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9227 Centre Pointe Drive

West Chester, OH 45069

USA

Phone

513.425.5038

Company Information

Company Information
Industry	Iron & Steel and Related Industry

# of Employees	7000

Ownership	Public Company

SIC Code	3312 - Blast furnaces and steel mills

Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	378

Description

AK Steel Holding Corporation (AK Holding) is a fully integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products. Through its wholly owned subsidiary AK Steel Corporation (AK Steel), the Company produces flat-rolled carbon steels, including coated, cold-rolled and hot-rolled products, as well as specialty stainless and electrical steels that are sold in slab, hot band and sheet and strip form. AK Steel has seven steelmaking and finishing plants located in Indiana, Kentucky, Ohio and Pennsylvania. The Company's operations also include AK Tube LLC, which further finishes flat-rolled carbon and stainless steel into welded steel tubing used in the automotive, large truck and construction markets and European trading companies that buy and sell steel and steel products.

Top Executives

Executive Name	Title
Ferrara, Albert	Chief Financial Officer, Vice President-Finance
Newport, Roger	Controller And Chief Accounting Officer
Wainscott, James	Chairman Of The Board, President, Chief Executive Officer

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Recent Company Events

Date	Type of Event	Details
2008-02-01	Contract/Agreements	AK Steel said today that its Ashland, Kentucky coke plant has earned the Max Eward Safety Award for the third consecutive year. The award is presented by the American Coke and Coal Chemicals Institute (ACCCI) and recognizes the ACCCI member coke plant having the best safety record during 2007. Ashland coke plant employees worked all of 2007 with no OSHA recordable injuries. Hourly employees of the Ashland coke plant are represented by United Steelworkers (USW) Local 523. "Congratulations to our employees at the Ashland coke plant whose incredible dedication to safety has earned them this coveted recognition for the third year in a row," said James L. Wainscott, chairman, president and CEO of AK Steel. "It is especially significant that they worked all of 2007 without a single recordable injury." This award also marks the tenth time in the past 11 years that an AK Steel coke plant has been selected for ACCCI's highest safety honor. The company's Middletown, Ohio coke plant is a seven time recipient of the Max Eward Award. It also had an outstanding safety performance last year, experiencing only one OSHA recordable injury and finishing second in the industry wide competition for the Max Eward award. "The employees of AK Steel's Ashland coke plant have made safety their top priority," said Bruce Steiner, president of ACCCI. "Coke plants are challenging work environments from the standpoint of keeping employees safe, and AK Steel has done a tremendous job year after year at both Ashland and Middletown to protect its most important asset its people. The Ashland plant's employees and managers are to be congratulated for their extraordinary 2007 safety record and demonstrating that they are working under the principle of Safety First." Mr. Steiner explained that the purpose of the award is to inspire and encourage ACCCI member companies to improve their industrial safety programs and prevent personal injuries. The award, which is named for a former chairman of the institute's manufacturing, environmental, and safety and health committee, will be presented at ACCCI's May meeting. About AK Steel AK Steel produces flat rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,500 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at http://www.aksteel.com. AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at http://www.aktube.com. s.server=server() s.channel="news release" s.pageName="news_release_ak steel's ashland coke plant again wins industry safety award" s.prop2="109" s.prop3="02 01 2008" /*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code); //
2008-01-22	Earnings/Dividends	AK Steel announced today that its board of directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on March 10, 2008, to shareholders of record on February 15, 2008. The announced quarterly dividend equates to an annual dividend rate of $0.20 per share of common stock. The company has approximately 112 million shares of common stock outstanding. "This dividend announcement is a clear indication that AK Steel's board recognizes and values the support of our shareholders during the company's complete financial transformation over the last four years," said James L. Wainscott, chairman, president and CEO. "The management and employees of AK Steel are unwavering in their commitment to safely produce the best products, provide outstanding customer service and secure value for our shareholders." About AK Steel AK Steel produces flat rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,500 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at http://www.aksteel.com . AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at http://www.aktube.com . s.server=server() s.channel="news release" s.pageName="news_release_ak steel's board of directors declares common stock dividend" s.prop2="109" s.prop3="01 22 2008" /*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code); //
