Steel Products Prices North America

Cliffs Contract Talks Progressing Slowly
Written by Sandy Williams
September 29, 2015
As the Oct. 1 contract deadline approaches, labor negotiations at Cliffs Natural Resources are slowly progressing. The USW bargaining committee presented a proposal on Sept. 19 to the company which was discussed at meetings on Sept. 25.
“We are beginning to see some progress and top table talks will continue through the weekend,” said the USW in an update to members. “Meanwhile, each local has continued to meet with company HR representatives to negotiate local issues. So far there has been minimal progress on those issues.”
Hundreds of members and supporters of USW Locals 4950 and 4974 rallied on Sept 26 to demand a fair contract for workers at Cliffs.
“Remember, we are fighting the same fight that our brothers and sisters from ATI, U.S. Steel and ArcelorMittal are fighting,” said the USW, “for affordable health care for active workers and retirees, secure pensions, strong contract language and other important issues.”
SMU learned that a letter was sent out by Cliffs on September 18th explaining that a contingency plan is being prepared in case discussions break down. Although the company is optimistic that a new labor agreement can be reached, they are making the necessary provisions to continue to operate in the event of a work stoppage.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America

Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.

Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]

ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]

Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]

Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]