en.Wedoany.com Reported - U.S. Steel, the operating division of Japan's Nippon Steel Corporation (NSC), announced the successful restart of the B Blast Furnace at its Granite City Works facility in Granite City, Illinois. This restart, based on customer demand and as part of the company's regular business planning, has employed approximately 400 workers to support operations.
David B. Burritt, President and CEO of U.S. Steel, stated, "This restart reflects careful preparation and a focus on operating safely and reliably in this highly competitive and cyclical industry. As production resumes, our top priority remains working closely with our employees, the United Steelworkers, and local leaders to support the safe operation of the facility."
After being acquired by NSC in mid-2025, U.S. Steel's final financial quarter as an independent company reported a net loss of $116 million, partly due to lagging spot steel prices. Following the merger, the parent company NSC reported a net loss exceeding $280 million for the financial period covering the last nine months of 2025 and the first nine months of the current fiscal year.
In a presentation this February, NSC cited reasons for the losses, including weak steel demand in Japan and other markets, soaring raw material prices, and intensified market competition. Regarding U.S. Steel, NSC wrote, "Basic profit was not recorded for FY2025 because, although U.S. market conditions improved, recent uncertainties remain, partly due to recent severe winter storms."
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