Steel Products Prices North America
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USW Supports Trade Case Filing
Written by Sandy Williams
June 3, 2015
The United Steel Workers said Wednesday that the union fully supports the antidumping and countervailing petition filed on corrosion-resistant steel products. The petition, said the USW in a press release, details ”how a flood of subsidized and unfairly traded steel imports from China, India, Italy, South Korea and Taiwan has damaged the US steel industry by undercutting price domestic prices over the past three years.”
USW International President Leo Gerard, called on the Department of Commerce and USITC to act “swiftly and decisively” in defense of American workers.
“By any metric, USW members are the most productive and efficient steelmaking workforce on the planet,” said Gerard. “We cannot allow these family supporting, community sustaining jobs to disappear because our competitors continue unfairly dumping their subsidized products on our shores.”
USW International Vice President and Basic Steel Industry Conference Secretary Tom Conway said a “major overhaul” of U.S. trade policy and enforcement is needed.
“For decades, American workers have paid the price of failed trade policies and inconsistent enforcement of flawed trade agreements,” said Conway. “Congress and the administration need to take responsibility for changing the system that has cost more than a million manufacturing jobs and shuttered thousands of factories, mainly in industries that employ USW members.”
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Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
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Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
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Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
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CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
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Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
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Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.