16
Oct
17:32
USW, US Steel deal fails to surprise market
US Steel forging a tentative labour deal with the United Steelworkers (USW) is likely to be a non-event in the market at large, Kallanish understands.
“The only reaction I would expect would be from Wall Street,” says one tube buyer. “The new contract has to drain margins, but US Steel could not take a strike and the union knew that.”
A second energy tube buyer says both parties are likely to be lukewarm about the new contract, but he …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous