Weirton Steel workers reach an agreement with ISG

Weirton Steel workers reach an agreement with ISG

According to recent news in the market, Independent Steelworkers Union, representing workers of bankrupt Weirton Steel has approved a five-year labor contract with International Steel Group (ISG). As previously reported by SteelOrbis, Weirton Steel accepted the offer of $255 million by ISG for its assets. However it is stated that the other investors may submit their counter-bids by April 6, 2004.