On Monday, Aug. 1, ArcelorMittal accepted the USW offer to continue to remain at the negotiation table under a “continue to work agreement.”
“We believe this “continue to work agreement” provides the fullest opportunity to resolve our differences and demonstrates both parties commitment to negotiating in good faith to achieve a mutually beneficial agreement and thereby avoid a work stoppage,” wrote ArcelorMittal USA in a statement.
According to the agreement, either party could issue a 48-hour notice for a strike or lockout if contract talks should break off. A deadline for a contract resolution has not been set.
Sandy WilliamsRead more from Sandy Williams
Latest in Steel Mills
Algoma Aims To Ramp Plate Production by Year End
Algoma Steel Inc. plans to ramp up production at its modernized plate mill toward the end of the year. Operations Update The Canadian sheet and plate producer said it in the meantime continues hot commissioning at the upgraded facility and has begun cold commissioning as well. The company said it has also run trials through […]
Nucor Maintains Plate Prices
Nucor Corp. will keep plate prices unchanged with the opening of its November order book.
Sheet Lead Times Mixed, Plate Plummets
While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.
Nucor to Partner With Fusion Company To Power US Mill
Nucor has announced a collaboration with fusion power company Helion to develop a 500-megawatt nuclear fusion power plant.
USW Taps McCall as New President After Conway’s Passing
The United Steelworkers International (USW) executive board on Tuesday appointed David McCall as the union’s new international president. He will fill the remainder of Tom Conway’s term.