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US Steel is shutting down a mill in Illinois. Its deal with Trump won’t let it fire its 800 workers - for now
US Steel is shuttering production at a mill in November, but its hundreds of workers will keep their jobs – for now – thanks to an agreement the company reached with the Trump administration. US Steel will stop producing steel at its Granite City, Illinois, mill at the end of October, but the 800 workers at the plant will stay on the job, maintaining equipment, until at least 2027. That’s due to the structure of the deal the company reached with President Donald Trump to allow its purchase by Japanese steelmaker Nippon Steel. The agreement included various job protections and production guarantees. “US Steel ... (full story)
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- Sep 8, 2025 1:03pm Posted byFundamental Analysis226
