Metallus Extends Labor Contract by 90 Days Following USW Members' Rejection of Tentative Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2025
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Should l Buy MTUS?
Source: PRnewswire
Labor Agreement Vote: Members of the United Steelworkers Local 1123 voted against ratifying a tentative labor agreement with Metallus, which had been reached on October 3, 2025.
Company Response: Metallus CEO Mike Williams expressed disappointment over the vote outcome, emphasizing the company's commitment to competitive wages, benefits, and a safe working environment.
Contract Extension: The current labor contract has been extended for an additional 90 days, allowing time for further negotiations, with operations continuing as normal during this period.
Company Overview: Metallus, a leading manufacturer of specialty metals, employs approximately 1,850 people and reported sales of $1.1 billion in 2024, serving various industrial sectors.
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About MTUS
Metallus Inc. manufactures alloy steel, as well as carbon and micro-alloy steel, using electric arc furnace (EAF) technology. The Company's portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing (tubes), manufactured components such as precision steel components, and billets. The Company manages raw material recycling programs, which are used internally as a feeder system for its melt operations and allow it to sell scrap not used in its operations to third parties. The Company’s products and solutions are used in a diverse range of demanding applications in the end-markets including industrial, which includes industrial equipment, mining, construction, rail, heavy truck, agriculture and power generation; automotive; aerospace & defense, and energy. Its production of manufactured components takes place at two downstream manufacturing facilities: Tryon Peak (Columbus, North Carolina) and St. Clair (Eaton, Ohio).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Metallus Secures New Four-Year Contract with United Steelworkers
- Contract Agreement: Metallus has signed a new four-year contract with United Steelworkers Local 1123, effective February 5, 2026, through September 30, 2029, reflecting a mutual commitment to enhance employee satisfaction and safety within the workforce.
- Wage and Benefit Increases: The new contract guarantees annual base wage increases for Canton-based employees and competitive healthcare and retirement benefits for all members, which not only enhances employee welfare but also increases the company's attractiveness in retaining talent.
- Strengthening Strategic Priorities: CEO Mike Williams emphasized that the contract reflects the company's strategic priorities in safety, innovation, and long-term competitiveness, aiming to enhance market position through sustained cash generation and profitability.
- Focus on Employee Wellbeing: The contract underscores the importance of employee health and safety while ensuring sustainable operations, which not only improves the work environment for employees but also promotes the company's long-term growth and market competitiveness.
See More
Metallus Secures New Four-Year Contract with United Steelworkers
- Contract Agreement: Metallus has signed a new four-year contract with United Steelworkers Local 1123, effective from February 5, 2026, to September 30, 2029, reflecting a mutual commitment to employee welfare and safety.
- Wage Increases: The contract guarantees annual base wage increases for Canton-based employees, ensuring stable income growth over the next four years, which is expected to enhance employee satisfaction and retention rates.
- Enhanced Benefits: The new agreement provides competitive healthcare and retirement benefits for all members, further emphasizing the company's focus on employee wellbeing, aimed at improving overall quality of life and workplace morale.
- Strategic Priorities Reinforced: CEO Mike Williams stated that this contract not only underscores the company's commitment to safety and innovation but also aligns with its strategic goals of maintaining strong cash generation and sustained profitability across all market cycles.
See More
Metallus to Release Q4 and Full-Year 2025 Results on February 19, 2026
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- Conference Call Details: The company has scheduled a conference call with the financial community for February 20, 2026, at 9:00 a.m. ET, which will be broadcast live online, allowing investors to access real-time information.
- Company Overview: Metallus, based in Canton, Ohio, specializes in high-performance specialty metals for industrial, automotive, aerospace, and energy markets, achieving $1.1 billion in sales in 2024, reflecting strong market demand.
- Employee Count and History: With approximately 1,850 employees and over 100 years of experience in steel manufacturing, Metallus continues to provide high-quality alloy steel and seamless mechanical tubing, solidifying its leading position in the industry.
See More
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- Earnings Release Schedule: Metallus plans to release its fourth-quarter and full-year 2025 results after market close on February 19, 2026, which is expected to provide critical financial data and performance insights for investors.
- Conference Call Timing: The company will hold a conference call on February 20, 2026, at 9:00 a.m. ET, with live Internet access for investors and analysts to participate in the discussion of the financial results.
- Company Background: Metallus, based in Canton, Ohio, specializes in high-performance specialty metals for industrial, automotive, aerospace, and energy sectors, achieving $1.1 billion in sales in 2024 and employing approximately 1,850 people.
- Industry Position: As a leading U.S. producer of alloy steel bars and seamless mechanical tubing, Metallus boasts over 100 years of experience in high-quality steel manufacturing, continuously enhancing its customers' product performance and market competitiveness.
See More
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- New Contract Agreement: Metallus has reached a new tentative four-year contract with the United Steelworkers, covering approximately 1,200 employees, reflecting the company's efforts to balance employee needs with business priorities.
- Vote Schedule Delay: The current labor contract has been extended by 14 days until February 12, 2026, to allow time for the union to communicate with its members, ensuring normal operations during this period to avoid business disruptions.
- Management Statement: CEO Mike Williams stated that the new contract offers a fair and reasonable resolution aimed at maintaining job stability for employees while supporting Metallus' future success.
- Company Background: Metallus has over 100 years of experience in high-performance specialty metals manufacturing, achieving $1.1 billion in sales in 2024, demonstrating its strong competitiveness in industrial, automotive, and aerospace markets.
See More
Metallus (MTUS) Union Rejects Labor Agreement, Impacting 1,200 Employees
- Union Vote Outcome: Metallus's union members voted against the second tentative labor agreement on December 18, 2025, despite support from the local bargaining committee and international representatives, indicating employee dissatisfaction with the proposed terms.
