8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT – January 23, 2007

(Date of Earliest Event Reported)

AK STEEL HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Commission File No. 1-13696

Delaware (State of Incorporation)	31-1401455 (I.R.S. Employer Identification No.)
703 Curtis Street, Middletown, OH (Address of principal executive offices)	45043 (Zip Code)

Registrant’s telephone number, including area code: (513) 425-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

AK Steel Holding Corporation is hereby furnishing the following information under Regulation FD:

On January 23, 2007, AK Steel Corporation issued a press release, a copy of which is attached hereto as Exhibit No. 99.1 and incorporated by reference herein, announcing that it will redeem $225 million of its $450 million outstanding 7 ⁷/8% Senior Notes Due February 15, 2009. The Company also announced in that press release that it plans to obtain an $850 million, five-year revolving credit facility with a syndicate of lenders, and has engaged Banc of America Securities LLC as the sole lead arranger.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit:

99.1 Press Release issued on January 23, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AK STEEL HOLDING CORPORATION
By:	/s/ David C. Horn
	David C. Horn
	Secretary

Dated: January 23, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued on January 23, 2007

EX-99.1

EXHIBIT 99.1

        News Release

Contacts:  Media – Alan H. McCoy, Vice President, Government & Public Relations (513) 425-2826

                 Investors – Albert E. Ferrara, Jr., Vice President, Finance & CFO (513) 425-2888

AK Steel to Redeem $225 Million of its 7 ⁷/8% Senior Notes Due February 2009

Company Selects Lead Arranger For New $850 Million Credit Facility

MIDDLETOWN, OH, January 23, 2007 – AK Steel (NYSE: AKS) said that it will redeem $225 million of its $450 million outstanding 7 ⁷/8% Senior Notes Due February 15, 2009. The company said the partial redemption of the notes will be funded from the company’s existing cash reserves, and is expected to be completed in the first quarter of 2007.

The company also said that, subject to market conditions, it will consider early redemption of the remaining $225 million of outstanding 7 ⁷/8% Senior Notes during or before the first quarter of 2008.

AK Steel also plans to obtain an $850 million, five-year revolving credit facility with a syndicate of lenders, and has engaged Banc of America Securities LLC as the sole lead arranger. The new facility will be secured by the company’s inventory and accounts receivable, and will replace two existing credit facilities totaling $700 million, which are secured separately by inventory and accounts receivable. The new facility will provide the company with enhanced liquidity, lower costs and greater flexibility for borrowings, and will be used for general corporate purposes. The company expects to close on the new facility by the end of February.

AK Steel expects to incur a non-cash, pre-tax charge of approximately $4.0 million in the first quarter of 2007 related to these actions. However, the company expects to realize a net, pre-tax interest-related benefit of $10 million in 2007 resulting from completion of the partial redemption of notes and establishment of a new credit facility.

“Reducing our debt to enhance our balance sheet is a high priority and important to achieving our goal of sustained profitability for AK Steel and its shareholders,” said James L. Wainscott, chairman, president and CEO. “These actions are tangible evidence of our commitment to enhancing our future earnings and providing value to shareholders.”

Headquartered in Middletown, Ohio, 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.

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