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Cleveland-Cliffs, United Steelworkers Reach Tentative Contract

  • The agreement includes a $4 billion investment in facilities
  • The four-year contract must be ratified by the union
Cleveland-Cliffs Inc. and the United Steelworkers union have reached a tentative labor agreement. 

Cleveland-Cliffs Inc. and the United Steelworkers union have reached a tentative labor agreement. 

Photographer: Luke Sharrett/Bloomberg

Cleveland-Cliffs Inc., the second-largest steel producer in the US, and the United Steelworkers union have reached a tentative labor agreement that will provide improved wages and other benefits to 12,000 workers in six states.

The agreement also includes a commitment by Cleveland-Cliffs to invest $4 billion in United Steelworker represented facilities, the union said Saturday in a press release.