U.S. Steel faces plant closures, explosions, and Trump’s tariffs, amid ongoing struggles to stay competitive in a shifting global market.
U.S. Steel has announced it will continue supplying slabs to its Granite City plant after White House intervention using the 'golden share' authority. This move follows earlier plans to cease operations, amid ongoing negotiations and union opposition. The decision impacts employment and production strategies at the plant.
British steel companies Unimetals and British Steel are heading toward liquidation amid financial struggles and failed buyout attempts. The government monitors the situation closely, as the industry faces ongoing challenges from global market pressures and political tensions. The collapse could threaten thousands of jobs.