Wednesday, Aug. 17. Details of the new contract were presented to union members on Monday, Aug. 15. USW members at the Canadian steelmaker’s mill in Hamilton, Ontario, had been in a legal position to strike […]
US Steel is going green. The Pittsburgh-based company has formed a non-exclusive alliance with Equinor US Holdings Inc. and Shell US Gas and Power LLC to establish a clean energy hub in the Ohio, Pennsylvania, and West Virginia tri-state area. Infrastructure projects associated with this development will generate new jobs, encourage economic growth, and contribute […]
North Star BlueScope is “substantially complete” with a $700 million expansion that will provide the Delta, Ohio, EAF sheet mill with additional annual capacity of nearly 950,000 short tons (850,000 metric tonnes). The mill produced the first coil from its expansion in June and has begun the 18-month process of ramping up the facility to […]
Stelco and United Steelworkers (USW) Local 1005 have at least temporarily avoided a labor disruption at the Canadian steelmaker’s mill in Hamilton, Ontario. The two parties are working toward an agreement on a new labor contract, details of which will be presented to union members on Monday, Aug. 15. “The strike deadline has been suspended. […]
Algoma Steel and United Steelworkers (USW) Local 2251 have once again narrowly averted a potential labor disruption. The Sault Ste. Marie, Ontario-based sheet and plate producer said Local 2251 had agreed to put the company’s “last offer” to union members for a vote. The union has scheduled ratification votes on the contract from Aug. 29-Aug. […]
The House of Representatives on Friday approved the Inflation Reduction Act (IRA) on a party-line vote. This legislation, with only Democratic support, passed the Senate 51-50 last weekend. The bill now goes to President Joe Biden, who will sign it into law. This is by any measure a major piece of legislation. On the surface, […]
Canadian steelmaker ArcelorMittal Dofasco aims to increase spot market base prices for steel sheet by at least $65 per ton CAD (~$50 per ton USD). The Hamilton, Ontario-based company said the price hike was effective immediately and applied equally to hot-rolled, cold-rolled and coated products. “We reserve the right to re-quote any previously quoted offer […]
Russel Metals disclosed a favorable end to the second quarter. The Mississauga, Ontario-based service center lauded steady demand for its results and noted a Moody’s upgrade from Ba2 to Ba1. Executives at the company discussed having a fantastic first half of 2022 and stated they are positioned very well in light of market circumstances. Russel […]
Chicago-based Evraz North America is encouraged by its Russian parent company’s decision to divest its North American assets. The steelmaker said the move would provide increased certainty for its North American operations and employees. Evraz plc’s announcement of a sale “strengthens our long-term stability and will allow us to continue to lead in the markets where we […]
Stelco Holdings Inc. reported stellar second quarter earnings but warned that the second half of the year won’t be nearly as bright. The Canadian flat-rolled steelmaker pinned the dreary outlook on falling steel prices, lackluster demand, and rising costs for natural gas, coal and alloys. “We are faced now with even stronger headwinds, including the […]
Russia’s Evraz plc has put its North American operations up for sale. Evraz North America (Evraz NA) operates two electric arc furnace facilities, four rolling mills, eight tube mills, and 17 scrap recycling facilities. It has annual steelmaking capacity of 2.3 million tons and a finished steel capacity of 3.5 million tons per year, including […]
A fire at one of Algoma Steel’s coal conveyors is not affecting iron and steelmaking operations at the company’s mill in Sault St. Marie, Ontario. But coke production will be reduced while the damage is repaired. The fire occurred on Aug. 7, 2022, on one of the conveyors that supplies coal to two of Algoma’s […]
Steelworkers at Stelco’s processing and finishing operations in Hamilton, Ontario, will be in a legal position to strike as of 12:01 am on Aug. 16, 2022. Leaders of the United Steelworkers Local 1005 said in the latest bargaining update that many issues remain unresolved with the Canadian steelmaker. “As the strike deadline rapidly approaches, we […]
While steel service centers remain cautiously optimistic on their demand outlooks for the remainder of the year, most agree that the environment for mergers and acquisitions remains quite strong. This is according to executives from Reliance Steel & Aluminum, Ryerson, and Olympic Steel—some of the industry’s top players—speaking on their recent and respective second quarter […]
Algoma’s plate mill is up and running following the first phase of a modernization project that was completed in June. The second phase of the expansion, initially expected to be finished by November 2022, has been moved to June 2023, a company spokeswoman told SMU on Tuesday, Aug. 9. The reason: “to support our customers […]
United Steelworkers Local 2251, the union representing Algoma Steel’s hourly employees, has declined to accept a revised labor offer presented by the Canadian flat-rolled steelmaker. The move comes ahead of a contract extension between Sault Ste. Marie, Ontario-based Algoma and Local 2251 expiring on Monday, Aug. 15 at 11:59 pm, both parties confirmed. The contract […]
The United Steelworkers (USW) local chapter representing Stelco’s steelmaking operations will be in a legal position to strike as of 12:01 a.m. on Sunday, Aug. 22. That’s according to a negotiation update sent to members of Local 8782, which represents the Canadian flat-rolled steelmaker’s Lake Erie Works in Nanticoke, Ontario. The union said it had […]
The US International Trade Commission (ITC) recently conducted hearings on the future of the Section 232 tariffs on steel and aluminum as well as on the Section 301 tariffs on imports from China. Congress mandated the ITC investigation in response to calls for the tariffs to be reduced or eliminated to fight inflation. Unlike the […]
At the request of US pipe and tube producers, the US Department of Commerce has begun inquiries into the alleged circumvention of antidumping and countervailing duties (AD/CVD) on a variety of products from a host of Asian countries. The request came from Atlas Tube Inc., Bull Moose Tube Co., Maruichi American Corp., Nucor Tubular Products […]
Service center chain Olympic Steel posted record quarterly sales and the second-most-profitable quarter in the company’s history during the second quarter. Both net income and sales were 27% higher year-on-year at $37.6 million and $709 million, respectively. “The continued strength of our three business segments in the second quarter drove another record-breaking performance for Olympic […]
Pennsylvania steel distributor Mainline Metals has acquired Great South Metals, a service center located in Acworth, Ga. Mainline Metals seeks to sweeten its position as a leading nationwide provider of prime, secondary, and excess steel with the Peach State service center’s capabilities. Great South’s machinery includes a 60-inch Pro-Eco loop slitter, a 48-inch Turner loop […]