AK Steel announced that it will likely idle most of its Ashland, KY Works beginning late in July or early August. The idling will affect about 750 hourly and salaried employees, and is the result of recent announcements by GM and Chrysler of significant production curtailments, along with the continuing global recession, the company said. It added that the plant is likely to remain idled at least through the balance of 2009.
All steel slabs produced at the Ashland Works must be transported approximately 150 miles to the company's Middletown Works for conversion to hot-rolled coils, the company said. The Ashland Works also employs about 290 men and women at a coke plant, which is currently scheduled to continue operating at a reduced level.
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