AK Steel’s Mansfield Works currently employs 365 hourly and salaried men and women. The plant produces stainless flat-rolled steel which is used primarily to manufacture automotive exhaust systems. Steel production and shipping temporarily ceased at the Mansfield Works earlier this week. A small number of hourly and salaried employees will continue to maintain the operations in anticipation of a resumption of production when warranted by business conditions.

The Ashland Works produces carbon flat-rolled steel for automotive, appliance and other markets, and the plant currently employs 1,100 hourly and salaried men and women. However, about 275 of the Ashland Works employees work at the company’s coke plant, which will continue to operate, but at a reduced level. Ashland’s blast furnace, steelmaking, casting and coating operations will be idled later this month. As in Mansfield, a small number of hourly and salaried employees will continue to work maintaining the idled operations in preparation for a re-start. The company said Ashland’s blast furnace would be maintained in "hot-idle" status.

The company said it continues to evaluate all of its operations and administrative functions in light of the economic downturn, and will be prepared to adjust to continued rapidly changing conditions. That would include restarting the idled operations sooner if warranted by significantly improved business conditions.

"We remain hopeful that we will be able to return our dedicated and hard-working employees to their jobs as swiftly as possible," said James L. Wainscott, chairman, president and CEO. "Of course, that depends entirely on credit availability and consumer confidence, which are at the heart of this serious economic downturn."