Economy
Federal Mediator to Meet With USW and ATI
Written by Sandy Williams
September 2, 2015
The USW plans to meet with Allegheny Technologies Inc. and a federal mediator in Pittsburgh on Sept. 11 and 12. ATI locked out its 2200 steelworkers August 15 after contract talks broke down.
The USW claims the lockout was unlawful and has been ”pursuing all legal remedies that are available.”
The union in communication with the Federal Mediation and Conciliation Services (FMCS) since the beginning of negotiations.
According to a union update, the USW has received no straight answer on whether ATI has modified their “Last, Best and Final Offer.”
“We have decided to meet again with ATI in an attempt to reason with the company and encourage them to step back from the destructive path they have chosen and bargain a fair agreement with the union,” said the USW.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.
US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.
Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.
President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.
Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.