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MT ArcelorMittal

25.455
-0.04 (-0.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Steelworkers, U.S. Steel Reach Tentative Contract Agreement

15/10/2018 10:00pm

Dow Jones News


ArcelorMittal (EU:MT)
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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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