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Trump Uses ‘Golden Share’ to Halt U. S. Steel Granite City Shutdown
09/22/2025 - U.S. president Donald Trump used his ‘golden share’ rights to stop United States Steel Corporation from idling operations at its Granite City Works plant, the Wall Street Journal reported.
U. S. Steel had previously informed Granite City workers the plant would close in November 2025, but they would still be paid. The Journal reported U.S. Commerce Secretary Howard Lutnick delivered the message to Dave Burritt, chief executive officer of U. S. Steel, the administration wouldn’t allow it.
“The administration did intervene to block U.S. Steel’s decision to idle the Granite City Works plant, with the threat of the president invoking his golden share authority,” the White House said.
U. S. Steel reversed its decision Friday, 19 September. In a statement, a U. S. Steel spokesperson said it would continue to supply raw steel slabs to Granite City “indefinitely.”
“Our goal was to maintain flexibility, and we are pleased to have found a solution to continue slab consumption at Granite City,” wrote U. S. Steel in a statement.
“The administration did intervene to block U.S. Steel’s decision to idle the Granite City Works plant, with the threat of the president invoking his golden share authority,” the White House said.
U. S. Steel reversed its decision Friday, 19 September. In a statement, a U. S. Steel spokesperson said it would continue to supply raw steel slabs to Granite City “indefinitely.”
“Our goal was to maintain flexibility, and we are pleased to have found a solution to continue slab consumption at Granite City,” wrote U. S. Steel in a statement.
