Saving some two-thousand jobs, U.S. Steel says it will not shut down its Granite City works as planned, but instead will keep it operating at a lower rate.

The move means that 80-jobs will be terminated, a a much smaller number from the more than two-thousand that a complete shutdown would have caused. The layoff notices sent out by the company in March would have started this week, but now are moot. Most of the steel made in Granite City is shipped to a mill in Texas where it's rolled into pipe used in the oil and gas business.