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AK Steel
AK Steel Temporarily Idles Certain Operations Until Early- to Mid-January
November 28th, 2008
AK Steel (NYSE:AKS) announced that it is temporarily idling its Mansfield, Ohio operations, and most of its Ashland, Kentucky operations, due to the recent unanticipated and major downturn in the economy, which has resulted in sharply lower demand for some of the company's products. The company said that, based upon currently forseeable market conditions, both facilities will remain idled until early- to mid-January. AK Steel's Mansfield Works currently employs 365 hourly and salaried men and women. The plant produces stainless flat-rolled steel which is used primarily to manufacture automotive exhaust systems. Steel production and shipping temporarily ceased at the...
Source: Health Business Week (2008-11-28)
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