<article><p class="lead">The United Steelworkers (USW) union has ratified a new four-year labor contract with integrated steelmaker Cleveland-Cliffs.</p><p>Base wages are expected to increase by 20pc during the period of the contract, and Cliffs has committed to invest $4bn at its union-represented facilities. </p><p>The ratification is likely to increase pressure on Cliffs' competitor US Steel, the last remaining steel company in Canada and the US to be negotiating a labor deal with the USW. US Steel's prior contract with the union expired on 1 September and <a href="https://metals.argusmedia.com/newsandanalysis/article/2366738">was indefinitely extended</a>. </p><p>A 48 hour notice period is required before either side can go forward with a lockout or a strike. </p><p>Negotiations between US Steel and the USW have been tense, with the USW pointing to increased costs for its members in US Steel's proposals, and the steelmaker <a href="https://metals.argusmedia.com/newsandanalysis/article/2374935">filing an unfair labor practice complaint</a> with the National Labor Relations Board in September.</p><p>According to a statement from the USW at the end of September, US Steel has proposed wage increases of 14pc. A statement from yesterday from the union says the two sides still remain apart on wages, healthcare, retirement, and vacation time. </p><p class="bylines">By Rye Druzin</p></article>
