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AK Keeps Middletown Productive

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Middletown News View Drop Down
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    Posted: May 13 2009 at 4:00pm
AK Steel (NYSE: AKS) announced today 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 the plant is likely to remain idled at least through the balance of 2009.

Full Story: AK Steel to Keep Middletwon Works Productive
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Bwood View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bwood Quote  Post ReplyReply Direct Link To This Post Posted: May 13 2009 at 6:01pm
The shutdowns on GM's end are not planned to be permanent, so hopefully the Ashland plant will reopen when the GM plants do.
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arwendt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote arwendt Quote  Post ReplyReply Direct Link To This Post Posted: May 13 2009 at 6:26pm
Thinking it's not a good year to be in the steel biz.
“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike_Presta Quote  Post ReplyReply Direct Link To This Post Posted: May 13 2009 at 9:04pm
Originally posted by arwendt arwendt wrote:

Thinking it's not a good year to be in the steel biz.
It's not a good year to be in any business.  I fear that the economic moves being taken by the federal government since last September will prove to be catastophic.
“Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012
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