ArcelorMittal USA begins ‘asset preservation’

Aug 27, 2012 | 02:46 PM | Chris Prentice

Tags  Arcelormittal, United Steelworkers union, USW, labor agreement, negotiations, strike, union lockout, Chris Prentice

NEW YORK — ArcelorMittal USA Inc. remains "optimistic" about reaching a new contract with unionized workers by the end of the week, even as it has begun to take "precautionary" steps ahead of a possible labor disruption at its mills.

"As a precautionary measure and consistent with measures taken during past labor negotiations, ArcelorMittal has recently begun the process of taking asset preservation steps at its facilities should a work stoppage occur," a company spokesman told AMM in an e-mail.....

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