Steel Mills

USW and U.S. Steel Reach Tentative Agreement
Written by Sandy Williams
October 16, 2018
United Steelworkers at U.S. Steel have reached a tentative agreement on a four-year labor contract with the mill, avoiding a potential strike. USW officials said the contract will allow workers and management to move forward in a way “that allows us to share in the company’s success.”
“The company came to the bargaining table this summer intent on forcing us all to accept a bad agreement,” wrote the USW in a member update.” What they failed to consider was that the members of this union never back down from a fight. Thanks to all of you, we were able to reach a tentative agreement that includes none of the regressive, concessionary demands the company was prepared to shove down our throats. That is solidarity in action.”
“We are pleased to have reached a tentative agreement with the USW we believe is fair and in the best long-term interests of our employees and their families, as well as U.S. Steel’s customers, stockholders and other stakeholders,” said David B. Burritt, President and CEO of U.S. Steel. “Together, we’ve agreed on terms that will create certainty and stability for our many stakeholders, enable our company to implement our long-term business strategy, which includes continued, responsible investments in our people and plants, and position U.S. Steel to remain a leader in the highly competitive global steel industry.”
“U.S. Steel began this process insisting upon deep concessions from a group of workers who had already made major sacrifices to help the company through a very difficult time,” said USW International President Leo W. Gerard. “It’s a testament to the power of solidarity that these workers were able to stand up with one voice and demand fair treatment.”
The agreement covers more than 16,000 workers at U.S. Steel’s domestic flat-rolled and iron ore mining facilities and the company’s tubular operations in Fairfield, Ala., Lorain, Ohio and Lone Star, Texas.
A summary of the agreement will be released in the next few days for review by union members before a ratification vote.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.

CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.

Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.

Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.

ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.