U.S. Steel And Workers Reach A Deal

It looks like the steel industry might be sharing its new fortunes with employees.

MarketWatch reports:

The Westin

“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.”

For the rest of the story, visit MarketWatch here.

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