Steel Mills

Face-to-Face Talks Resume Between USW and Cliffs, US Steel
Written by Laura Miller
August 19, 2022
The United Steelworkers (USW) union resumed face-to-face labor talks with Cleveland-Cliffs Inc. and United States Steel Corp. this week in Pittsburgh after a brief hiatus for the USW’s 2022 Constitutional Convention Aug. 8–11 in Las Vegas.
Current labor agreements with the two flat-rolled steelmakers are due to expire on Sept. 1.
Cleveland-Cliffs Update
In an Aug. 19 bargaining update, the USW signaled continued positivity and optimism in its talks with Cleveland-Cliffs.
“At the table, negotiations continued this week, and we have resolved many local issues and issues related to contract language. However, we still have significant work to do on profit-sharing issues, pension issues and other economic issues,” the update reads.
A list of the locations covered by the master contract negotiations with the Cleveland-based steelmaker can be found here.
While not discussing specifics on negotiations out of respect for the bargaining process, “Cleveland-Cliffs and the USW have successfully negotiated agreements for decades based on our shared commitment to the middle class and our common goals,” a spokeswoman said in an email to SMU on Friday afternoon. “We are confident that our bargaining process will result in a fair and equitable agreement,” she said.
US Steel Update
Not as much optimism was expressed in an update on talks with US Steel.
“Many of the sub-committees report some progress,” the USW said in an Aug. 19 bargaining update. “While this is a positive development, most major issues are still being discussed, and we have a lot of work ahead of us.”
Negotiations with the Pittsburgh-based steelmaker cover all of its locations except its Big River Steel Works, a non-union EAF sheet mill in Osceola, Ark.
“We’re optimistic about the progress made in bargaining thus far, and we look forward to continued conversations with USW as we work to reach an agreement,” a spokeswoman for US Steel said in an email to SMU.
Canadian Steelmakers Update
Strikes have thus far been averted at Canadian flat-rolled steelmakers Algoma and Stelco, although some ratification votes on potential labor deals are still pending.
USW Local 8782, representing workers at Stelco’s Lake Erie Works in Nanticoke, Ontario, was scheduled to vote on potential labor deal on Friday, Aug. 19.
Stelco’s Hamilton, Ontario, steelworkers represented by USW Local 1005 ratified a new, five-year labor deal on Wed., Aug. 17.
USW Local 2251 representing hourly workers at Algoma’s mill in Sault Ste. Marie, Ontario, has scheduled a ratification vote on a pending labor agreement from Aug. 29–31.
Algoma’s salaried workers, represented by USW Local 2724, ratified their new labor pact late in July.
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."