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AK Steel Comments Regarding The Government Of China's Failure To Implement WTO Rulings On Grain Oriented Electrical Steel

AK Steel Comments Regarding The Government Of China's Failure To Implement WTO
                  Rulings On Grain Oriented Electrical Steel

PR Newswire

WEST CHESTER, Ohio, July 31, 2013

WEST CHESTER, Ohio, July 31, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said
today that the Chinese Ministry of Commerce ("MOFCOM") has announced its
purported implementation of the recommendations and rulings of the World Trade
Organization ("WTO") Dispute Settlement Body ("DSB") regarding MOFCOM's flawed
investigation regarding imports of grain oriented electrical steel ("GOES")
from the United States.

While the determination released today reduces the duties on imports of GOES
produced by AK Steel, it fails to comply with the WTO rulings and
recommendations. Under WTO rules, antidumping and countervailing duties can
only be applied if the administering authority determines, based on positive
evidence and an objective examination of the evidence, that the domestic
industry is materially injured by reason of the dumped and subsidized
imports.

In the GOES case, a WTO dispute panel found that MOFCOM's findings on injury
and causation violated China's WTO obligations because, among other things,
they were not based on positive evidence and an objective examination of the
evidence. Moreover, the panel found that MOFCOM did not analyze other
significant factors affecting domestic industry performance that the panel
found were important to any valid causation determination. Notwithstanding
the WTO's rulings, and without collecting any new or additional evidence, it
appears that MOFCOM has simply reiterated essentially the same findings on
injury and causation without even addressing the flaws identified by the panel
and the Appellate Body.

"AK Steel applauds the efforts of the United States Trade Representative to
enforce China's WTO obligations in this dispute," said James L. Wainscott,
Chairman, President and CEO of AK Steel. "We are disappointed that the
Government of China has chosen to disregard its WTO obligations, and we will
continue to urge the U.S. Government to seek further rulings that China has
not complied with the DSB's recommendations and rulings."

AK Steel will also request that the U.S. Government seek WTO authorization to
impose retaliatory tariffs against certain imports from China until China
comes into compliance by revoking the antidumping and countervailing duty
measures on GOES from the United States.

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 6,100 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, controls
and is developing 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 - Michael P. Wallner, General Manager, Communications and PR
(513) 425-2688 or Investors - Albert E. Ferrara, Jr., Senior Vice President,
Corporate Strategy and Investor Relations (513) 425-2888