Steel Mills
Cliffs, UAW Reach Tentative Pact at Coshocton Works
June 21, 2023
Cleveland-Cliffs said Wednesday it has reached a new, three-year labor agreement with the United Auto Workers (UAW) union at its Coshocton Works in Ohio. The deal is slated to take effect July 31.
The Cleveland-based steelmaker said the agreement is tentative, pending ratification by UAW local union membership, with ~330 UAW-represented workers covered.
“We are pleased to reach a new labor agreement with the UAW for our employees at Coshocton Works,” Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement.
He said that Coshocton is a leading producer of electric-arc furnace (EAF) flat-rolled stainless steel in the US, and a major supplier of stainless steel to the North American automotive industry.
“This agreement provides Cleveland-Cliffs a competitive cost structure for future success, while maintaining and supporting good-paying, middle class union jobs to our employees at Coshocton Works,” Goncalves added.
No additional details will be released at pending the ratification process, the company said.
An SMU email to UAW for comment was not immediately returned by time of publication.
Coshocton Works produces various flat-rolled stainless steels for the automotive, appliance, distribution, and medical markets, according to Cliff’s website.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.