A steel plant with 343 employees in suburban Detroit will close in July. AK Steel said the Dearborn factory is closing "due to rapidly deteriorating business conditions." The company informed state officials in a letter Monday. AK Steel is part of Cleveland-Cliffs, the Cleveland-based company that mines iron ore and makes steel. The merger was completed in March. The Dearborn site has a long history and once belonged to Ford Motor Co. AK Steel acquired it in 2014 from Severstal North America.
AK Steel to close Dearborn factory, ending 343 jobs
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