U.S. Steel Announces Plans To Sell All Or Part Of Company, USW Union Reacts
GRANITE CITY - United States Steel, a publicly traded company, announced on Sunday it has launched a strategic review to consider selling all or part of the company. News of the potential sale comes just after U.S. Steel announced it would partner with Google Cloud to use artificial intelligence technology at iron ore facilities in Minnesota. United States Steel operates a plant in Granite City and three plants in southwestern Pennsylvania and has its corporate offices there. David Burritt, the president and CEO of U.S. Steel, said recently the company was “extremely well positioned for what we believe will be the best American steel market in a generation." U.S. Steel reported second-quarter earnings of $477 million. Granite City Mayor Mike Parkinson said he still needed to review the U.S. Steel message and would make a statement on Tuesday. Dan Simmons, USW Local Union 1899 president, released the following statement about the U.S. Steel announcement: “We at the office
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