August 2012 | North American Steels
Possible outcomes and their effects on the US steel market vary with lingering labor negotiations between USW, ArcelorMittal and US Steel
USW’s contract with ArcelorMittal expires on 1 September and a strike or a lockout could commence on that date. MBR analysed and estimated a likelihood of the potential outcomes of the negotiations as the deadline approaches this weekend,
Labor contract negotiations between United Steelworkers (USW) and ArcelorMittal and US Steel Corporation have yet to be resolved, heightening concerns regarding the effect on US steel production. USW’s contract with ArcelorMittal expires on 1 September and a strike or a lockout could commence on that date, given that the sides are still working toward a settlement. The company states that market factors since 2008 have reduced the profitability of integrated mills and their ability to compete with EAF mills, and the current USW contracts are not representative of current market conditions.
MBR believes that there are four possible scenarios regarding the labor negotiations between the USW and ArcelorMittal/US Steel. The possible outcomes include a strike by USW, a lockout put in place...
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