US Steel to Pay Record Profit-Sharing Bonuses on Record Earnings

Surrounded by steel and aluminum workers, President Donald Trump signs a Section 232 proclamation on steel imports at the White House on Mar. 8, 2018. Trump ordered a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. CHIP SOMODEVILLA/GETTY IMAGES

U.S. Steel employees will receive a record second-quarter amount in profit-sharing as the company reported a strong performance for the period.

According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. That translates to bonus checks exceeding $14,000 for the three-month period ended June 30, U.S. Steel spokesperson Amanda Malkowski said, according to The Times of Northwest Indiana.