AGREEMENT - USW Local 1010

1 AGREEMENTBETWEENMITTAL STEEL USAAND THEUNITED STEEL, PAPER ANDFORESTRY, RUBBER,MANUFACTURING, ENERGY,ALLIED INDUSTRIAL ANDSERVICE WORKERSINTERNATIONAL UNIONNOVEMBER 13, 2005(i)TABLE OF CONTENTS Page(s)BASIC LABOR AGREEMENTARTICLE ONE Section A. Parties to the Section B. Term of the TWO UNION Section A. Recognition and Section B. Union Membership and Dues Section C. PAC and SOAR Section D. Section E. Section F. Bargaining Unit Section G. Printing of Section H. Hiring THREE HEALTH, SAFETY, AND THE Section A. Employee and Union Section B. The Right to a Safe and Healthful Section C. The Right to Refuse Unsafe Section D.

2 The Right to Adequate Personal Protective Section E. The Right to Safety and Health Section F. The Right to a Proper Medical Program for Workplace Section G. The Right to a Reasonable Policy on Alcoholism and Section H. The Union s Right to Participate in a Joint Safety and Section I. The Union s Right to Participate in a Joint Section J. The Right to Union Safety and Health Section K. The Union s Right to Participate in Accident Section L. Carbon Monoxide Control, Toxic Substances and Harmful Section M. Section N. Safety Shoe Section O. No Union FOUR CIVIL Section A. Section B. Civil Rights (i) Section C. Workplace Harassment, Awareness and Section D.

3 Child Care, Elder Care and Dependent FIVE WORKPLACE Section A. Local Working Section B. New or Changed Section C. Hours of Section D. Section E. Section F. Section G. Permanent Section H. Manning of New Section I. Adjustment of Section J. Management Section K. Prohibition on Strikes and SIX JOINT Section A. Section B. Public Policy Section C. Contract Section D. New Employee SEVEN A. Workforce Training B. Institute for Career EIGHT EARNINGS A. Employment B. Supplemental Unemployment C. Severance D. Interplant Job NINE ECONOMIC A. B. Incentive C. Shift D.

4 Sunday E. Profit F. Inflation Recognition (ii)-1-ARTICLE TEN PAID TIME OFF AND LEAVES OF Section A. Section B. Section C. Bereavement Section D. Jury or Witness Section E. Leave of Absence for Employment with the Section F. Service with the Armed Section G. Family and Medical Leave ELEVEN CORPORATE Section A. Board of Section B. Investment Section C. Section D. Right to Section E. Executive Section F. North American A - B - LETTERS CONCERNING MISC C - OFFICE AND (applicable to Employees hired after the Effective (k) SAVINGS REGARDING USW REPRESENTED FORMERINLAND ISPAT (ii)-1-ARTICLE ONE - AGREEMENTS ection A.)

5 Parties to the Agreement1. This AGREEMENT , dated as of December 15, 2002; June 16, 2003 for the Employees of the former Bethlehem Steel Corporation facilities; and November 13, 2005 for the former Employees of Ispat Inland (the Basic Labor AGREEMENT , BLA, or the AGREEMENT ), is between NEWCO (or the Company as further defined below) and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, or its successor (the Union or USW or United Steelworkers) on behalf of the Employees of the Company (as defined in Article Two, Section A (Coverage) at its facilities in Hennepin, Illinois (ISG Hennepin), East Chicago, Indiana (ISG Indiana Harbor), Cleveland, Ohio (ISG Cleveland), Warren, Ohio, (ISG Warren))

6 And Riverdale, Illinois (ISG Riverdale), Burns Harbor, Indiana (ISG Burns Harbor), Sparrows Point, Maryland (ISG Sparrows Point), Conshohocken, Pennsylvania (ISG Conshohocken), Coatesville, Pennsylvania (ISG Coatesville), Steelton, Pennsylvania (ISG Steelton), Lackawanna, New York, (ISG Lackawanna), Indiana Harbor Works (Ispat Inland) and Minorca Mine (Ispat Inland). 2. Except as otherwise provided in this AGREEMENT , the Company shall include any current or future Affiliate of NEWCO. a. An Affiliate shall mean any business enterprise that Controls, is under the Control of, or is under common Control with ISG. b. Control of a business enterprise shall mean possession, directly or indirectly of either; (1) fifty percent (50%) of the equity of the enterprise; or (2) the power to direct the management and policies of said enterprise.

7 3. Except as otherwise provided in this AGREEMENT , the Company shall exclude the Parent (the publicly-traded entity) and those of its Affiliates that are neither domiciled nor do business in the United States (Excluded Entities) and the current affiliates of Ispat Inland associated with its investment in I/N Tek and I/N B. Term of the AGREEMENT 1. The effective date of the AGREEMENT shall be December 15, 2002, (the Effective Date) except as otherwise expressly Except as otherwise provided below, this Basic Labor AGREEMENT shall terminate at the expiration of sixty (60) days after either party shall give written notice of termination -2--3-to the other party, but in any event shall not terminate earlier than September 1, 2008 (the Termination Date).

8 3. If either party gives such notice, it may include therein notice of its desire tonegotiate with respect to insurance, pensions, successorship and supplementalunemployment benefits. If the parties do not reach AGREEMENT with respect to such matters by the Termination Date, either party may thereafter resort to strike or lockout, as the case may be, in support of its position with respect to such matters, as well as any other matter in dispute. This Paragraph shall apply to all such matters, including insurance, pensions, successorship and supplemental unemployment benefits, notwithstanding any contrary provision of existing agreements on those Any notice to be given under this AGREEMENT shall be given by certified mail and shall be postmarked by the required date.

9 Mailing of notice to the Union should beaddressed to the United Steelworkers of America, Five Gateway Center, Pittsburgh, Pennsylvania 15222; mailing of notice to the Company should be addressed to 1 S. Dearborn Street, 19th Floor, Chicago, IL 60603. Either party may, by like written notice, change the address to which certified mail notice shall be given. ARTICLE TWO UNION SECURITYS ection A. Recognition and Coverage1. The Company recognizes the Union as the exclusive representative of a bargaining unit made up of production, maintenance, office, technical and clerical employees of the Company, excluding only managers, confidential employees, supervisors and guards as defined under the National Labor Relations Act.

10 Individuals in the bargaining unit shall be known as Employees. Individuals who are employed by the Company and are not in the bargaining unit shall be known as non-bargaining unit employees. Individuals who are in the bargaining unit and those who are not in the bargaining unit shall be known collectively as employees. 2. Except as expressly provided herein, the provisions of this BLA constitute the sole procedure for the processing and settlement of any claim by an Employee or the Union of a violation by the Company of this AGREEMENT . As the representative of the Employees, the Union may process grievances through the grievance procedure, including arbitration, in accordance with this BLA or may adjust or settle When the Company establishes a new or changed job whose duties include a material level of production, maintenance, office, technical or clerical work; the resulting job shall be considered a job covered within the bargaining unit.