Feinsinger was appointed chairman of a three-member mediation panel by Mayor Robert F. Wagner, Jr. and Mayor-elect John Lindsay.
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Feinsinger convinced United Steelworkers of America president Philip Murray to call off a strike set for January 1, 1952, in favor of a 90-day voluntary cooling-off and fact-finding period.
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On June 2, in a landmark decision, the United States Supreme Court ruled in Youngstown Sheet & Tube Co. v. Sawyer, 343 U.S. 579, that the president lacked the authority to seize the steel mills.
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Although the city won an injunction against the strike and jailed the union's 61-year-old ailing president, Mike Quill, Feinsinger quickly led both sides into a rapid series of give-and-take bargaining sessions which ended the bitter wintertime strike after just 13 days.
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