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AK Steel acquires Mich. plant

DEARBORN, Mich. (WKRC) -- AK Steel is paying $700 million to acquire a Russian-owned plant in Dearborn, Mich.

The plant makes steel used in the automotive, construction and appliance markets. It employs 1,400 people.

There's been no word on the future of their jobs.

The purchase is part of AK Steel's expansion into the automotive industry.

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