Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/6835ca7a30b8fd3e0c5afe09c212e739.jpg)
USW Meets with Cliffs Retirees Regarding Health Care Premiums
Written by Sandy Williams
December 10, 2015
The USW met with workers at Cliffs Natural Resources in Michigan’s Upper Peninsula to discuss warnings by the company of potential increases in health care premiums for retirees.
A letter sent to retired workers by Cliffs in November contained rate increases that the USW believes to be incorrectly calculated. The union has not been able to successfully address the changes with the company.
“As soon as we learned of the company’s letter, we scheduled a meeting with management in an effort to resolve this matter,” wrote USW District 2 Director Michael Bolton in a letter to retirees. “Unfortunately, the company continued to insist on moving forward with its planned premium increases and seemed determined to force the USW to go to arbitration over these rates.
“Unfortunately, Cliffs seems determined to force substantial cost increases onto the backs of its retirees rather than seeking a compromise that works for both sides,” said Bolton. “We understand that this is a difficult time for our industry, but causing harm to senior citizens who have worked hard their whole lives is not the answer to this crisis.”
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/sandy-williams.jpeg)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
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 […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
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.