U.S. Steel Re-Opening Granite City Plant, Immediately Bringing Back 500 Jobs
U.S. Steel is returning to Granite City, and bringing back 500 jobs, according to a news release from the company Wednesday.
President of United Steelworkers International Leo Gerard broke the news on FOX News Channel Wednesday morning, as he spoke of the immediate impacts of President Trump's newly-imposed tariffs on steel and aluminum imports.
U.S. Steel announced Wednesday that one of the two Granite City blast furnaces it was forced to idle nearly three years ago will go back online as soon as this month, bringing 500 jobs immediately. More than 2,000 people were laid off in late 2015, when Granite City Steel was shut down.
U.S. Steel says Trump's 25% tariff on steel being imported from countries like China, South Korea, India, and Brazil will create an immediate demand inside the United States. Gerard told FOX News that countries like China especially have been "dumping" steel in the U.S. to force prices down.
U.S. Steel president and CEO David Burritt says Trump's action "recognizes the significant threat steel imports pose to our national and economic security."
Trump has said the tariffs are needed to preserve American industries and protect national security.