Metallus and United Steelworkers Forge Tentative Four-Year Contract Agreement in Ohio

Metallus and United Steelworkers Reach Tentative Contract Agreement

CANTON, Ohio, January 16, 2026 – Metallus (NYSE: MTUS), a leader in high-quality specialty metals and supply chain solutions, has successfully negotiated a tentative four-year agreement with the United Steelworkers (USW) Local 1123. This new contract comes after union members previously rejected offers on October 30 and December 18, 2025. The decision to pursue further negotiations indicates a strong commitment from both parties to find a resolution favorable to employees and the company alike.

CEO Mike Williams expressed his satisfaction with the new agreement, emphasizing that it reflects a balanced approach to meet the needs of employees while aligning with the company’s priorities. “The tentative contract offers a fair and reasonable resolution,” stated Williams. “We value the constructive cooperation from all parties in reaching a solution that benefits our employees and supports Metallus' future growth.”

To facilitate a proper exchange of information between the union and its members regarding the new contract, the existing labor agreement has been extended for an additional 14 days, pushing the expiration date to February 12, 2026. During this extension, normal operations at the Canton facility will proceed as usual for the approximately 1,200 bargaining employees impacted by the contract.

Metallus is proud to be a premier U.S. producer of specialty metals, serving industries including automotive, aerospace, and energy. With over a century of expertise in manufacturing high-quality steel, the company is committed to innovation and excellence. In 2024, Metallus recorded impressive sales of $1.1 billion and employed roughly 1,850 individuals who contribute to the company’s success in delivering high-performance specialty metals predominantly derived from recycled scrap.

This tentative agreement not only represents a significant step forward for the labor force at Metallus but also showcases the importance of labor relations in ensuring job security and the sustainability of operations in a highly competitive environment. Union members are awaiting further announcements regarding the voting schedule on this contract as they prepare to express their agreement or concerns.

As Metallus continues to navigate the complexities of market fluctuations and operational requirements, the company remains focused on its mission to enhance productivity and foster a supportive work environment. The leadership is optimistic that this new agreement will pave the way for continued success and stability for both the employees and the organization.

In an industry defined by constant change, maintaining a strategic partnership between management and labor ensures that both parties can adapt effectively to future demands. The commitment shown in this negotiation serves as a strong foundation for overcoming challenges in the specialty metals market. The future looks promising for Metallus and its dedicated workforce, as they aim to uphold their reputation for quality and service excellence.

For more information about Metallus and its innovative solutions in specialty metals, please visit Metallus Official Website.