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U.S. Steel to idle Granite City furnace B, blames UAW strike; steelworkers union rejects blame

1 week ago
United States Steel Corp. is temporarily idling furnace B at its Granite City steel plant, the company said Monday. According to a statement from a U.S. Steel spokeswoman, the move is "risk mitigation" in response to the United Auto Workers (UAW) strike that began last week. "As a result, we have decided to temporarily idle blast furnace β€˜B’ at Granite City Works and are reallocating volumes as needed to other domestic facilities to efficiently meet customer demand," the statement said. United…
Mark Maxwell and Sam Clancy

Layoffs loom as United Auto Workers strike continues

1 week ago
United Auto Workers International President Shawn Fain was on "Face The Nation" on Sunday. He said members are "fed up with falling behind." In Wentzville, KSDK learned that this strategic strike plan could cause temporary layoffs to non-striking workers because the Missouri plant is a stamping plant, meaning it helps provide other plants with parts. And with no parts, employees at other plants could soon join their fellow UAW workers on the picket lines. The GM Fairfax assembly plant in Kansas…
Diamond Palmer

St. Louis public company gets warning from NYSE for low share price

1 week 2 days ago
The Creve Coeur-based food technology company said late Friday it has received a non-compliance notice from the New York Stock Exchange because its average closing share price fell below the exchange's required $1-per-share minimum for a 30-day period. The notice follows the company's announcement last month that it has hired an adviser to β€œexplore strategic alternatives."
Nathan Rubbelke