AK Steel Announces Price Increase for Specialty Sheet and Strip Stainless Steel

West Chester, OH, June 21, 2016—AK Steel (NYSE: AKS) said today that it will increase base prices for all specialty sheet and strip stainless steel products by 3%-6%, effective July 5, 2016.

AK Steel
AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets.  Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs approximately 8,500 men and women at eight steel plants, two coke plants and two tube manufacturing plants across six states:  Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.  Additional information about AK Steel is available at www.aksteel.com.