Steel Mills
USW and U.S. Steel Square Off for Negotiations
Written by Sandy Williams
July 12, 2018
Contract negotiations between the United Steelworkers and U.S. Steel Corp. began this week in Pittsburgh, Pa. The current-three year contract is set to expire on Sept. 1.
“We told USS we expect a fair agreement that rewards our sacrifice,” the union texted its members.
The steel market has dramatically improved from the bargaining environment in 2015 when U.S. Steel was posting billion-dollar losses and idling facilities.
U.S. Steel restarted the B furnace at its Granite City Works in March, bringing back 500 new and former employees. Furnace A will be operational in the beginning of October, adding another 300 new workers. First-quarter 2018 results saw improvement in all three of its reporting segments and reported net earnings of $18 million and sales of $3.1 billion.
With current steel demand strong and hot- and cold-rolled pricing averaging around $1,000 per ton, steelworkers are looking for an increase in wages this year and little to no concessions to benefits.
“As with previous contract negotiations, we hope to come to a mutually agreeable conclusion,” U.S. Steel spokeswoman Meghan Cox told the NWI Times.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.