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Stelco, USW reach tentative contract agreement: Update

  • Market: Coking coal, Metals
  • 17/08/22

Updates throughout that Stelco and USW have come to tentative agreement

Canadian integrated steelmaker Stelco and its largest union reached a tentative agreement on a new labor contract today.

The United Steelworkers (USW) Local 8782 union said a vote will take place on 19 August.

The union met with company executives, including chief executive Alan Kestenbaum, yesterday in a final effort to reach a new contract. The union's prior pact expired on 30 June.

In a vote on 28 July, the union's membership rejected a prior version of the new contract with 52pc voting against.

USW Local 8782 president Randy Graham had previously said the union could have gone on strike beginning on 22 August.

Two other smaller USW unions at the mill have either approved their new contracts or are working to bring them for a vote to membership.

Stelco did not respond to repeated requests for comment.

In the US, integrated steelmakers Cleveland-Cliffs and US Steel are negotiating with USW leadership, who represent more than 23,000 steelworkers, over contracts that expire on 1 September.


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