AK Steel Announces Stainless Steel Price Increase

              AK Steel Announces Stainless Steel Price Increase

PR Newswire

WEST CHESTER, Ohio, Nov. 9, 2012

WEST CHESTER, Ohio, Nov. 9, 2012 /PRNewswire/ --AK Steel (NYSE: AKS) said
today that it will increase base prices for all 200, 300 and 400 series flat
rolled stainless steel products, effective with shipments on December 30,
2012. AK Steel said this increase will be achieved through a reduction in the
functional discount of four percentage points for cold rolled and hot rolled
products. Base prices of automotive exhaust grades will increase by $0.04 per
pound.

All raw material surcharges for stainless steel products, including those for
materials under .015 inch thickness, will remain in effect. Surcharges for
the broad range of stainless steel products that AK Steel produces can be
found under the Products and Markets section of the company's web site at
www.aksteel.com.

AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical steels,
primarily for automotive, infrastructure and manufacturing, construction and
electrical power generation and distribution markets. The company employs
about 6,200 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 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 www.aktube.com. 

AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, owns or
leases metallurgical coal reserves in Somerset County, Pennsylvania. AK Steel
also owns 49.9% of Magnetation LLC, a joint venture headquartered in Grand
Rapids, Minnesota, which produces iron ore concentrate from previously mined
ore reserves.

SOURCE AK Steel

Website: http://www.aksteel.com
Contact: Media - Barry L. Racey, Director, Government and Public Relations
+1-513-425-2749; Investors - Albert E. Ferrara, Jr., Senior Vice President,
Corporate Strategy and Investor Relations +1-513-425-2888
 
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