AK Steel Reports Full Exercise of Underwriters' Options to Buy Shares

AK Steel Holding Corporation

("AK Holding") announced that the underwriters for its previously announced offering of common stock have exercised in full their option to purchase an additional 3,300,000 shares of common stock.  AK Holding intends to use the net proceeds from the sale of the additional shares for general corporate purposes.  The offering is being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC").  Closing of the sale of the additional shares is expected to occur on December 3, 2012, subject to customary closing conditions.