Steel Mills
Strike at ArcelorMittal Lazaro Cardenas Ends
Written by Sandy Williams
March 15, 2016
ArcelorMittal and the Mexican Mining and Metal Workers Union have reached an agreement to end a strike at the company’s Lazaro Cardenas steel mills.
In negotiations mediated by the Labor Ministry, ArcelorMittal agreed to relocate 125 workers following the recent closure of a coke plant and pay severance to 81 others, and to extend for another year an agreement over the use of third-party contract workers, according to a ministry press release.
The agreement was unanimously approved by the workers who resumed working on Monday. ArcelorMittal also agreed to pay worker wages for the duration of the strike period which began March 4. The union and company will meet again in two weeks to discuss other pending labor issues.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.
Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.
Cliffs to idle Dearborn blast furnace, restart Cleveland furnace by July
Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.