United States Steel is likely to cease processing steel slabs at Granite City Works in Illinois, according to news reports, marking the company’s first major operational shift since Nippon Steel acquired the storied steelmaker just three months ago.
U.S. Steel, now fully owned by Nippon Steel, said it's likely to end production at the plant in November, but it won’t lay off any workers there or reduce their pay, according to the Associated Press.
The AP report indicates the workers will be able to keep their jobs until at least 2027, as outlined in a national security agreement between Nippon Steel and the administration of U.S. President Donald Trump.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.