#USA #Canton #Metallus #Specialty Metals #USW

Metallus and United Steelworkers Local 1123 Reach Tentative Deal on New Contract

In a significant development for the employees at Metallus (NYSE: MTUS), this leading manufacturer of specialty metals and supply chain solutions has reached a tentative agreement with the United Steelworkers (USW) Local 1123 for a new four-year labor contract. This agreement comes after the initial proposal was rejected during a vote held on October 30, 2025, by the USW members.

CEO Mike Williams expressed satisfaction with the new deal, emphasizing that it reflects both parties' commitment to maintaining competitive wages, robust benefits, and safe working conditions. He stated, “We are pleased to have reached a new tentative agreement that reflects our shared commitment to competitive wages, solid benefits, and a safe working environment.” He further reiterated the importance of the thorough discussions that led to this agreement, noting that throughout the process, all parties demonstrated a good-faith effort aimed at supporting employees and reinforcing Metallus' sustainability and growth initiatives.

Under the terms of this tentative agreement, the current contract, which affects around 1,200 employees at Metallus' Canton, Ohio facility, has been extended until January 29, 2026. The workers at this prominent manufacturing site produce high-performance specialty metals crucial for various industries, including automotive, aerospace, and energy.

Metallus has a rich history, having provided high-quality steel products for over a century. The company’s operations are characterized by an unwavering focus on quality control and customer satisfaction, serving demanding applications from a diverse market. As a renowned producer of alloy steel bars and seamless mechanical tubing, it also emphasizes sustainability by utilizing recycled scrap metal in its manufacturing processes.

The tentative agreement has been met with optimism, as it highlights the key aspects of labor relations where both the company and the employees' interests are taken into account. The current negotiation reflects broader trends within the manufacturing sector, where labor unions are advocating for better conditions and employee welfare amid changing economic landscapes.

As the union prepares for a second vote to ratify the new agreement, members and observers alike are hopeful that this collaborative spirit will lead to a finalized contract that benefits both the company and its workers. The planned date for this vote will be announced shortly, marking a crucial step in solidifying the relationship between employees and management.

In conclusion, this development not only signals Metallus' ongoing commitment to its workforce but also illustrates the importance of unions in negotiating labor agreements that prioritize both job security and fair compensation. The continued success of Metallus hinges on fostering a motivated and satisfied workforce, essential for maintaining its competitive edge in the demanding specialty metals market.