- Agreement Overview: The rejected agreement aimed to provide excellent compensation and benefits while ensuring the long-term health of Metallus, but the vote outcome poses greater challenges for the company in future negotiations.
- Employee Coverage: The current agreement covers approximately 1,200 bargaining employees at the Canton, Ohio operations, with the original agreement extended until January 29, 2026, highlighting the urgency in employee management for the company.
- Management Response: CEO Mike Williams expressed disappointment over the vote outcome and reiterated the company's commitment to negotiating in good faith to reach a resolution that supports both employees and the company's future.
See More
Metallus Secures New Four-Year Contract with United Steelworkers
- Contract Agreement: Metallus has signed a new four-year contract with United Steelworkers Local 1123, effective February 5, 2026, through September 30, 2029, reflecting a mutual commitment to enhance employee satisfaction and safety within the workforce.
- Wage and Benefit Increases: The new contract guarantees annual base wage increases for Canton-based employees and competitive healthcare and retirement benefits for all members, which not only enhances employee welfare but also increases the company's attractiveness in retaining talent.
- Strengthening Strategic Priorities: CEO Mike Williams emphasized that the contract reflects the company's strategic priorities in safety, innovation, and long-term competitiveness, aiming to enhance market position through sustained cash generation and profitability.
- Focus on Employee Wellbeing: The contract underscores the importance of employee health and safety while ensuring sustainable operations, which not only improves the work environment for employees but also promotes the company's long-term growth and market competitiveness.
See More
Metallus Secures New Four-Year Contract with United Steelworkers
- Contract Agreement: Metallus has signed a new four-year contract with United Steelworkers Local 1123, effective from February 5, 2026, to September 30, 2029, reflecting a mutual commitment to employee welfare and safety.
- Wage Increases: The contract guarantees annual base wage increases for Canton-based employees, ensuring stable income growth over the next four years, which is expected to enhance employee satisfaction and retention rates.
- Enhanced Benefits: The new agreement provides competitive healthcare and retirement benefits for all members, further emphasizing the company's focus on employee wellbeing, aimed at improving overall quality of life and workplace morale.
- Strategic Priorities Reinforced: CEO Mike Williams stated that this contract not only underscores the company's commitment to safety and innovation but also aligns with its strategic goals of maintaining strong cash generation and sustained profitability across all market cycles.
See More
Metallus to Release Q4 and Full-Year 2025 Results on February 19, 2026
- Earnings Release Schedule: Metallus will release its Q4 and full-year 2025 results after market close on February 19, 2026, providing investors with critical financial data and performance insights.
- Conference Call Details: The company has scheduled a conference call with the financial community for February 20, 2026, at 9:00 a.m. ET, which will be broadcast live online, allowing investors to access real-time information.
- Company Overview: Metallus, based in Canton, Ohio, specializes in high-performance specialty metals for industrial, automotive, aerospace, and energy markets, achieving $1.1 billion in sales in 2024, reflecting strong market demand.
- Employee Count and History: With approximately 1,850 employees and over 100 years of experience in steel manufacturing, Metallus continues to provide high-quality alloy steel and seamless mechanical tubing, solidifying its leading position in the industry.
See More
Metallus to Release Q4 and Full-Year 2025 Results on February 19
- Earnings Release Schedule: Metallus plans to release its fourth-quarter and full-year 2025 results after market close on February 19, 2026, which is expected to provide critical financial data and performance insights for investors.
- Conference Call Timing: The company will hold a conference call on February 20, 2026, at 9:00 a.m. ET, with live Internet access for investors and analysts to participate in the discussion of the financial results.
- Company Background: Metallus, based in Canton, Ohio, specializes in high-performance specialty metals for industrial, automotive, aerospace, and energy sectors, achieving $1.1 billion in sales in 2024 and employing approximately 1,850 people.
- Industry Position: As a leading U.S. producer of alloy steel bars and seamless mechanical tubing, Metallus boasts over 100 years of experience in high-quality steel manufacturing, continuously enhancing its customers' product performance and market competitiveness.
See More
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- New Contract Agreement: Metallus has reached a new tentative four-year contract with the United Steelworkers, covering approximately 1,200 employees, reflecting the company's efforts to balance employee needs with business priorities.
- Vote Schedule Delay: The current labor contract has been extended by 14 days until February 12, 2026, to allow time for the union to communicate with its members, ensuring normal operations during this period to avoid business disruptions.
- Management Statement: CEO Mike Williams stated that the new contract offers a fair and reasonable resolution aimed at maintaining job stability for employees while supporting Metallus' future success.
- Company Background: Metallus has over 100 years of experience in high-performance specialty metals manufacturing, achieving $1.1 billion in sales in 2024, demonstrating its strong competitiveness in industrial, automotive, and aerospace markets.
See More
Metallus (MTUS) Union Rejects Labor Agreement, Impacting 1,200 Employees
- Union Vote Outcome: Metallus's union members voted against the second tentative labor agreement on December 18, 2025, despite support from the local bargaining committee and international representatives, indicating employee dissatisfaction with the proposed terms.
- Agreement Overview: The rejected agreement aimed to provide excellent compensation and benefits while ensuring the long-term health of Metallus, but the vote outcome poses greater challenges for the company in future negotiations.
- Employee Coverage: The current agreement covers approximately 1,200 bargaining employees at the Canton, Ohio operations, with the original agreement extended until January 29, 2026, highlighting the urgency in employee management for the company.
- Management Response: CEO Mike Williams expressed disappointment over the vote outcome and reiterated the company's commitment to negotiating in good faith to reach a resolution that supports both employees and the company's future.
See More
