Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Reich Kirk W
2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2010
3. Issuer Name and Ticker or Trading Symbol
AK STEEL HOLDING CORP [AKS]
(Last)
(First)
(Middle)
9227 CENTRE POINTE DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
V.P. Specialty Steel Operation
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WEST CHESTER, OH 45069
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 26,459
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 10/19/2007 10/19/2016 Common Stock 534 $ 14.685 D  
Employee Stock Option (Right to Buy) 01/18/2008 01/18/2017 Common Stock 2,334 $ 16.755 D  
Employee Stock Option (Right to Buy) 01/17/2009(1) 01/17/2018 Common Stock 2,000 $ 36.585 D  
Employee Stock Option (Right to Buy) 01/21/2010(2) 01/21/2019 Common Stock 6,375 $ 9.21 D  
Employee Stock Option (Right to Buy) 01/20/2011(3) 01/20/2020 Common Stock 3,625 $ 22.965 D  
Performance Shares 12/31/2010 12/31/2010 Common Stock 1,375 (4) $ (5) D  
Performance Shares 12/31/2011 12/31/2011 Common Stock 4,312.5 (6) $ (7) D  
Performance Shares 12/31/2012 12/31/2012 Common Stock 2,275 (8) $ (9) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Reich Kirk W
9227 CENTRE POINTE DRIVE
WEST CHESTER, OH 45069
      V.P. Specialty Steel Operation  

Signatures

/s/ Kirk W. Reich 06/10/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options vest in three equal annual installments beginning one year after 1/17/2008 (the grant date).
(2) Options vest in three equal annual installments beginning one year after 1/21/2009 (the grant date).
(3) Options vest in three equal annual installments beginning one year after 1/20/2010 (the grant date).
(4) This represents one half of the Performance Shares which were awarded and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
(5) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate of the Common Stock between January 1, 2008 and December 31, 2010.
(6) This represents one half of the Performance Shares which were awarded and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
(7) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate of the Common Stock between January 1, 2009 and December 31, 2011.
(8) This represents one half of the Performance Shares which were awarded and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
(9) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate of the Common Stock between January 1, 2010 and December 31, 2012.

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