Steel Mills
Cliffs, UAW Ratify New Contract at Rockport Works
Written by David Schollaert
October 4, 2021
Cleveland-Cliffs Inc. has a new three-year labor agreement with United Auto Workers (UAW) Local 3044, which represents approximately 350 workers at the steelmaker’s Rockport Works near Rockport, Ind. The new contract is retroactively effective from Oct. 1, 2021, through Sept. 30, 2024.
“Our union workforce is at the core of not just what we do but American manufacturing as a whole, and we are pleased to continue our commitment to good-paying, middle-class jobs with a new labor agreement at Rockport,” Cliffs Chairman, President and CEO Lourenco Goncalves said.
Cliffs and Rockport are major suppliers to the automotive industry. Rockport is home to an 80-inch-wide galvanizing line – the widest in the country – with revolutionary proprietary technologies, including induction transition heating, which provides rapid, accurate annealing temperature control.
“Our local team at Rockport is committed to the long-term health and success of our company, our country, and our environment, and as such we were able to get a deal done that is fair and equitable for both sides,” Goncalves added. “We embrace our unions as partners and allow for participation in our success. Our partnership is a powerful one, and with this latest deal, we will maintain our competitive cost structure in flat-rolled steel relative to any of our peers.”
Cleveland-Cliffs claims to be the largest flat-rolled steel producer and the largest supplier of steel to the auto industry in North America. Headquartered in Cleveland, the company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling and tubing. It employs approximately 25,000 workers serving a diverse range of markets.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Government seeks extension in USS-Nippon lawsuit as talks continue
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.
Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.
Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.