Steel Mills
July 11, 2015
US Steel Contract Negotiations Begin
Written by Sandy Williams
Contract negotiations have kicked off between the United Steelworkers and US Steel Corp. USW officials and US Steel representatives met in Pittsburgh to begin ironing out the details of a new three year contract to replace the current one due to expire Sept. 1.
The talks come at a time when the steel industry is facing tough competition from imports that have resulted in layoffs and low steel prices. US Steel posted a net loss of $75 million in the first quarter, due to shutdowns, lower prices, and lower sale volumes.
