All articles tagged with #illinois plant
Originally Published 3 months ago — by Yahoo Finance
The White House intervened to prevent US Steel from shutting down processing at its Illinois plant, citing national security concerns linked to a deal with Nippon Steel, and indicated it would exercise its 'golden share' authority to keep the plant operational.
Originally Published 3 months ago — by AP News
The White House intervened to prevent US Steel from shutting down its Granite City Works plant in Illinois, citing a national security agreement with Nippon Steel that allows the government to influence key decisions. US Steel had initially planned to cease processing steel at the plant but reversed course after the intervention, though the details of their solution remain undisclosed. The move underscores ongoing government involvement in domestic steel industry decisions under the security agreement.