Metallus and United Steelworkers (USW) Local 1123 Reach New Tentative Agreement for Four-Year Contract

Core Insights - Metallus has reached a new tentative agreement for a four-year contract with the United Steelworkers Local 1123 after the initial agreement was not ratified [1][2] - The new agreement aims to ensure competitive wages, solid benefits, and a safe working environment for approximately 1,200 bargaining employees at the Canton, Ohio operations [2] Company Overview - Metallus (NYSE: MTUS) specializes in high-performance specialty metals, manufactured components, and supply chain solutions, primarily serving industrial, automotive, aerospace & defense, and energy markets [3] - The company has been in the business of producing high-quality steel for over 100 years and employs around 1,850 people [3] - In 2024, Metallus reported sales of $1.1 billion, indicating a strong market presence [3]