Safety Incident - U S Steel's Pennsylvania plant experienced a deadly blast, resulting in two fatalities and ten injuries [1] - The CEO of U S Steel defended the company's safety record following the incident [1]

Incident Overview - An explosion occurred at the U.S. Steel Clairton Coke Works Plant in Western Pennsylvania on August 11, 2025, resulting in at least one fatality and multiple injuries or individuals unaccounted for [1] - Allegheny County officials have advised nearby residents to stay indoors following the incident [1] Legal Investigation - Lynch Carpenter, LLP is investigating claims related to the explosion and is reaching out to individuals who may have been affected [2] - The firm encourages impacted individuals to contact them for assistance [2] Company Background - Lynch Carpenter is a class action law firm based in Pittsburgh, with additional offices in Pennsylvania, California, and Illinois [3] - The firm has over a decade of experience representing clients in the Western Pennsylvania region and has gained national recognition for complex litigation [3]

Accidents and Safety Concerns - A United States Steel Corp plant in Pennsylvania experienced an explosion resulting in at least two fatalities, indicating potential safety issues [1] - The plant has a history of accidents and violations over the past 15 years, raising concerns about safety management [1] Acquisition and Corporate Actions - Nippon Steel recently closed a $14 billion (140 亿) deal to acquire US Steel, marking a significant change in ownership [1] - US Steel is cooperating with authorities to investigate the cause of the explosion, demonstrating a commitment to addressing the incident [1]

Report Summary 1. Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - In the 1980s, the Thatcher government in the UK and the Reagan government in the US implemented supply - side reforms to address the stagflation situation. These reforms shifted the policy focus from Keynesian demand management to supply - side and free - market economics, which affected industries such as steel and coal, leading to industry restructuring and ultimately promoting industry transformation and profitability improvement [2]. - Through "three removals, one reduction, and one supplementation" measures, including capacity reduction, inventory reduction, de - leveraging, cost reduction, and short - board supplementation, the two countries' economies recovered from stagflation and traditional industries achieved transformation and upgrading [8][15]. 3. Summary by Directory 3.1 Reform Background in the 1970s and 1980s - **Stagflation in the UK and the US**: In the 1970s, both countries faced stagflation, with low economic growth, high inflation, and rising unemployment. From 1973 - 1980, the UK's GDP grew at an average annual rate of only 1.74%, inflation reached 15.2%, and the unemployment rate exceeded 10%. The US had negative GDP growth in 1974, 1975, and 1980, with inflation peaking above 14% and the unemployment rate also exceeding 10% [6]. - **Shift from Keynesian to Supply - Side Economics**: Keynesian demand - side policies failed to control unemployment and instead increased deficits and debts. The supply side faced obstacles such as large - scale losses in state - owned enterprises, frequent strikes due to union monopolies, excessive government regulations, and high marginal tax rates. The Thatcher and Reagan governments launched supply - side reforms in 1979 and 1981 respectively to revitalize the supply side and promote economic recovery [8]. - **Over - capacity and Losses in the Coal and Steel Industries**: In the late 1970s, the UK and the US entered the "de - industrialization" stage. Traditional heavy industries such as steel and machinery manufacturing were severely affected by the Middle East oil crisis and faced cost shocks. They also faced competition from Japan and the "Four Asian Tigers" and needed to transform their energy structures due to environmental protection requirements [9]. 3.2 Reform Process: "Three Removals, One Reduction, and One Supplementation" - **Capacity Reduction** - **Coal Industry**: In the UK, the number of coal mines decreased from about 200 in 1980 to 65 in 1990, the number of miners dropped from about 230,000 to 49,000, and coal production decreased from 120 million tons to about 50 million tons. In the US, policies and market factors led to capacity reduction, such as the promotion of natural gas development and environmental protection requirements [17]. - **Steel Industry**: In the UK, the "Davignon Plan" and subsequent measures led to production cuts. The British Steel Corporation (BSC) was reformed, with reduced subsidies, capacity closures, and layoffs, and achieved profitability in 1986. In the US, environmental protection laws, tax reforms, and market competition led to capacity reduction, with 3800 million tons of nominal crude steel capacity withdrawn from 1983 - 1989 and 5280 million tons from 1986 - 2003 [18][19]. - **Inventory Reduction**: In the UK, Thatcher implemented the "right - to - buy" policy, selling about 140,000 public housing units from 1979 to 1987 and earning about £16 billion in revenue [20]. - **De - leveraging**: In the UK, the government reduced the government expenditure - to - GDP ratio from 43% in the early 1980s to 38% in the early 1990s and the deficit rate from 6% to 2%. In the US, the "Gramm - Rudman - Hollings Act" was passed in 1985 to control deficits [22]. - **Cost Reduction** - **UK**: The UK reduced the top marginal personal income tax rate from 83% in 1979 to 40% in 1988, the basic tax rate from 33% to 25%, and the corporate tax rate from 52% to 35%. - **US**: The US reduced the top marginal personal income tax rate from 70% in 1981 to 28% in 1986 and the corporate income tax from 46% to 34. It also carried out government institutional reforms and cut welfare spending [23]. - **Short - board Supplementation** - **UK**: The UK supported steel enterprises in mergers, acquisitions, and production layout optimization, promoting specialization and efficiency improvement. In 1988, the BSC was reorganized into specialized subsidiaries. - **US**: The SBIR program invested $2 billion annually in small - business R & D, promoting technological breakthroughs and job creation [24]. 3.3 Policy Effects - **UK Steel Industry**: From 1975 - 1988, UK steel capacity decreased by 11.87 million tons. In 1988, the number of converters decreased by 39% compared to 1975, but production increased by 35.8%. By 1986, the number of employees in the steel industry decreased by 77.4% compared to 1972. The industry achieved world - class levels in the 1990s and turned profitable [26]. - **US Coal Industry**: The concentration of coal enterprises increased, with the output share of large - scale coal enterprises rising. Production efficiency improved, the number of employees decreased, and coal exports increased. The US became a global benchmark for coal industry modernization in the 1990s [28]. - **US Steel Industry**: The industry's transformation laid the foundation for oligopolization, lightening, and high - end development in the 1990s. The CR4 of the steel industry increased from 35% in 1985 to 70% in 2000 [29].

