AK Steel Temporarily Shutting Plants in Ohio, KY

By: Associated Press Email
By: Associated Press Email

Pittsburgh (AP) -- AK Steel Holding Corp. says it is temporarily closing plants in Ohio and Kentucky because of economic turmoil that has sharply lowered demand for its steel products.

The West Chester, Ohio-based company says the facilities in Mansfield, Ohio, and Ashland, Kentucky, will remain idle until early to mid-January.

AK Steel halted steel production and shipping earlier this week at the Mansfield plant, which employs 365 people. A small number of workers will continue to maintain the plant in anticipation of a resumption of production.

Last week, AK Steel lowered its projections for steel shipments in the fourth quarter by about 14 percent, citing weaker-than-expected U.S. and global economic conditions.

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