Steel Mills
Talks Continue Between Cliffs, USW Miners Ahead of Oct 1 Deadline
Written by Michael Cowden
September 8, 2022
Cleveland-Cliffs Inc. and the United Steelworkers (USW) union continue to work toward a new labor contract for employees at the company’s iron ore mines.
A prior contract between the Cleveland-based steelmaker and workers at its mining and pelletizing operations is set to expire on Oct. 1.
That contract is separate from one with its USW-represented steel mill workers, with whom a new tentative agreement was reached on Aug. 27 – ahead of a Sept. 1 deadline.
Both the union and the company indicated that negotiations continued to proceed constructively.
“Cleveland-Cliffs and the USW have a long history of successfully negotiated labor agreements. That was confirmed once again as recently as ten days ago,” a company spokeswoman said in an email to SMU on Thursday, Sept. 8.
She said she was confident that the bargaining process with the USW in Minnesota and in the Upper Peninsula of Michigan – where Cliffs mining operations are located – would also “result in a fair and equitable agreement.”
The USW sounded a similar note.
“Our committee still has plenty of work to do with management to resolve our issues,” the union said in an update to members on Wednesday, Sept. 7. “However, we are pleased to report to our membership that we have been engaged at the table, and both parties continue to have a respectful and meaningful dialog.”
This summer saw the negotiation of new labor contracts at Canadian steelmakers Algoma and Stelco as well as at Cliff’s steel mills. Those talks, despite heated rhetoric in some instances, were all resolved without strikes or lockouts.
The other outstanding set of labor talks is those between the USW and US Steel. A prior agreement between the union and the Pittsburgh-based steelmaker expired on Sept. 1. Negotiations have since continued past that deadline.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.
Algoma changing fiscal year end to Dec. 31
Canada’ Algoma Steel has announced a change in its fiscal year end from March 31 to Dec. 31.
ArcelorMittal Q3 earnings down, still recovering from Mexico strike
ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.