Steel Mills
USW Ratifies 4-Year Contract at ArcelorMittal mine ops in Canada
Written by Sandy Williams
June 10, 2021
United Steelworkers at ArcelorMittal Mines and Infrastructure Canada have ended their strike and ratified a new four-year labor contract with the company.
“We are happy to turn the page on this conflict. The past few weeks have been a time to pause and start anew. We look forward to welcoming back our employees, and I personally assure them of my commitment, as well as that of all managers and executives, to a safe and healthy work environment where respect must prevail,” said Mapi Mobwano, president and CEO of ArcelorMittal Mining Canada and chairman of the management committee of ArcelorMittal Infrastructure Canada.
Members of the five union locals covered by the agreement voted overwhelmingly to approve the new deal. The new contract provides for average salary increases of more than 3% per year, as well as average annual increases in pension benefits of 3.75%. Existing retirees will also see their pensions indexed between 1% and 3%, the USW said.
“We estimate the contract will generate economic benefits to the region of $178 million over the next four years – an average annual increase of 14%,” said Nicolas Lapierre, Steelworkers’ union coordinator for the North Shore region of Quebec. “Through this fight for better working conditions, our members also fought for economic benefits for the North Shore and for Quebec. Today we can be proud of their struggle!”
By Sandy Williams, By Sandy@SteelMarketUpdate.com
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.