UAW voting is taking place on the tentative agreement between Fiat Chrysler and the union but early signs show workers are dissatisfied with the terms of the contract. The agreement must be ratified by a majority vote by 40,000 UAW members at 37 FCA sites. As of Friday, the majority of votes cast at UAW […]
US Steel is planning a full idle of the Keetac taconite plant in Keewatin, Minn. WARN notices have been issued to workers and the layoffs could commence on or after Oct. 11. Keetac was idled In May, laying off 412 workers, but about half of those were recalled last month for repair work. A spokesperson […]
AISI: WASHINGTON, D.C. – American Iron and Steel Institute (AISI) President and CEO Thomas J. Gibson today urged President Obama to “fight for manufacturing and for steel” during the U.S. visit of Chinese President Xi Jinping this week. Gibson said his group wholeheartedly supports the positions outlined in letters sent this week to the Administration […]
WASHINGTON, D.C., September 24, 2015 – The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), has launched a new website that focuses on using steel for building construction. The new site, located at www.buildusingsteel.org, provides information for engineers, architects, owners, building contractors, code officials and other construction […]
Worthington Industries reported net earnings of $31.4 million for first quarter 2016 ending August 31, 2015. Earnings were down from $44.2 million in Q1 2015 but up from Q4 FY 2015’s $28.9 million. Net sales declined 12 percent to $758.1 million, driven by lower volume in all business segments and lower average steel pricing. Gross […]
ArcelorMittal announced it will invest $11.1 million its premier tubular facility, ArcelorMittal Monterrey, in Monterrey, Mexico. Construction of an additional tube mill and installation of downstream value-add processing equipment will enable the facility to supply high quality straight and formed tubes used in the production of automotive seating and head rest applications. The updated facility […]
Contract negotiations are set to resume again at ArcelorMittal and U.S. Steel. The USW informed its membership on Wednesday that the negotiating committees will be heading back to Pittsburgh on Sunday, Sept. 27 with meetings scheduled for Monday, Sept. 28. “Although the parties remain far apart on key issues, we are committed to bargaining a […]
Allegheny Technology workers are in their sixth week of lockout by management with no word on when negotiations will resume. The USW is currently arguing with ATI over medical benefits for locked out salaried office and technical workers in Harrison. The union filed a lawsuit on August 28 charging that the “company breached the union […]
The Architecture Billings Index slipped below the neutral point in August indicating a decrease in construction design planning. The August ABI score registered 49.1, down from 54.7 in July. The new projects inquiry index dropped to 61.8, down from 63.7. The slip is “not a cause for concern” according to AIA Chief Economist Kermit Baker: […]
The Precision Metalforming Association reports that members are forecasting a slight downturn in business conditions in the next three months. The PMA Business Conditions report is a monthly economic indicator of manufacturing, sampling opinions of 127 U.S. and Canadian metalforming companies. Average daily shipping levels are expected to decrease slightly, said metalformers, while incoming orders […]
“Steel will win out,” said Larry Kavanagh, president of the Steel Market Development Institute (SMDI) when asked about the use of aluminum in the automotive industry. SMU talked with Kavanagh about Ford’s announcement that it will increase the use of aluminum in the F-150, and potentially other vehicles, using Alcoa’s Micromill technology. The new Micromill […]
The UAW has released the details of the proposed 4-year agreement with Fiat Chrysler. Employee reaction to the tentative agreement was mixed at local unions. There were tough questions and criticisms to respond to at the informational meetings held by the leaders of the bargaining committee. UAW Vice President Norwood Jewell, who was instrumental in […]
Steel Dynamics Inc. anticipates improved profitability in third quarter from modestly increased margins that were offset by slightly lower shipments. Earnings will be higher than second quarter which was impacted by the closing of the Minnesota Iron operations and a planned maintenance outage at Iron Dynamics. SDI expects overall average product pricing to be flat […]
Labor negotiations continue to pause at US Steel, ArcelorMittal and ATI. The USW bargaining committee has been holding meetings at US steel locations to review the union’s most recent proposal and the status of negotiations. “Though there has been no significant progress to report on bargaining [with US Steel] in recent days, talks will continue, […]
Details about the UAW tentative agreement with Fiat Chrysler are beginning to come out thanks to a report published Wednesday by the Detroit Free Press. According to their information and comments during the UAW/FCA press conference, the Tier gap will be narrowed and eventually go away. Tier 2 entry workers will start at $17 per […]
