AK Steel to idle Ashland, KY production

LOUISVILLE, KY (WAVE) - Business at an eastern Kentucky plant will be slowing down. AK Steel announced Tuesday that it will temporarily idle its operations in Ashland.

The plant will stay closed until mid-January. The company credits the closure to economic turmoil that has sharply lowered demand for its steel products.

A few of the plant's 800 employees will remain at the plant to prepare for the restart of production.

AK Steel is also slowing production at a second facility in Ohio.