Article: United States: 6 months after USW deal, steel is in a slump.

Byline: sanjayV03

When United Steelworkers union officials rounded up the press Sept. 9 to tout their historic labor agreement with U.S. Steel, evidence of a prosperity the Rust Belt industry hadn't experienced in decades abounded.

Domestic mills were operating at nearly 90 percent of capacity. Commodity sheet steel was selling for $1,000 a ton, pricing that would generate $1.3 billion in third-quarter operating profits for U.S. Steel. The Pittsburgh producer was preparing to spend $1 billion to update its Clairton coke plant, an expenditure topped by Allegheny Technologies' $1.2 billion investment in its Brackenridge plant.

The USW's contract ...

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