MetalCrawler’s latest news today includes an agreement in the oil strike that’s had managers camping in at a refinery in Toledo, Ohio.
Low prices and cheap imports have caused a Minnesota iron ore operation to be shut down and Ford Motor Co.’s aluminum-bodied F-150 truck is enjoying sales success.
Steelworkers Reach Agreement With Shell in Oil Strike
The United Steelworkers of America said Thursday that a tentative agreement has been reached on a new four-year contract with Shell Oil, a first step toward ending the first major strike against the oil industry in 35 years that includes 1,100 workers at the BP Whiting Refinery in Northwest Indiana.
According to the union, the tentative settlement, which is a pattern agreement for the industry, includes wage increases as well as improvements on safety issues and routine maintenance.
U.S. Steel Shuts Down Minnesota Iron Ore Operation
U.S. Steel said it will lay off workers and shut down an iron ore plant in Keewatin, Minn., which ships ore to U.S. Steel mills as it continues to fight lower-priced, surging imports and declining demand in the energy sector, saying it will temporarily idle one of its iron-ore operations in Minnesota, affecting 412 workers.
Aluminum-Bodied F-150 Selling Well
Officials say the aluminum-bodied Ford F-150 pickup truck has sold well, though a lack of inventory through the changeover has dragged on Ford’s overall sales. The Toledo Blade reports that Ford officially will officially launch F-150 production at its Kansas City Assembly Plant. Ford says it will be able to build about 700,000 trucks per year between Kansas City and its Dearborn, Mich., plants.