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PITTSBURGH (KDKA) — U.S. Steel and the United Steelworkers have agreed to an ongoing extension of the collective bargaining agreements that were scheduled to expire Saturday night.

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U.S. Steel says they believe the extension is “in the best interest of our employees, customers, stockholders and other stakeholders.”

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United Steelworkers have not yet released a statement. The union has been threatening to strike over U.S. Steel’s contract terms.

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