The future of Middletown Works: City leaders say early conversations show promising signs

The parent of Middletown's largest employer is committed to maintaining its local operations, according to city leaders. The news comes after a big year for AK Steel Holding Corp., which was acquired by Cleveland-Cliffs Inc. (NYSE: CLF) in a $3 billion deal that finalized in March. Cliffs previously confirmed that AK Steel's Research and Innovation Center in Middletown, which employs 72 workers, would remain open. But the company has so far remained quiet about the future of the Middletown Works…