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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report(Date of earliest event reported) October 13, 1998
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AK STEEL HOLDING CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE File No. 1-13696 31-1401455
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(State or other (Commission file number) (IRS employer
jurisdiction of identification
incorporation) number)
703 Curtis Street, Middletown, Ohio 45043
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (513) 425-5000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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Filed herewith is a copy of a Press Release, dated
October 12, 1998, issued by AK Steel Holding Corporation (the
"Company"). The Press Release announces that two divisions of
Mexican steel producer Hylsamex and the Company have signed
letters of intent that would assist the Company in supplying,
marketing and distributing its products in Mexico.
Item 7. Exhibit.
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(a) Financial Statements of business acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibit:
(1) Press Release, dated October 12, 1998
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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 thereunto duly authorized.
AK STEEL HOLDING CORPORATION
/s/ John G. Hritz
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Senior Vice President, General Counsel
and Secretary
Dated: October 13, 1998
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AK STEEL HOLDING CORPORATION
FORM 8-K
CURRENT REPORT
Exhibit Index
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Exhibit No. Description Page
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1 Press Release, dated October 12, 1998 5
4
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EXHIBIT 1
NEWS RELEASE
AK Steel and Hylsamex Units Sign Letters of Intent
for Commercial Agreement
MIDDLETOWN, OH, October 12, 1998 -- AK Steel (NYSE: AKS) and two
divisions of Mexican steel producer Hylsamex (OTC: HLETY) have
signed letters of intent that would assist AK Steel in supplying,
marketing and distributing its products in Mexico. The agreements
also enable the two premier flat-rolled producers to jointly
market their respective products to their mutual customer base.
In addition, the agreements would provide hot-rolled, cold-
rolled and coated AK Steel products to Hylsamex for further
processing and sale to Hylsamex's customers outside the United
States, principally located in Mexico, Central America and South
America.
The agreements between AK Steel and Hylsa S.A. de C.V.'s Flat
Products Division and its Galvak galvanized and prepainted
division, are subject to the signing of definitive agreements.
The letters of intent were signed by Richard M. Wardrop, Jr.,
chairman and chief executive officer of AK Steel, Mr. Felipe Garza
Medina, president of Hylsa's flat products division and Mr. Luis
Garza T., president of Galvak in a ceremony in Middletown on
October 7, 1998.
"Hylsamex is one of the foremost flat-rolled manufacturers in
North America," said Mr. Wardrop. "This agreement will allow AK
Steel to serve its rapidly expanding automotive and appliance
customer base in Mexico utilizing Hylsa's superb processing,
distribution and marketing expertise. At the same time, Hylsa
will benefit from the supply of AK Steel's products which are
currently beyond its manufacturing capabilities, allowing Hylsa to
better serve its customers outside the United States."
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"This strategic alliance is a prime example of the business
opportunities that have been able to see fruition owing to the
economic and business integration of Mexico and the United
States," said Luis Garza T., president of Galvak. "Our customers
have expanded their scope and demand a wider range of steel
products, which we - thanks to this alliance with AK Steel - will
be able to supply."
On this issue, Felipe Garza Medina, Hylsa flat products
division's president, states: "In a way, the U.S. and Mexican
markets are merging into one, for our customers no longer
distinguish geographical boundaries. What they're demanding are
high quality products at competitive prices, as well as first
class services and technical support."
Hylsamex is Mexico's most modern steelmaker, and is a unit of
Alfa Group (Grupo Alfa), a diverse industrial concern. In 1997,
Hylsa's Flat Products Division, based near Monterrey, shipped
approximately 1.6 million tons of finished products, and was
recognized with QS-9000 certification, the first Latin American
steel company to receive the prestigious accreditation.
Hylsamex's Galvak division in Monterrey produces galvanized,
galvannealed and pre-painted flat-rolled products for use in
automotive, appliance, construction and manufacturing markets.
AK Steel produces carbon and stainless flat-rolled steel
products for automotive, appliance, manufacturing and other
markets. The company received ISO 9002 certification and QS 9000
registration in 1996. The company employs 5,800 in plants and
offices in Middletown, Ohio, Ashland, Kentucky and Rockport,
Indiana.
Web site addresses: www.aksteel.com and www.hylsamex.com.mx/
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