Steel Mills
USW, AK Tube Sign Three-Year Contract
Written by Tim Triplett
November 15, 2017
Members of the United Steel Workers Local 1915 have ratified a three-year labor agreement with AK Tube LLC, a subsidiary of AK Steel, covering about 100 hourly production employees at the company’s Walbridge, Ohio, facility. The new agreement is effective from Jan. 22, 2018, to Jan. 22, 2021.
“We are pleased to have reached an agreement at AK Tube ahead of the expiration date,” said Roger K. Newport, Chief Executive Officer of AK Steel. “The new agreement provides a competitive labor contract that advances the interests of our employees and the company.” AK Tube produces carbon and stainless tubular steel products for truck, automotive and other markets.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.