Steel Market Intelligence » global prices http://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 US Steel Reaches New Contract with USW; AMUSA Bringing Furnaces Back on Line http://www.michelleapplebaum.com/blog/?p=2091 http://www.michelleapplebaum.com/blog/?p=2091#comments Sun, 02 Sep 2012 21:18:20 +0000 http://www.michelleapplebaum.com/blog/?p=2091 The  United Steelworkers and US Steel have reached a tentative contract about an hour ago covering a 3-year period including all of the company’s steelworker operations with the exception of the Canadian business, which just reached a new labor contract earlier this year. 

While there is no official word on any progress from ArcelorMittal (AMUSA) we have heard that the company is bringing its blast furnaces back on – the furnaces were just taken down a few days ago. This development would indicate that the company at a minimum is confident that they and the USW can work without a contract, and may indicate that the company is close to a contract of their own. 

 

 

 

]]> http://www.michelleapplebaum.com/blog/?feed=rss2&p=2091 0 February Steel Distributor Inventories Up Modestly; Months’ Supply Healthy – First Look http://www.michelleapplebaum.com/blog/?p=739 http://www.michelleapplebaum.com/blog/?p=739#comments Mon, 19 Mar 2012 16:40:31 +0000 http://www.michelleapplebaum.com/blog/?p=739

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February MSCI shipments declined 2.0%, only nominally worse than the typical sideways move we see from January to February, while inventory tons rose 1.9% and months’ supply rose from 2.3 to 2.4 on the back of declining shipments and rising inventories.

In February, we saw weaker-than-seasonally normal shipments for flat-rolled and plate, partially offset by stronger-than-usual shipments of beams and bar.  Inventories for all steel products rose in February.

Our full report is available to subscribers and provides further thoughts on February distributor shipments and inventories by product as well as implications for steel equities.

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