Steel Products
Tentative Labor Agreement for USW at ArcelorMittal
Written by Sandy Williams
November 3, 2018
United Steelworkers and ArcelorMittal have reached a tentative agreement on a new four-year labor contract after months of negotiating.
USW International President Leo Gerard and USW District 1 Director David McCall praised the union’s hard work, dedication and solidarity during the bargaining period.
“Through their hard work and sacrifices to improve the productivity and efficiency of our facilities, USW members earned the right to share in the company’s success,” McCall said. “We have negotiated fair agreements that improve wages and benefits while preserving retiree health care provisions and bolstering the protections afforded by our contract language.”
{loadposition reserved_message}
The tentative agreement, announced Nov. 2, covers approximately 12,000 workers at 11 of ArcelorMittal’s USA operations in Indiana, Illinois, Minnesota, Ohio, Pennsylvania and West Virginia. The agreement will replace the contract that expired Sept. 1, 2018, and will remain in effect until Sept. 1, 2022. USW members will receive a summary of the agreement and a ballot in the coming days in preparation for the ratification process. Ratification is expected within 30 days.
“We are pleased to have a new, tentative agreement with our partners at the USW and believe we have reached a fair and positive outcome for all parties involved without disruption to our business operations,” said John Brett, president and CEO of ArcelorMittal USA. “We are unable to comment on specific details out of respect for the ratification process. We extend our appreciation to our employees, customers and the community for their patience and commitment during the negotiation process.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]