Steelworkers, U.S. Steel Reach Tentative Contract Agreement
16 October 2018 - 8:00AM
Dow Jones News
By Micah Maidenberg
The United Steelworkers union has struck a tentative agreement
for a new labor contract with U.S. Steel Corp.
A spokesman for the union said in an email Monday afternoon the
initial deal was in place, but further details weren't immediately
available.
Workers for the Pittsburgh-based steelmaker have been pushing
for raises in a new contract. The implementation of 25% tariffs on
steel imports have helped U.S. steel companies raise prices amid
strong economic growth.
A U.S. Steel spokeswoman didn't immediately respond to a request
for comment. Workers had previously authorized union leaders to
call a strike if negotiations faltered.
ArcelorMittal SA management and employees represented by the
United Steelworkers also are bargaining over a new contract.
ArcelorMittal and U.S. Steel account for 40% of U.S. production
capacity of flat-rolled steel that is used across the industrial
sector.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 15, 2018 16:45 ET (20:45 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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