Trump Uses 'Golden Share' Authority to Prevent Closure of US Steel Plant: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 21 2025
0mins
Source: Benzinga
Golden Share Authority: President Trump utilized his administration's "golden share" authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois, which employs 800 workers, following Nippon Steel's acquisition of U.S. Steel.
Intervention by Commerce Secretary: Commerce Secretary Howard Lutnick intervened to ensure operations at the plant continued, criticizing U.S. Steel's plan to pay idle workers and prompting the company to reverse its decision to close the facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
