The United Steelworkers (USW) today welcomed the announced stock purchase of Severstal’s USW-represented assets by the Renco Group, including the former Wheeling-Pittsburgh Steel facilities in the Ohio Valley, including Wheeling Corrugating in Wheeling, W. Va. and the Allenport facility in Allenport, Pa.; the former WCI Steel facility in Warren, Ohio; and the former Bethlehem Steel facility in Sparrows Point, Md., along with a 50 percent ownership of Mountain State Carbon in Follansbee, W. Va. and Ohio Coatings in Ohio.

The USW and Renco have reached tentative agreement on a contract covering all the USW-represented hourly production and maintenance workers, subject to membership ratification.

USW International President Leo W. Gerard praised union members and retirees at all of the facilities for standing together throughout the sales process, which began during the global economic crisis that led to a dramatic drop in steel demand ... more