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Eugene

(66,436 posts)

1. The White House says it blocked US Steel's decision to stop processing steel at Illinois plant

Reply to BumRushDaShow (Original post)

Mon Sep 22, 2025, 07:47 PM

Sep 22

The White House says it blocked US Steel's decision to stop processing steel at Illinois plant (Associated Press)

HARRISBURG, Pa. (AP) — The White House said Monday that it intervened under the terms of a three-month-old national security agreement with Japan-based Nippon Steel to block a decision to stop processing raw steel at U.S. Steel's Granite City Works plant in Illinois.

In a statement, the White House said Commerce Secretary Howard Lutnick delivered the message that President Donald Trump would exercise his so-called “golden share” power that was a key element in the Trump administration's decision to allow Nippon Steel to buy out U.S. Steel.

https://finance.yahoo.com/news/white-house-says-blocked-us-173637108.html

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US Steel changes course, will keep processing raw steel at Granite City plant in IL [View all] BumRushDaShow Sep 20 OP

The White House says it blocked US Steel's decision to stop processing steel at Illinois plant Eugene Sep 22 #1