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2h ago

U.S. Steel Keeps Granite City Processing After Reversal Following Reported White House Intervention

Reports indicate the White House used new golden‑share veto power tied to Nippon Steel’s takeover to prevent a planned shutdown.

FILE - Rolls of finished steel are seen at the U.S. Steel Granite City Works facility Thursday, June 28, 2018, in Granite City, Ill. (AP Photo/Jeff Roberson, File)
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U.S. President Donald Trump visits U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. REUTERS/Leah Millis/File Photo
President Donald Trump used this power to halt a planned plant shutdown in Granite City, Ill., The Wall Street Journal first reported.

Overview

  • U.S. Steel said Granite City Works will continue consuming slabs and processing steel "indefinitely," adding it had found a solution but offering no details.
  • The company had told workers it would halt processing to maintain future flexibility, with notices indicating a November stoppage even as about 800 employees would remain on payroll under protections through 2027.
  • The Wall Street Journal reported Commerce Secretary Howard Lutnick warned CEO David Burritt the administration would not allow operations to cease, citing the deal’s golden‑share authority.
  • United Steelworkers criticized management for trying to sidestep commitments from the Nippon Steel agreement and said it mobilized political support, while U.S. Steel said it remains in compliance.
  • The national‑security pact that cleared Nippon Steel’s $14.1 billion purchase grants government veto rights over closures and requires major U.S. investments, and Granite City’s blast furnaces were previously idled in 2019 and 2023.