We are the United Steelworkers, North America’s largest industrial union. We’re 1.2 million members and retirees strong in the United States, Canada and the Caribbean. We proudly represent men and women who work in nearly every industry there is.
We are leaders in our communities, in our work places, in our governments and more. We have a presence in the United Kingdom, Ireland, England, Scotland, Mexico and many other places around the world.
We are leaders in our communities, in our work places, in our governments and more. We have a presence in the United Kingdom, Ireland, England, Scotland, Mexico and many other places around the world.
*We believe in better. We stand up and fight back for better. We work for working families around the world.*
*We believe in better. We stand up and fight back for better. We work for working families around the world.*
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*District 8*
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District 8 of the USW covers the geographical areas of Kentucky, West Virginia, Virginia and Maryland.
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In those states, we represent workers in steel producing, steel fabricating, gas/natural gas refineries, aluminum, paper and rubber.
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In Kentucky, our members make the iconic Louisville Slugger, Bulleit Bourbon, Kellogg’s Pop Tarts and are healthcare workers at Appalachian Regional.
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Have you heard of Fiestraware? Steelworkers in West Virginia produce the timeless dinnerware. We represent health care workers at several facilities in the state, the workers at Mylan Pharmaceutical and at Blue Shield and Blue Cross. The workers at the Mardi Gras Casino are also proud Steelworkers, as well as those who work for the cities of Fairmont, Princeton and Ravenswood.
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In Virginia, we represent the workers at the Naval Ship yard in Newport News, where naval...
According to the American Iron and Steel Institute, domestic raw steel production was 1,446,000 net tons while the capability utilization rate was 64.5 percent. Production was 1,801,000 net tons in the week ending September 19, 2019 while the capability utilization then was 77.4 percent. The current week production represents a 19.7 percent decrease from the same period in the previous year. Production for the week ending September 19, 2020 is down 0.9 percent from the previous week ending September 12, 2020 when production was 1,459,000 net tons and the rate of capability utilization was 65.1 percent.
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According to the American Iron and Steel Institute, domestic raw steel production was 1,446,000 net tons while the capability utilization rate was 64.5 percent in the week ending September 19th, 2020. Production was 1,801,000 net tons in the week ending September 19, 2019 while the capability utilization then was 77.4 percent. The current week production represents a 19.7 percent decrease from the same period in the previous year. Production for the week ending September 19, 2020 is down 0.9 percent from the previous week ending September 12, 2020 when production was 1,459,000 net tons and the rate of capability utilization was 65.1 percent.
Adjusted year-to-date production through September 19, 2020 was 56,174,000 net tons, at a capability utilization rate of 65.8 percent. That is down 20.1 percent from the 70,332,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.
Adjusted year-to-date production through September 19, 2020 was 56,174,000 net tons, at a capability utilization rate of 65.8 percent. That is down 20.1 percent from the 70,332,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.
Broken down by districts, here's production for the week ending September 19, 2020 in thousands of net tons: North East: 135; Great Lakes: 527 (36.4%); Midwest: 169; Southern: 553 and Western: 62 for a total of 1446.
Broken down by districts, here's production for the week...
According to the American Iron and Steel Institute, domestic raw steel production was 1,446,000 net tons while the capability utilization rate was 64.5 percent in the week ending September 19th, 2020. Production was 1,801,000 net tons in the week ending September 19, 2019 while the capability utilization then was 77.4 percent. The current week production represents a 19.7 percent decrease from the same period in the previous year. Production for the week ending September 19, 2020 is down 0.9 percent from the previous week ending September 12, 2020 when production was 1,459,000 net tons and the rate of capability utilization was 65.1 percent.
Adjusted year-to-date production through September 19, 2020 was 56,174,000 net tons, at a capability utilization rate of 65.8 percent. That is down 20.1 percent from the 70,332,000 net tons during the same period last year, when the capability utilization rate was 80.3 percent.
Broken down by districts, here's production for the week ending September 19, 2020 in thousands of net tons: North East: 135; Great Lakes: 527 (36.4%); Midwest: 169; Southern: 553 and Western: 62 for a total of 1446.
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”) for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron ore pellet producer in North America, with 28 million long tons of annual capacity.
ArcelorMittal USA will be acquired by Cleveland-Cliffs on a cash-free and debt-free basis, with a combination of 78.2 million shares of Cleveland-Cliffs common stock, non-voting preferred stock with an approximate aggregate value of $373 million, and $505 million in cash. The enterprise value of the transaction is approximately $3.3 billion, which takes into consideration the assumption by Cleveland-Cliffs of pension/OPEB liabilities and working capital.
In 2018 and 2019, ArcelorMittal USA averaged annual revenues of approximately $10.4 billion and annual adjusted EBITDA of approximately $700 million. The assets acquired include 6 steelmaking facilities, 8 finishing facilities, 2 iron ore mining and pelletizing operations, and 3 coal and cokemaking operations.
The transaction is anticipated to be EPS accretive, and Cleveland-Cliffs expects the acquisition to reduce the Company’s leverage from 4.3x to 3.6x on a pro-forma 2019 adjusted EBITDA basis, including the expectation of approximately $150 million in estimated annual cost savings. The acquisition is also expected to increase the Company’s liquidity substantially due to an increased ABL borrowing base.
Lourenco Goncalves, Chairman of the Board, President and CEO of Cleveland-Cliffs, will lead the expanded organization. Mr. Goncalves stated: “Steelmaking is a business where production volume, operational diversification, dilution of fixed costs, and technical expertise matter above all else, and this transaction achieves all of these. ArcelorMittal is a world class organization that we have long admired as our customer and our partner, and we know for a fact that they have taken good care of their US assets.”
Mr. Goncalves continued, “We look forward to welcoming the ArcelorMittal USA team into our organization. We are creating an exceptional company, based on great people and supported by our existing strong relationship with the United Steelworkers, the United Auto Workers and the Machinists unions. The acquisition of ArcelorMittal USA amplifies our position in the discerning automotive steel marketplace, and further improves our position in important U.S. markets such as construction, appliances, infrastructure, machinery and equipment. It also adds to...
