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Top StoriesNucor-Yamato boosts beams $50/T for JuneMay 14 | ||||||||||||||||
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The United Steelworkers union has filed unfair labor practice charges against Latrobe Specialty Steel Co., Latrobe, Pa., but that action won’t prevent the two sides from meeting with a federal mediator Thursday in an attempt to end a two-week-old labor dispute.
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U.S. copper premiums have slipped to a range of 5.5 to 6 cents a pound, down from 6 to 6.5 cents in mid-April, as a lackluster economy continues to weigh on businesses.
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Foreign steelmakers are feeding even more of what were once American-owned cars, pickup trucks and appliances into their furnaces to make new steel products.
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Vehicle parts supplier ArvinMeritor Inc. plans to add a commodity surcharge to its products, effective June 1, in response to “extraordinary surges” in steel, energy and commodity costs.
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