Steel Products Prices North America
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.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
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 […]