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Steel Producers

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  • HOUSTON, Feb 2- Royal Dutch Shell Plc negotiators met on Monday with the union representing workers at U.S. refineries as a strike stretches into a third day after talks on a new national contract broke down. "Representatives from Shell and the United Steelworkers union resumed communications on Monday in hopes of coming to a mutually satisfactory contract...

  • HOUSTON, Feb 2- Royal Dutch Shell Plc said late on Monday it resumed contact with the union representing workers at U.S. refineries as a strike stretched into a second day after talks on a new national contract broke down. But one of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it...

  • One of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it was already in the midst of planned maintenance work. "In the short term, the strikes are definitely driving prices up," said Phil Flynn of Price Futures Group in Chicago. Gasoline futures traded in New York rose more than $0.05...

  • OTTAWA, Feb 2- The premier of Canada's vast mineral-rich Arctic territory of Nunavut on Monday played down the idea of tax breaks to combat a slide in commodity prices, saying investors instead wanted more infrastructure. Peter Taptuna said in an interview that the slump had hurt the economy and that he was keeping an eye on the handful of major companies that are...

  • One of the affected plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it was already in the midst of planned maintenance work. "In the short term, the strikes are definitely driving prices up," said Phil Flynn of Price Futures Group in Chicago. Gasoline futures traded in New York rose more than $0.05...

  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants. One of the plants, Tesoro Corp's 166,000- barrel-per-day Martinez, California, refinery, was being shut because it was in the midst of planned maintenance work.

  • NEW YORK, Feb 2- The last time U.S. oil workers went on strike in support of a nationwide pact, Jimmy Carter was president and KC and the Sunshine Band flew high in the Billboard chart with "Please Don't Go." In 1980, the companies also relied upon retired workers and people from other plants to run the refineries where strikes occurred, recalled Bob Landry, a retired...

  • HOUSTON, Feb 2- Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants in an attempt to force oil companies to sign a new national contract covering laborers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted negotiations early on Sunday after the union rejected a...

  • SINGAPORE, Feb 2- Oil prices fell early on Monday after U.S. unions called a refinery strike and traders cashed in on strong price gains last week when the market soared more than 8 percent on a sharp drop in U.S. drilling. Brent crude oil futures were trading at $51.92 a barrel at 0100 GMT and U.S. WTI futures were at $47.17 a barrel, both down $1.07 a barrel.

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • HOUSTON, Jan 31- Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike. Royal Dutch Shell Plc, the lead negotiator for U.S. refinery owners, has said it does not comment on details of labor negotiations. "We remain committed to resolving our differences...

  • Union strikes at 9 US refineries amid contract war Sunday, 1 Feb 2015 | 12:04 AM ET
    Tesoro's oil refinery in Los Angeles

    Union leaders called strikes on Sunday at nine U.S. refineries in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants.

  • HOUSTON, Jan 31- Union negotiators rejected the latest offer from oil companies covering workers at 63 U.S. refineries on Saturday night, just hours before a strike deadline, according to a message sent to union members. This is the fourth contract proposal rejected by the USW since negotiations for a new three-year agreement began on Jan. 21.

  • HOUSTON, Jan 31- The United Steelworkers union issued notices of a possible strike to several U.S. refineries on Friday night as the current national contract was set to expire at 12:01 a.m. on Sunday, sources familiar with the notices said on Saturday. The Exxon Mobil refinery in Beaumont, Texas, received a strike notice on Friday, according to a press release...

  • MOSCOW, Jan 29- Russian steelmaker MMK said on Thursday its crude steel output in the fourth quarter totalled 3.07 million tonnes, down 9 percent quarter-on-quarter, mainly because of scheduled maintenance and seasonal factors.

  • This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015.. The problem with the forecast of $68 a tonne average for this year is the current spot price of the steel-making ingredient is already 7.8 percent lower, closing on Wednesday at a fresh six-year low...

  • *Citigroup says spot price could drop to $53 later in year. *China steel output seen slipping in 2015. SINGAPORE, Jan 28- A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed.

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments. Nucor also forecast its profit for the first quarter to be slightly higher than the $111 million, or 35 cents per share, it reported a year earlier. Net profit attributable to Nucor rose 23 percent...

  • Jan 27- AK Steel Holding Corp, the fourth-largest U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit, helped by strong demand from automakers. AK Steel makes flat-rolled carbon, stainless and electrical steels, and tubular products for car makers, industrial and construction companies and utilities.

  • Siemens chairman says to stay on until 2018 Tuesday, 27 Jan 2015 | 9:35 AM ET

    MUNICH, Jan 27- Gerhard Cromme, the powerful chairman of German industrial group Siemens, will stay on until the end of his contract in 2018, he told shareholders at Siemens' annual general meeting on Tuesday, a year after facing public calls to resign at the same event. Cromme, 71, has been on Siemens' supervisory board since 2003, during which time he has seen off...