It looks like the steel industry might be sharing its new fortunes with employees.
“The United Steelworkers union and U.S. Steel Corp. struck a tentative agreement for a new labor contract covering at least 14,000 workers, breaking a three-year wage freeze.
The union and company issued statements Monday afternoon confirming the initial deal, but representatives for both sides declined to comment on contract terms.
Workers for the Pittsburgh-based steelmaker have been pushing for raises in a new contract amid 25% tariffs on steel imports implemented by the Trump administration. Those tariffs have helped U.S. Steel raise prices, as the U.S. economy has expanded.”
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