Chicago-based ArcelorMittal USA Inc. and unionized workers were able to reach a tentative deal this past Saturday on a three-year labor contract, after ten long weeks of meetings. The agreement, if accepted, would cover almost 14,000 United Steelworkers union members, and would prevent a possible operations disruption and price increase as a consequence.
The 4-year contract that expired on the 1st of September will remain in effect until the new deal is ratified through a union vote. Sources involved have expressed optimism, saying they are confident the vote will go through.
With the new deal expected to be accepted, ArcelorMittal and U.S. Steel Corp. should both be able to continue without any disruption to output.