The Association of Steel Distributor held their regional meeting in Cleveland last Thursday at the Metropolitan on the 9. If you ever have a chance to be in Cleveland check out this hotel that is designed around the existing bank vaults built by the Carnegie Steel company. The meeting was held jointly with the Association […]
U.S. Steel Canada is seeking a court order that will allow it to continue the restructuring process beyond this year. Without the order, the company says it would have to cease operations at the end of 2015. “With a Court Order we can preserve work and meet obligations to approximately 2,200 employees and continue to […]
AK Steel expects shipments to increase by 3 percent in third quarter to approximately 1.86 million tons primarily on the strength of auto market shipments. In its third quarter guidance, the company said it anticipates an average selling price of $910 per ton, down 2 percent from Q2 due to lower carbon steel spot pricing […]
Freight rates for seaborne cargo continue to remain low said MID-SHIP in their Sept. 16 report. Trade has fallen due to weak global economies and the downturn in China, triggering lower commodity prices and freight rates. Oversupply of vessels eased over the summer as many were scrapped and new orders decreased. The respite was short […]
Mediation may be the solution to the controversial issues between US Steel and stakeholders at US Steel Canada. Former Ontario Superior Court associate chief justice Douglas Cunningham will preside over a three-day session scheduled to begin next week. “The mediation shall address the feasibility of a comprehensive agreement among the parties,” wrote Superior Court Justice […]
Nucor guidance for third quarter 2015 beat analyst estimates. Results are expected to be in the range of $0.45 to $0.50 per diluted share, up from $0.39 in second quarter but a decrease from 2014 Q3 earnings of $0.76 per diluted share. Nucor said margins have benefited from lower inventory costs in third quarter. The […]
Manufacturing indicators were mixed in the September Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Philadelphia. The Bank suggests that responses may have been influenced by “volatility in the stock market and international news reports.” The index for current manufacturing activity unexpectedly dropped from 8.3 in August to -6.0. It was the first […]
UAW President Dennis Williams and FCA US LLC CEO Sergio Marchionne held a news conference Tuesday evening at the UAW-Chrysler NTC Building in Detroit to announce that they have reached a tentative agreement. No details of the agreement were given but Williams and Marchionne alluded to doing away with the two-tier system over time and […]
The USW bargaining committee for US Steel is heading home according to a Sept. 14 update by the USW. Committee members will meet with local membership to discuss the status of ongoing negotiations with the US Steel. “While we have made some significant progress this summer on some important issues, we remain far apart on […]
Steel Dynamics announced expansion of its product offerings through the purchase of steel decking facilities from Consolidated Systems, Inc. The facilities and net working capital of approximately $30 million was purchased by SDI for $45 million and will become part of New Millennium Building Systems, LLC, a wholly owned fabrications operations subsidiary. Mark Millett, President […]
Over the weekend ArcelorMittal walked away from the negotiating table with the United Steelworkers. The question now becomes, if the two sides are committed to their positions – especially on health care coverage and worker contributions (there are currently none)—will there be a lockout? The union will not strike because they are being asked to […]
An investigation into dumping and subsidizing of hot rolled steel plate imports from India and Russia was been initiated by the Canadian International Trade Tribunal on Sept. 9. The investigation follows a preliminary determination of dumping and subsidization from the Director General of the Trade and Anti-dumping Programs Directorate at the Canada Border Services Agency […]
ArcelorMittal USA has walked away from the bargaining table following submission of a proposal by the USW that “meets our members’ needs and protects benefits.” The union called the move by management “disappointing but not surprising.” The negotiating committee is returning to the plants and has scheduled informational meetings Tuesday in Weirton at 3 p.m. […]
US steel pipe makers were surprised by a Sept. 2 US Court of International Trade decision calling for a reconsideration of profit calculations on imports of OCTG steel pipes from South Korea. South Korean producers complained that the duties set were too high and that proper procedures were not followed when determining duties. The Dept. […]
US Steel and the USW are continuing efforts to hammer out a deal at the bargaining table. In a Sept 10 update the USW said negotiations were progressing slowing with progress on some significant issues but with “unrealistic and unacceptable demands for concessions” on others. Unacceptable to the union is a two tier plan that […]