U. S. Steel(US:X) Sou Hu Cai Jing·2025-09-22 09:17Group 1 - The U.S. government has exercised its "golden share" rights to block Nippon Steel's plan to shut down a U.S. Steel plant, indicating potential further intervention in Nippon Steel's management of U.S. Steel [1][3] - Nippon Steel completed its acquisition of U.S. Steel in June 2023 and aimed to enhance production efficiency by closing the Granite City plant in Illinois, which has been idle since 2023 [3][5] - Following the notification of the shutdown plan, U.S. Commerce Secretary Wilbur Ross informed U.S. Steel's CEO that the plan would not be approved, and President Trump stated he would not allow the closure [3][5] Group 2 - U.S. Steel announced on September 19 that it would reverse its previous plan, and the Granite City plant will continue operations [5] - If confirmed, this would mark the first instance of U.S. government intervention in the operations of Nippon Steel and U.S. Steel, raising concerns about the autonomy of the companies [5] - As part of the acquisition, Nippon Steel and U.S. Steel signed a national security agreement with the U.S. government, granting the government veto power over significant decisions, including plant closures and production relocations [5]