The U.S. blocked United States Steel's plan to stop production at a plant in Illinois, according to a Trump administration official, a move highlighting the federal government’s continued influence over an iconic American firm after approving its takeover by Japan-based Nippon Steel.
The action, first reported by the Wall Street Journal on Friday, was confirmed by an official on condition of anonymity.
"U.S. Steel will continue to supply slabs to Granite City,” the company said in a statement Friday. "As we shared earlier, our goal was to maintain flexibility, and we are pleased to have found a solution to continue to slab consumption at Granite City.”
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