Steel Mills

Legal Strike Date Approaches for USW Local 1005
Written by Laura Miller
August 10, 2022
Steelworkers at Stelco’s processing and finishing operations in Hamilton, Ontario, will be in a legal position to strike as of 12:01 am on Aug. 16, 2022.
Leaders of the United Steelworkers Local 1005 said in the latest bargaining update that many issues remain unresolved with the Canadian steelmaker.
“As the strike deadline rapidly approaches, we have made little progress in the four and a half months that we have spent at the bargaining table. We have been available and ready to bargain every day, but unfortunately Stelco does not have the same sense of urgency and has failed to move forward in good faith,” the update reads.
The Local leaders note Stelco’s incredibly profitable past few quarters and the company’s ability to reward shareholders, sell lands, and buy back $1 billion in shares from shareholders. Additionally, the steelmaker “has boasted about having the lowest labor cost among their competitors.” Taking all these things into consideration, a fair contract remains the USW’s goal.
“…We are not in a position today to tell you if we will be bringing back a contract to vote on or signing members up for picket duty. … The struggle continues,” the Aug. 9 update continues.
Stelco did not respond to SMU’s request for comment as of Wednesday afternoon.
Legal strike dates are also approaching at other USW-represented steelmaking operations in Canada.
The USW Local 8782, which represents Stelco’s Lake Erie Works steelmaking operations in Nanticoke, Ontario, will be in a legal position to strike as of 12:01am on Sunday, Aug. 22.
Earlier this week, USW Local 2251, representing hourly workers at Algoma Steel, rejected the latest offer from the steelmaker. 2251’s extended contract is set to expire on Monday, Aug. 15 at 11:59 pm.
USW Local 2724, representing Algoma’s salaried technical, professional, and front-line supervisors, is the only local that has already ratified a new labor contract.
By Laura Miller, laura@steelmarketupdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."