Under the new bargaining arrangement, the parties will begin actual

negotiations for new agreements no later than February 1, 1974. The

contractual discussion will encompass all matters of wages, hours and working conditions, as usual.

The union and the companies agree to refer, by April 15, 1974, unresolved contract issues including wages, to an Impartial Arbitration Panel for decision on or before July 10, 1974. The panel, has the authority to decide all issues referred to it by the parties and to settle any questions about the implementation of its decisions which the parties cannot resolve, no later than midnight, July 31, 1974.

The 10 Coordinating Committee Steel Companies are:

This Experimental Negotiating Agreement, dated March 29, 1973, is between United Steelworkers of America (hereinafter referred to as the "Union") and the Coordinating Committee Steel Companies (hereinafter referred to as the "Companies") and is applicable to Union-represented employees in the plants listed in Appendix A (hereinafter referred to as "employees").

It is highly desirable to provide stability of steel operations, production and employment for the benefit of the employees, customers, suppliers and stockholders of the Companies, and the public. To attain this objective requires that the Union and the Companies settle issues which arise in collective bargaining in such a way as to avoid industry-wide strikes or lockouts or government intervention. The parties are confident that they possess the requisite ability and skills to resolve whatever differences may exist between them in future negotiations through the process of free collective bargaining.

The parties believe that this Agreement will enhance the success of the 1974 negotiations, will avert a strike-hedge steel inventory buildup and will reduce foreign steel imports into the United States.

In view of the foregoing, it is agreed by the Union and the Companies that they will make every effort to resolve through negotiations any differences which may arise in bargaining. After thorough bargaining in good faith the parties may submit any unresolved issue (which is not excluded from arbitration by this Agreement or any subsequent agreement between the parties) to final and binding arbitration by an Impartial Arbitration Panel in accordance with the provisions hereinafter set forth. The submission of any issue to final and binding arbitration shall not preclude the parties from continuing to bargain on such issue prior to the issuance of a decision by the Impartial Arbitration Panel.

A. Strikes and Lockouts:

Except as otherwise provided in Paragraph 5 of Section D of this Agreement, the Union on behalf of the employees agrees not to engage in strikes, work stoppages or concerted refusals to work in support of its bargaining demands, and the Companies agree not to resort to lockouts of employees to support their bargaining positions.

B. Wage Increases:

1.

Effective August 1, 1974, the rates in effect July 31, 1974 shall be increased as follows:

a. Each standard hourly job class rate for nonincentive jobs
shall be increased by 3% of such rate.

b. Each hourly job class rate for incentive jobs shall be
increased by the same cents per hour as the corresponding
standard hourly job class rate for nonincentive jobs with
no increase in the hourly additive.*

2.

3.

4.

Effective August 1, 1975, the rates established by B-1 above shall
be increased as follows:

a.

b.

Each standard hourly job class rate for nonincentive jobs shall
be increased by 3% of such rate.

Each hourly job class rate for incentive jobs shall be increased
by the same cents per hour as the corresponding standard hourly
job class rate for nonincentive jobs with no increase in the
hourly additive.*

c. Each standard salary rate shall be increased by 3%.

Effective August 1, 1976, the rates established by B-2 above shall be
increased as follows:

a. Each standard hourly job class rate for non incentive jobs shall be
increased by 3% of such rate.

b.

Each hourly job class rate for incentive jobs shall be increased by
the same cents per hour as the corresponding standard hourly job
class rate for nonincentive jobs with no increase in the hourly
additive.*

c. Each standard salary rate shall be increased by 3%.

For hourly paid employees covered by basic labor agreements containing base
rates differing from the scales of rates in Appendix A and Appendix A-1 of
the basic labor agreement between United States Steel Corporation and the Union
covering production and maintenance employees in the steel plants, and for
salaried employees covered by basic labor agreements containing base rates
differing from the scale of rates in Appendix A of the basic labor agreement
between United States Steel Corporation and the Union covering salaried employees
in such plants, the base rates shall be increased each August 1 by the same
percentage as set forth above.

The adjustment each August 1 for an employee on a job covered by an existing incentive plan not based on the Incentive Calculation Rate Scale shall be made in the same manner as the adjustments that were made effective August 1, 1971.

C. Bonus:

In consideration of the contribution made by employees to stability of steel operations, each employee as of August 1, 1974, shall receive $150.00 in the pay period next closed and calculated after September 30, 1974. Any dispute as to whether an employee is eligible for a bonus payment will be a proper subject for the grievance and arbitration procedure under the applicable basic labor agreement.

