AK Steel Named One Of The Ten Best Performing Stocks of 2007

 

West Chester, OH, January 07, 2008—AK Steel Holding (NYSE: AKS) 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.