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flag The U.S. blocked U.S. Steel’s closure of its Illinois plant to save 800 jobs, using rare federal authority.

flag The Trump administration blocked U.S. Steel’s plan to close its Granite City, Illinois plant, using its rare "golden share" authority to preserve nearly 800 jobs. flag The decision, confirmed by a senior official and reported by the Wall Street Journal, prevents the shutdown despite the facility’s ownership by Japan’s Nippon Steel. flag The move ensures continued production of steel slabs for a downstream customer and reflects broader federal efforts to protect U.S. manufacturing, ensure supply chain resilience, and maintain economic stability in key industrial regions. flag While U.S. Steel welcomed the outcome, the intervention highlights growing government influence in corporate decisions tied to national security and economic interests, potentially setting a precedent for future federal involvement in critical industries.

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