Group 1 - The explosion at the U.S. Steel plant in Allegheny County, Pennsylvania, resulted in 2 fatalities and at least 10 injuries [1][2] - The incident occurred on August 11 at approximately 10:51 AM local time, with rescue operations ongoing to locate individuals trapped under the debris [1] - The affected plant is the largest coking facility in North America and employs over a thousand workers [2] Group 2 - The cause of the explosion remains unclear, and the facility has a history of similar incidents, having experienced explosions in 2009 and 2010 that resulted in casualties [2] - The plant has been associated with long-standing pollution issues, raising concerns about safety and environmental impact [2]

Core Viewpoint - The article discusses a recent explosion at a steel plant in Pennsylvania, highlighting the plant's history of safety issues and environmental violations, as well as the implications of a recent acquisition by Nippon Steel Corporation which aims to invest significantly in the facility [3][5][8]. Group 1: Incident Overview - An explosion occurred at the Clairton Coke Works, a major coke plant in Pennsylvania, resulting in at least 2 deaths and multiple injuries [3][4]. - The explosion happened around 10:51 AM, leading to a fire and subsequent rescue operations for those trapped [3][4]. - The plant has a history of accidents, including a fatal incident in 2009 and another explosion in 2010 that injured numerous workers [5][6]. Group 2: Environmental and Safety Concerns - The Clairton Coke Works has faced multiple lawsuits and fines due to environmental violations, including a significant incident in 2018 that led to illegal emissions for 102 days [6]. - The plant has consistently violated the Clean Air Act, with the EPA reporting violations in every quarter over the past 12 quarters [6]. - Local health authorities have advised residents near the plant to stay indoors and take precautions following the explosion [6]. Group 3: Financial and Investment Context - The plant has suffered from long-term underinvestment, with a previous plan for over $1 billion in upgrades canceled in 2021 [8]. - Nippon Steel Corporation has acquired U.S. Steel and plans to invest $11 billion across U.S. steel plants, including $2.4 billion specifically for the Clairton facility by 2028 [8]. - This acquisition is seen as a potential turnaround for U.S. Steel, which has struggled with funding for years [8].

