• Skip to main content

    Market Segment

    September 26, 2025

    White House confirms use of 'golden share' to intervene at Granite City: Report

    Written by Ethan Bernard

    The White House confirmed it stepped in to block the halting of steel processing at U.S. Steel’s Granite City Works in Illinois, according to media reports.

    “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, according to an AP article on Sept. 22.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

    Latest in Market Segment