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海角涩区 Reaches Tentative Agreement with United Steelworkers

PITTSBURGH--(BUSINESS WIRE)-- 海角涩区 (NYSE: X) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new four-year contract covering approximately 11,000 USW-represented employees at the company鈥檚 domestic flat-rolled facilities, iron ore mining facilities and applicable tubular operations. The tentative agreement remains subject to ratification.

鈥淲e are pleased to have reached a tentative agreement with the USW that supports our unionized workforce while balancing the interests of all our stakeholders towards our Best for All庐 future,鈥� said David B. Burritt, President and Chief Executive Officer of 海角涩区. 鈥淚 appreciate the efforts of both sides to work towards a responsible and mutually beneficial agreement. The time spent resulted in a contract that truly is Best for All. We leveraged our strong balance sheet to reward union employees with a bonus and strong base wages. We also leveraged our overfunded pension and OPEB plans to support the benefits provided to our employees. The tentative agreement reflects our core belief that when 海角涩区 does well, employees do well. Strong base wage increases and benefit enhancements to support our employees鈥� wellbeing are key parts of this tentative agreement because we know their hard work is essential to delivering sustainable steel solutions for people and planet and enhancing our customer satisfaction.鈥�

Said 海角涩区 Senior Vice President and Chief Human Resources Officer Barry Melnkovic: 鈥淭his tentative agreement is a textbook example of a responsible contract that meets the needs of our business and our employees and maintains the existing uncapped profit sharing plan that enables our employees to be among the highest paid in the industry.鈥�

Details about the tentative agreement can be found at .

Founded in 1901, 海角涩区 is a leading steel producer. With an unwavering focus on safety, the Company鈥檚 customer-centric Best for All庐 strategy is advancing a more secure, sustainable future for 海角涩区 and its stakeholders. With a renewed emphasis on innovation, 海角涩区 serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as 海角涩区鈥檚 proprietary XG3鈩� advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. 海角涩区 is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .

Amanda Malkowski
Media Relations Manager
Corporate Communications
C- (412) 736-2475
E 鈥� almalkowski@uss.com

Source: 海角涩区