Steel Mills
July 25, 2015
Possible Strike Does Not Worry Buyers & Sellers of Steel
Written by John Packard
By a wide majority, buyers and sellers of flat rolled steel have little to no fear of a possible strike or lockout at either US Steel or ArcelorMittal. At least that is what we found during our most recent flat rolled market analysis conducted last week.
Negotiations have started between ArcelorMittal and US Steel with AM having already submitted their proposal and US Steel scheduled to do so this week. Early comments from the United Steelworkers (USW) suggests that the negotiations are going to be contentious as both AM and USS are asking for changes, especially in the area of health care costs.
