Posts Tagged: ‘global prices’

US Steel Reaches New Contract with USW; AMUSA Bringing Furnaces Back on Line

September 2, 2012 Posted by Steel Market Intelligence

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. 

 

 

 

February Steel Distributor Inventories Up Modestly; Months’ Supply Healthy – First Look

March 19, 2012 Posted by Steel Market Intelligence

New Report Preview

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.

For a free trial subscription, please contact us.