ArcelorMittal reports 1 mln T steel hit from Mexico strike

Reuters
2024.07.19 15:53
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MEXICO CITY, July 19 (Reuters) - ArcelorMittal’s Mexican unit has lost an estimated 1 million metric tons in steel output due to a strike at its Lazaro Cardenas facilities, the company said in a statement.ArcelorMittal said on Thursday that the 55-day blockade ended after workers approved a new settlement that includes an 8% pay hike for employees and review of their collective bargaining agreement, but warned on Friday morning that some workers had continued to block the facilities.

MEXICO CITY, July 19 (Reuters) - ArcelorMittal’s Mexican unit has lost an estimated 1 million metric tons in steel output due to a strike at its Lazaro Cardenas facilities, the company said in a statement.

ArcelorMittal said on Thursday that the 55-day blockade ended after workers approved a new settlement that includes an 8% pay hike for employees and review of their collective bargaining agreement, but warned on Friday morning that some workers had continued to block the facilities.

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