Is U.S. Steel Granite City operating?
Is U.S. Steel Granite City operating? Granite City Steel was bought by U.S. Steel in 1927, who has operated it since. From 2015 to 2018, the plant was idled due to falling prices, slowing demand and competition from abroad; this move caused the loss of 1,800 jobs. It restarted in June 2018 after increasing demand, bringing back 800 jobs. Why did Granite City Steel close? In a statement U.S. Steel spokesperson Amanda Malkowski said the layoffs were due to “challenging market conditions.” “We've been battling challenging market conditions, which means we need to truly become a leaner, more efficient organization...