Steel Mills
Allied Tube & Conduit Strike Ended After One Week
Written by Sandy Williams
May 6, 2014
A week-long strike was ended Sunday when steelworkers and Allied Tube and Conduit reached an agreement on a new contract.
USW Local 9777, who have worked without a contract for the past year, accepted the new contract after Allied Tube and Conduit agreed to drop plans to freeze pensions, dictate which jobs employees work, and extend shifts to 10-12 hours. In return the workers will pay higher out-of-pocket health expenses and job descriptions will be reduced from 68 to 42 which will increase worker duties.
The four year contract includes a 2 percent raise and signing bonuses. Some of the 460 striking union members returned to work on Monday to prepare the mill for production and the rest will return on Tuesday.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs plans to idle three mills, cut 950 jobs on ‘insufficient demand and pricing’
Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.
CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.
USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.