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The Latest Breaking News from US Steel

U.S. Steel pledges up to $2.5 billion in upgrades to Mon Valley Works

U.S. Steel plans to invest up to $2.5 billion into upgrades to its Mon Valley Works, which it forecasts will generate $1.7 billion for the state, according to a Monday report from the steelmaking giant

The Independent UK

Federal agency flags safety shortcomings that 'exposed' workers to explosion at US Steel plant

A federal safety agency investigating an August blast at a U.S. Steel plant near Pittsburgh that left two workers dead says it found safety shortcomings that “exposed” employees to the explosion

The Independent UK

Takeaways from AP and Public Source's report on pollution and safety issues at Pittsburgh coke plant

Last year, an explosion at U.S. Steel’s Clairton Coke Works outside Pittsburgh killed two U.S. Steel workers and injured 11 others, including contractors

The Independent UK

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After deadly explosion at US Steel mill outside Pittsburgh, maintaining safety now falls to Nippon

Last year, an explosion at U.S. Steel's Clairton Coke Works outside Pittsburgh killed two U.S. Steel workers and injured 11 others, including contractors

The Independent UK

Six months after explosion, Pennsylvania mill town sees hope but a history of disappointment

Six months ago, an explosion at the U.S. Steel Clairton Coke Works killed two people

The Independent UK

The 9 most disruptive deals of Trump's first year back in office

President Trump's unorthodox dealmaking style has left the business community scrambling to adapt.

Fortune

US Steel CEO Says 'Golden Share' Doesn't Restrict Operations After Trump Approval

US Steel CEO says the company's golden share agreement after Trump approval does not limit operations, jobs, or future growth plans.

International Business Times

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Republican Socialism: Trump Is Taking Federal Stakes in Private Companies

The Trump administration's pivot toward socialism did not come without warning.

Reason

Is Trump a Socialist?

Donald Trump’s new stock-buying strategy isn’t socialism, but it is a step toward a government-controlled economy.

Reason

US Steel details plans to invest $11 billion by 2028 across all business segments

United States Steel on Tuesday detailed an $11 billion growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker

The Independent UK

The GOP's 'Capitalism' is Central Planning with MAGA Branding

Socialism is government control of the means of production. When the government becomes your largest shareholder, that's a strong first step.

Reason

Heavy Hand: Free-market US Tested As Trump Takes Stakes In Private Companies

The Trump administration is in talks to take an equity stake in Lithium Americas, which would insert the government into another private enterprise in the latest challenge to American free-market traditions.

International Business Times

The White House says it blocked US Steel's decision to stop processing steel at Illinois plant

The White House says it intervened to block a decision to stop processing raw steel at U.S. Steel’s Granite City Works plant in Illinois

The Independent UK

Trump Halts US Steel Plant Closure Using 'Golden Share' Authority: Report

President Donald Trump has exercised his administration’s “golden share” authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois.

Benzinga

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Fortune

Trump is already wielding his 'golden share' authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says

This marks the latest move by the administration to exert power over private industry.

Kiplinger

Trump's Economic Intervention

What to Make of Washington's Increasingly Hands-On Approach to Big Business

Capital & Main

Before the U.S. Steel Explosion, a Legacy of Cost-Cutting and Broken Promises

Canceled upgrades, insufficient maintenance and political lobbying preceded deadly explosion at Pennsylvania’s aging steel plant.

Fortune

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

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The Independent UK

Trump administration considers 10% stake in Intel to rescue embattled chip maker: reports

Talk of a potential U.S. share in the chip maker comes after Trump called on the CEO of Intel to resign earlier this month over his China ties

The Independent UK

Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

The explosion this week at U.S. Steel's Pittsburgh-area plant has reignited debate about its future

The Independent UK

Gas valve failure during routine maintenance work may have led to fatal explosion, US Steel says

U.S. Steel says preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead, sent 10 to hospitals and damaged part of the sprawling facility

Reason

Intel Is Reportedly the Latest Company Trump Wants a Piece Of

Since returning to office in January, Trump has floated several deals that would involve the feds taking a piece of an American company.

The Independent UK

Air quality concerns linger in the wake of steel plant explosion in Pennsylvania

Allegheny County is increasing air quality monitoring after an explosion at a U.S. Steel plant south of Pittsburgh killed two people and injured more than 10 others

The Independent UK

Who is Ethan Guo? The teenage influencer trying to fly across all seven continents solo

Authorities say 19-year-old landed his small plane illegally in Chilean territory and he was charged on June 29 with handing false information to ground control and landing without authorization

The Independent UK

Dad of three was killed in Pennsylvania steel plant explosion and his sister is demanding answers on lack of information

Timothy Quinn, a father of three who worked at the U.S. Clairton Coke Works plant, was one of two victims in an explosion at the plant on Monday.

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