Leaders hopeful AK Steel s name change won t impact company s commitment to Middletown
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March 6, 2021, 11:41 AM·3 min read
Mar. 6 Middletown city leaders and the president of the union at AK Steel don t believe they will see significant differences after the steelmaker changes its name to reflect new ownership.
Neil Douglas, president of IAM Local 1943, said Lourenco Goncalves, chairman, president and CEO of Cleveland-Cliffs sent out a company wide email last week announcing the name change to Cleveland-Cliffs. In 2020, the Ohio-based company bought AK Steel for $1.1 billion.
Also last year, Cleveland-Cliffs Inc. bought the U.S. assets of ArcelorMittal for $1.4 billion. The deal made Cleveland-Cliffs the largest flat-rolled steel producer in North America, officials said.
and we re hearing now that nearly 600 homes have gone up in flames in the middletown community, this valley fire. and if you look at that number alone, i can t think of a wild fire that has been this severe in california in a number of years. in fact it s probably one of the worst we ve seen along the west coast for some time. carol, we re also getting more details about the one confirmed fatality. this is a heartbreaking situation. a 72-year-old woman, multiapproximamultiple sclerosis. she has a care giver who wasn t there at the time. she called 911 but by the time authorities got to the house the house was fully involved in flames and this woman died. you still have some more people who are unaccounted before. so unfortunately that death toll is just probably going to go up. dan simon live from middletown, california. still to come in the news room. rich guys rule.