US Steel and the United Steelworkers have mutually agreed to extend the collective bargaining agreements that were scheduled to expire on 1 September start. US Steel said “Negotiations are ongoing, and our company will continue working with the USW in good faith to reach a mutually agreeable conclusion that is both responsible and Best for All. Details of US Steel's current proposal can be found by clicking here. We believe this proposal allows our company and our valued employees to capitalize both now and over the next four years on recent successes made possible by our strong long-term partnership with the USW.”US Steel added “As our work at the negotiating table continues, we appreciate all of our employees for staying focused on the things that will help us achieve our long-term goal of delivering profitable, sustainable steel solutions that are best for people and planet. When we do well, you do well, as evidenced by the significant financial rewards you’ve earned over the last 18 months. We continue to encourage you to reach out to your USW representative with any questions or comments on the proposal. We respect their role in the process. Thank you to the hardest working team in our industry.”US Steel is offering 3% annual pay rise for 3 years followed by a raise of 4%, which is less than provided in a tentative agreement between the USW and steelmaker Cleveland-Cliffs, which promised 8% raise followed by three years of 4% raises.