USW may try to block Sparrows Point sale

Saturday, 24 February 2007 10:17:31 (GMT+3)   |  
The United Steelworkers union has threatened to challenge the US Justice Department's (DOJ) order for Mittal Steel to sell its Sparrows Point mill. The union says that it will try to block the sale of the mill, located near Baltimore, Maryland, unless it is satisfied that the sale is in the workers' best interests. USW spokesperson Gary Hubbard told the press after the DOJ's ruling Tuesday, “It's not the result that we expected to see, so we're exploring all options. This is all about long-term security of the stakeholders and the enterprise itself.” The Justice Department maintains that despite the USW's potential objections, there is no appeal process that the steelworkers or Mittal can take, and that if Mittal does not sell Sparrows Point itself, it will be sold by an appointed trustee. The US DOJ order requires that Mittal sell Sparrows Point by May 21 in order to settle antitrust issues resulting from the company's pending merger with Arcelor SA. However, the deadline may be extended by up to 60 days.

Tags:

Similar articles

Confindustria calls for pragmatic EU ETS reform to protect industrial competitiveness

09 Jun | Steel News

Local Turkish dollar-based merchant bar prices fall amid ongoing currency fluctuations

09 Jun | Longs and Billet

US issues final AD results on PC strand from Malaysia

09 Jun | Steel News

Turkish domestic wire rod prices mostly fall amid weaker scrap and demand

09 Jun | Longs and Billet

Ex-China HRC prices fall as all fundamentals negative, supportive factors disappear

09 Jun | Flats and Slab

Local Turkish rebar spot prices fall amid sluggish demand and lower ex-US scrap prices

09 Jun | Longs and Billet

Indian HRC exporters manage to push volumes in all major markets after discounts

09 Jun | Flats and Slab

GCC HRC market sees increased activity as suppliers become more competitive

09 Jun | Flats and Slab

Daily iron ore prices CFR China - June 9, 2026

09 Jun | Scrap & Raw Materials

H-beam prices in local Chinese market - week 24, 2026

09 Jun | Longs and Billet