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U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.
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A separate deal to sell both blast furnaces in the Metro East town has been on the back burner, which union officials believe will cost hundreds of jobs. If the U.S. Steel sale is dead, some worry what’s in store for Granite City.
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Industrious Labs, a Washington D.C.-based climate advocacy nonprofit, found that SunCoke Energy’s Metro East facility, located adjacent to Granite City Works, could be responsible for $87 million to $161 million in total health costs every year.
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The Japanese-based Nippon Steel Corp. agreed to purchase U.S. Steel, parent company of the Metro East mill, for $14.1 billion. The deal won’t close until the middle of 2024.
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On Tuesday, U.S. Steel sent more than 1,000 notices to employees, warning of potential layoffs. However, Local 1899's president said Wednesday he expects the number to be closer to the 400 who have already lost their jobs.
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The move comes after steelmaking was partially idled at the Granite City plant in October, leading to roughly 400 temporary layoffs. Company leaders now tell workers they can meet steel demand through their other plants.
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A pending corporate deal would permanently shut down steelmaking operations at the mill in Granite City, cutting an estimated 1,000 jobs.
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Updated 12:30 p.m., April 27, with CEO comments — There is still no firm timeline for production to resume at the U.S. Steel plant in Granite City. The…
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Members of the United Steelworkers are pressing U.S. Rep. Mike Bost of southern Illinois to vote against legislation that would fast-track a…
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The price of steel pipes and tubes are at the center of a rally in Granite City Friday afternoon.It's one of six rallies planned around the U.S. this…