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News From USW: USW Response to Sale of Sparrows Point Mill by ArcelorMittal.

Business Wire

| August 02, 2007 | COPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Purchase by Joint Venture of Esmark, Wheeling-Pittsburgh Affirmed

PITTSBURGH -- News From USW: Leo W. Gerard, International president of the United Steelworkers (USW) affirmed today's announcement on the sale of the steel mill in Baltimore of the Sparrows Point Plant of ArcelorMittal USA to Esmark.

"We have been closely monitoring ArcelorMittal's bid solicitations for the sale of Sparrows Point due to Justice Department's orders. We are looking forward to our growing relationship with Esmark and their commitment to invest in the acquisition. We have full confidence that the Esmark venture will grow steelworker jobs in Baltimore and fulfill the commitments to the retirees."

David McCall, USW chair of the ArcelorMittal bargaining committee, said negotiations with both the seller and the new buyer will be initiated and resolved in the very near future. "We should be able to reach an agreement that meets all of the commitments required by our ...

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