D. The Negotiations and Arbitration:

1. It is the intention of the parties here to that all issues, except as otherwise provided herein, which arise in collective bargaining between the parties shall be either resolved by them or decided by the Impartial Arbitration Panel. In order to achieve this objective:

a. The negotiating teams representing the Union and the Companies will begin negotiations not later than February 1, 1974 for new agreements applicable to employees. If, after the date of this Agreement, a Union-represented bargaining unit becomes covered by a basic labor agreement covering plants listed in Appendix A, because of a provision of such basic labor agreement making it applicable to such unit, such unit shall be added to Appendix A.

b.

Not later than April 15, 1974, the parties shall:

(1)

reach a full settlement agreement on all issues; or

(2) agree that certain specified issues are settled (through collective bargaining or special procedures) and certain other issues will be submitted to the Impartial Arbitration Panel (established in accordance with the provisions of Section E of this Agreement) for final and binding decision; or

(3) withdraw all offers and counter-offers and, except as otherwise provided herein, submit to the Impartial Arbitration Panel for final and binding decision such issues as the parties respectively may urge upon the Panel.

2. If arbitration is required, the parties shall not later than April 20, 1974 submit to the Impartial Arbitration Panel an agreed upon list of issues to be submitted to the Panel or, if no agreement has been reached on such a list, their respective lists or formulations of such issues. Within twenty days thereafter each party shall submit to the Panel and to each other a detailed written statement supporting its position on the issues before the Panel for determination. Within ten days subsequent to the filing of written statements of position with the Panel, the parties may file with the Panel and exchange written replies to each other's statements, which shall be restricted to responses to the other party's written statement. Subsequent to the receipt of the written statements of position and replies, the Panel shall conduct hearings and shall render its decisions in accordance with Paragraphs 4, 5 and 6 of Section E of this Agreement.

3. Prior to the commencement of hearings by the Panel, representatives of the parties shall meet with the Chairman of the Panel and establish procedures to be followed at the hearings with respect to the following matters: (i) order of presentation, (ii) allocation of time for presentation, (iii) designation of persons to present and comment on parties' positions, and (iv) such other procedural matters as the Chairman and the aforementioned representatives may agree upon.

4. The Panel's decision shall be rendered not later than midnight, July 10, 1974. Subsequent to the issuance of the Panel's decision, the parties shall have until midnight, July 20, 1974, to reach agreement as to any contract language and any other steps required to implement the Panel's decision. Absent final agreement by the parties by July 20, 1974, as to such language or other implementing steps, either party may immediately refer any such unresolved questions to the Panel which shall make a final and binding determination on such questions on or before midnight, July 31, 1974.

A local collective bargaining issue is an issue entered at plant level, proposing establishment of or change in a condition of employment at that particular plant which:

(1) would not, if adopted, be inconsistent with any pro

vision of a company agreement (as defined below) or involve any addition to or modification of any such provision or agreement;

(2) would not be an arbitrable grievance as defined in

the applicable basic labor agreement; and

(3) does not relate to a grievance settlement or an arbitration award; provided, however, this subparagraph (3) does not apply to nonarbitrable grievances.

Subparagraph (2) above shall not exclude an issue which involves a local agreement or practice relying for enforceability on Section 2-B of the basic labor agreements between United States Steel Corporation and the Union and its counterpart provisions in the agreements of the other Companies.

The term "company agreement" means any basic labor agreement and all related appendices, understandings, or agreements, including those covering pensions, insurance, SUB or SVP, which contain the kinds of provisions, although not in identical language, included in such agreements between the International Union and the United States Steel Corporation. Any provision of a company agreement that is solely applicable to a particular plant and is not the kind of provision contained in such agreements between the International Union and the United States Steel Corporation shall not be considered part of a company agreement for the purpose of this definition.

b. Procedure for disposition

The parties shall make every effort to settle local collective bargaining issues and in order to achieve this objective shall proceed as follows:

(1) Discussions with respect to these issues shall commence at plant level at such time as the parties locally shall deem necessary but in no event later than April 1, 1974. This date shall likewise be the cutoff date and no additional issues, except for those issues which thereafter arise as a result of changed conditions, may subsequently be initiated by either party under the procedures of this Agreement at the plant level.

(2) Any local issue not disposed of by May 1, 1974 shall be referred to and dealt with by the respective Chairmen of the Union-Company negotiating committee.

(3) Should any such issue or issues initiated by the Union remain unresolved as of June 10, 1974, the Union Co-Chairman shall decide whether the issue or issues shall be withdrawn or put to a secret ballot vote available to all employees at that plant as defined in Appendix A, who worked or were on vacation in the last pay period closed on or before June 10, 1974. Such election, to be valid, must take place no later than June 30, 1974. Every such eligible employee shall be entitled to a ballot furnished by the International Union and appropriate ballot boxes, properly supervised, will be made available for the casting of such ballots. Such ballots shall be collected and counted by tellers selected in conformance with International Union procedures. If a majority of those voting vote in favor of a strike, and if the matter is not otherwise