AK Steel and NanoSteel Honored With "Breakthrough Solution of the Year" by Platts Global Metals Awards

 

WEST CHESTER, OH--(Marketwired - May 20, 2016) -  AK Steel (NYSE: AKS) and The NanoSteel® Company received the "Breakthrough Solution of the Year" award from Platts Global Metals Awards for the development of advanced automotive sheet that combines high strength and high formability for automotive lightweighting. AK Steel produced NanoSteel's advanced automotive sheet at its facilities. The companies, who are joint development partners, believe this Third Generation Advanced High Strength steel constitutes a step change in performance over existing advanced high strength steel products. The award was presented in London on May 19, 2016, as part of the global awards program honoring excellence and accomplishments in the global metals industry. 

"AK Steel is proud to be recognized with NanoSteel by S&P Global Platts for our work to bring this exciting new product to the market," said Roger K. Newport, Chief Executive Officer of AK Steel. "AK Steel developed the manufacturing process that enabled this unique alloy composition to be produced. We are pleased to add this accomplishment to our long and successful track record of innovation."

This award category acknowledges the work of a company or companies instrumental in taking a promising metals technology or process and expanding its use or impact. Now in its fourth year, Platts Global Metals Awards is an innovation and leadership recognition event by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information visit www.platts.com.

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.



Contacts:
Media
Lisa H. Jester
Corporate Manager, Communications and Public Relations
(513) 425-2510

Investors
Douglas O. Mitterholzer
General Manager, Investor Relations
(513) 425-5215