AK Steel Plans To Close The Ashland Plant

AK Steel recently announced that it would close its Ashland plant in Kentucky by the end of this year and focus on producing innovative and value-added differentiated products.

It is understood that most production lines (including blast furnaces) in Ashland Plant have been in a state of shutdown since the end of 2015, and only hot-dip galvanizing production lines remain in normal production. AK Steel said that the closure of the plant's blast furnaces and steelmaking equipment was mainly aimed at reducing production costs. Transferring hot-dip galvanized products from Ashland to other branches would not affect the supply of customers, but would also effectively improve the productivity utilization and production efficiency of other branches, thereby further reducing the production costs of hot-dip galvanized products and enhancing the market competitiveness of the products. AK Steel pointed out that the cost of closing the Ashland plant was about $80 million, which could save the company $40 million annually.
AK Steel Plans To Close The Ashland Plant

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