Contract negotiations between the United Steelworkers and U.S. Steel Corp. began this week in Pittsburgh, Pa. The current-three year contract is set to expire on Sept. 1.
“We told USS we expect a fair agreement that rewards our sacrifice,” the union texted its members.
The steel market has dramatically improved from the bargaining environment in 2015 when U.S. Steel was posting billion-dollar losses and idling facilities.
U.S. Steel restarted the B furnace at its Granite City Works in March, bringing back 500 new and former employees. Furnace A will be operational in the beginning of October, adding another 300 new workers. First-quarter 2018 results saw improvement in all three of its reporting segments and reported net earnings of $18 million and sales of $3.1 billion.
With current steel demand strong and hot- and cold-rolled pricing averaging around $1,000 per ton, steelworkers are looking for an increase in wages this year and little to no concessions to benefits.
“As with previous contract negotiations, we hope to come to a mutually agreeable conclusion,” U.S. Steel spokeswoman Meghan Cox told the NWI Times.
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