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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ArcelorMittal | EU:MT | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.04 | -0.16% | 25.455 | 25.40 | 25.51 | 25.775 | 25.31 | 25.70 | 1,738,641 | 16:40:00 |
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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