Metallus Extends Labor Contract by 90 Days Following USW Members' Rejection of Tentative Agreement

Core Points - Metallus (NYSE: MTUS) confirmed that members of the United Steelworkers (USW) Local 1123 voted against ratifying a tentative labor agreement reached on October 3, 2025 [1][2] - The current labor contract has been extended for an additional 90 days until January 29, 2026, allowing time for further negotiations [2] - Metallus employs approximately 1,200 bargaining employees in Canton, Ohio [3] Company Overview - Metallus is a leader in high-quality specialty metals, manufactured components, and supply chain solutions, with a focus on industrial, automotive, aerospace & defense, and energy end-markets [4] - The company has been in the business of producing high-quality steel for over 100 years and reported sales of $1.1 billion in 2024 [4] - Metallus employs around 1,850 people and is a premier U.S. producer of alloy steel bars and seamless mechanical tubing [4]