Most of the plant’s operations, including its blast furnace, have been idle since 2015, the newspaper reported.
AK Steel continued to operate a single hot dip galvanizing coating line and has 230 employees.
“That’s a big hit for any Smalltown America,” said Ashland Mayor Steve Gilmore, quoted in the Daily Independent. “Armco — and that’s what most of us around here still know it as — is what raised me. My dad worked there for 28 years. Most of my friends were Armco kids. It just did an unbelievable job providing great employment for the middle class.”
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An AK Steel news release said that production volumes and customers shipments are not expected to be affected by the closing. The company expects to lower its costs by $40 million annually, according to AK Steel.
AK Steel in Ashland laid off 633 employees in December, 2015.