But the plant has been on the chopping block for some time. USS tried to shut it down a few years ago and got caught up in some subsidy agreements that kept the plant open. The Spec even put up their headline from the time (see below), a headline that really is familiar to many a Pittsburgher to this day. They will have a similar headline tomorrow no doubt.
If anyplace can relate to Hamilton's feelings right now, it remains Pittsburgh. As with Pittsburgh's experience three decades ago, Wall Street's priorities are a bit different than main street's. WSJ: Forget Those Losses – Market Cheers For U.S. Steel Cost Cuts.
Things that make you go hmmm. though Shedding nonperforming assets; possibly deferring a costly move into a new headquarters... If USS stays in 600 Grant Street, I personally would love to know the length of time they sign a lease for.