Post Views: 377 US Steel Granite City Federal Action Reverses US Steel’s Granite City Shutdown Plan In a significant policy shift, US Steel will keep its Illinois plant running after U.S. government intervention. The facility, located in southern Illinois, had been set to reduce steel rolling operations under new owner Nippon Steel, a Japan-based company. However, the U.S. Department of Commerce exercised its rarely-used “golden share” to block the move, citing national security concerns. This decision comes amid rising scrutiny of foreign investments in strategic U.S. industries. According to AP News, the White House took direct action under a recent national security agreement with Nippon Steel. Commerce Secretary Howard Lutnick reversed US Steel’s earlier decision, preventing layoffs and keeping slab processing active at the Illinois site. Although the Granite City mill has not produced hot steel since 2023, it continues to roll and finish imported slabs. This makes it a...
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