Cleveland-Cliffs Inc. announced on August 29 that it has reached a tentative agreement with the United Steelworkers (USW) on a new 3-year labor agreement. The new contract will cover approximately 430 USW-represented workers at Cliffs’ Northshore mine in Minnesota.

“The United Steelworkers have demonstrated their unwavering support of Cleveland-Cliffs throughout the years, and this new labor agreement for Northshore further strengthens our collaborative partnership,” said Lourenco Goncalves, chairman, president and CEO for Cliffs. 

The agreement is pending ratification by USW local union membership. No additional details were released at this time pending ratification.

Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The company is the largest supplier of steel to the North American automotive manufacturing industry.