U.S. Steel's Granite City Furnace Closure Sparks Mass Layoffs

1 min read
Source: St. Louis Post-Dispatch
U.S. Steel's Granite City Furnace Closure Sparks Mass Layoffs
Photo: St. Louis Post-Dispatch
TL;DR Summary

U.S. Steel has announced that the last operating blast furnace at its Granite City plant in Illinois will remain idled indefinitely, extending a closure that was initially temporary. The company has also notified an additional 600 employees that they may lose their jobs. The fate of the plant has been uncertain since last summer when U.S. Steel revealed plans to sell a portion of the facility, potentially eliminating nearly 1,000 jobs. The closure is attributed to softening demand from the automotive industry and the need to balance production with customer demand.

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