Steel Mills

Algoma, USW Local 2251 Reach Tentative Labor Deal
Written by Laura Miller
August 23, 2022
Canada’s Algoma Steel and the United Steelworkers (USW) Local 2251 announced they have reached a new, tentative five-year labor deal.
The bargaining committee of Local 2251 is “unanimously recommending the offer,” encouraging membership to vote in favor of the fair agreement during the ratification vote scheduled for Aug. 25 and Aug. 29. The Local represents hourly workers at Algoma’s sheet and plate mill in Sault Ste. Marie, Ontario.
The two sides had agreed just weeks ago to avoid a strike and lockout through at least September 1, but at the time the Local bargaining committee had recommended its members reject Algoma’s prior labor offer.
Now, “We are pleased to inform our membership that we have been able to negotiate a fair agreement with Algoma Steel,” stated USW Local 2251 president Mike DaPrat. “We believe that this agreement will serve our needs for the next five years. The negotiating committee wishes to thank its members for their continued support throughout the process.”
“This agreement avoids disruption to our operations and directs our attention to continuing the exciting momentum we have generated together on course to becoming a leading provider of green steel in North America,” commented Algoma president and CEO Michael Garcia.
Members of USW Local 2724, representing Algoma’s salaried workers, ratified their new labor agreement on July 26.
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."