2008-01-22	Earnings/Dividends	AK Steel today reported 2007 fourth quarter net income of $106.7 million, or $0.95 per diluted share of common stock, compared to a net loss of $49.3 million, or $0.45 per diluted share, in the 2006 fourth quarter. The net loss in the fourth quarter of 2006 included a pre tax, non cash "corridor" charge of $133.2 million for actuarial losses related to the company's retiree health care benefit plans. There was no corridor charge in 2007. Net sales for the fourth quarter of 2007 were $1,691.9 million on shipments of 1,568,100 tons. Sales and shipments in the fourth quarter of 2007 were approximately 7% and 3% higher, respectively, than in the year ago period. The company's average selling price was $1,079 per ton for the fourth quarter of 2007, approximately 4% higher than in the year ago period. Operating profit for the fourth quarter of 2007 was $153.5 million, or $98 per ton, compared to an operating loss of $81.9 million, or $54 per ton, for the fourth quarter of 2006. Adjusted operating profit for the fourth quarter of 2006 was $51.3 million, or $34 per ton, excluding the corridor charge referred to above. The following schedule reflects the reconciliation of the non GAAP quarterly financial measures discussed within this news release: Three Months Ended (Dollars in millions) December 31, 2007 2006 Reconciliation to net income (loss) Adjusted income before income taxes (excluding items below) $164.1 $34.5 Other postretirement benefit corridor charge (133.2) Income (loss) before income taxes 164.1 (98.7) Income tax benefit (provision) (57.4) 49.4 Net income (loss) $106.7 $(49.3) Reconciliation to operating profit (loss) Adjusted operating profit (excluding items below) $153.5 $51.3 Other postretirement benefit corridor charge (133.2) Operating profit (loss) $153.5 $(81.9) Reconciliation to operating profit (loss) per ton Adjusted operating profit per ton (excluding items below) $98 $34 Other postretirement benefit corridor charge (88) Operating profit (loss) per ton $98 $(54) Record Full Year Results For the full year, AK Steel earned net income of $387.7 million, or $3.46 per diluted share in 2007, compared to net income of $12.0 million, or $0.11 per diluted share for the full year in 2006. Net income for 2007 includes $39.8 million in one time, pre tax charges related to the implementation of new labor agreements at the company's Mansfield (OH) and Middletown (OH) plants. The 2006 net income included the corridor charge previously discussed, as well as $15.8 million of one time charges related to the implementation of new labor agreements at the company's Butler (PA) and Zanesville (OH) plants. Net sales for 2007 were a record $7,003.0 million on record shipments of 6,478,700 tons, compared to net sales of $6,069.0 million and shipments of 6,168,600 tons in 2006. Sales and shipments in 2007 were approximately 15% and 5% higher, respectively, than in the year ago period. AK Steel's average selling price for 2007 rose to a record $1,081 per ton, approximately 10% higher than the 2006 average of $984 per ton. The company had adjusted operating profit for 2007 of $664.2 million, equal to a record $103 per ton, compared to adjusted operating profit of $214.6 million, or $35 per ton, for 2006. Including the additional charges mentioned above, 2007 operating profit was $624.4 million, or $96 per ton, compared to 2006 operating profit of $65.6 million, or $11 per ton. AK Steel ended 2007 with a cash balance of $713.6 million. The following schedule reflects the reconciliation of the non GAAP financial measures discussed above: Twelve Months Ended (Dollars in millions) December 31, 2007 2006 Reconciliation to net income Adjusted income before income taxes (excluding items below) $631.1 $145.9 Other postretirement benefit corridor charge (133.2) Curtailment c
2008-01-07	Contract/Agreements	Best Return to Investors Among Fortune 500 Companies WEST CHESTER, Ohio, Jan. 7 /PRNewswire FirstCall/ AK Steel Holding has been named by CNNMoney.com as one of the ten best performing Fortune 500 stocks for 2007. According to CNNMoney.com, AK Steel turned in a "solid 174 percent increase in stock performance" in 2007, which ranked AK Steel as the second best return to investors among Fortune 500 companies. "During 2007, we 'put the pedal to the metal,' shifting into a higher gear to accelerate our company's growth and performance," said James L. Wainscott, chairman, president and CEO of AK Steel. "We are very pleased that our continuing progress has been reflected in increased value for AK Steel's shareholders." The company's 2007 stock performance follows a 113 percent increase that was recorded for the previous year (2006), which Fortune magazine termed "stellar" in its annual ranking of America's largest corporations last April. AK Steel is currently number 378 on the Fortune 500 list of America's largest corporations, ranked according to revenue. Over the past four years, AK Steel has increased shareholder value by about 2,000 percent. AK Steel produces flat rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. s.server=server() s.channel="news release" s.pageName="news_release_ak steel named one of the ten best performing stocks of 2007" s.prop2="109" s.prop3="01 07 2008" /*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code); //

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