美国钢铁公司在宾夕法尼亚州匹兹堡市附近的一家工厂11日上午发生爆炸。 据媒体报道，美国钢铁公司在宾夕法尼亚州匹兹堡市附近的一家工厂11日上午发生爆炸。工厂所在的阿 勒格尼县官员说，爆炸已造成至少2人死亡、1人下落不明，另有10人被送往医院，其中5人经治疗后出 院，另外5人情况危急但稳定。 阿勒格尼县紧急服务部门称，该工厂于当地时间10时51分左右起火，随后发生爆炸，一些人被困在废墟 下。紧急服务部门随后展开搜救工作。 宾夕法尼亚州州长夏皮罗在社交媒体上发文说，该工厂当天发生多起爆炸，受伤员工已被送往当地医院 接受治疗。搜救工作仍在进行中。 "感觉就像打雷一样。"现场附近的建筑工人布迪（Zachary Buday）对媒体表示："脚手架震动了，我的 胸口也震动了，大楼也震动了。然后我们看到钢厂冒出浓烟，综合起来，感觉好像发生了什么不好的事 情。" 美国钢铁公司执行副总裁兼首席制造官巴克西索 (Scott Buckiso) 表示，目前尚不清楚克莱顿焦化厂发生 爆炸的原因。他还称，与爆炸有关的两座焦炉在生产力和安全性方面状况良好，目前均以关闭。该公司 总裁兼首席执行官伯里特（David B. Burritt）则表示： ...

当地时间8月11日上午，美国钢铁公司（U.S. Steel）位于宾夕法尼亚州克莱尔顿（Clairton）的焦化厂发 生爆炸，造成至少1人死亡、10人受伤，另有1人失踪。目前，厂区已恢复稳定。 爆炸发生于上午10时50分左右，地点位于匹兹堡东南约15英里处的克莱尔顿焦化厂（Clairton Coke Works）。 该厂曾在2018年平安夜发生灾难性火灾，由坠落的喷淋管击断输油管引发，导致压缩机吸入高度易燃气 体并引发持续三个月的有毒气体燃烧。当时卫生官员建议附近22个市镇居民尽量避免外出。2010年该厂 也发生过一次爆炸，造成20名工人受伤。 今年，在日本制铁（Nippon Steel）收购美国钢铁公司的计划中，蒙谷工厂预计将获得超过20亿美元的 设备升级与维修投资。若交易失败，蒙谷钢厂可能会被关闭。而此次事故或将为交易和投资前景带来新 的不确定性。 美国化学品安全委员会（U.S. Chemical Safety Board）已派出调查团队赶赴现场。根据行业惯例，焦化 过程中会在高温高压下提取煤炭中的甲烷等烃类化合物，美国钢铁公司会回收焦炉煤气用于再次生产或 为蒙谷钢厂其他环节供能。事故具体原因与此流程是否相 ...

Group 1 - An explosion occurred at the U.S. Steel Company's Clayton plant in Pennsylvania, resulting in at least 1 death, dozens injured, and at least 2 missing individuals [2] - Emergency rescue teams are actively working to save those trapped in the rubble [2] - The Governor of Pennsylvania stated that the state government is in close contact with local officials and that assistance has been provided by the Pennsylvania Emergency Management Agency and the Pennsylvania State Police [2]

新华社纽约8月11日电 美国钢铁公司在宾夕法尼亚州匹兹堡市附近的一座工厂11日发生爆炸，据媒体援 引当地政府官员的话说，已造成数十人受伤，另有多人被埋在废墟下，应急人员已抵达现场展开救援。 ...