- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	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

1. Name and Address of Reporting Person ^*

Reed Maurice A.

2. Date of Event Requiring Statement (MM/DD/YYYY) 5/24/2012

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. Engineering, Raw Mat'l & /

(Street)

WEST CHESTER, OH 45069

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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	33502	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	5/19/2007	5/19/2016	Common Stock	534	$12.235	D
Employee Stock Option (Right to Buy)	1/18/2008	1/18/2017	Common Stock	1834	$16.755	D
Employee Stock Option (Right to Buy)	1/17/2009	1/17/2018	Common Stock	2375	$36.585	D
Employee Stock Option (Right to Buy)	1/21/2010	1/21/2019	Common Stock	7125	$9.21	D
Employee Stock Option (Right to Buy)	1/20/2011 ⁽¹⁾	1/20/2020	Common Stock	3625	$22.965	D
Employee Stock Option (Right to Buy)	1/19/2012 ⁽²⁾	1/19/2021	Common Stock	4419	$14.57	D
Employee Stock Option (Right to Buy)	1/18/2013 ⁽³⁾	1/18/2022	Common Stock	6900	$9.11	D
Performance Shares	12/31/2012	12/31/2012	Common Stock	2225 ⁽⁴⁾	⁽⁵⁾	D
Performance Shares	12/31/2013	12/31/2013	Common Stock	2800 ⁽⁶⁾	⁽⁷⁾	D
Performance Shares	12/31/2014	12/31/2014	Common Stock	4000 ⁽⁸⁾	⁽⁹⁾	D

Explanation of Responses:
( 1)	Options vest in three equal annual installments beginning one year after 1/20/2010 (grant date).
( 2)	Options vest in three equal annual installments beginning one year after 1/19/2011 (grant date).
( 3)	Options vest in three equal annual installments beginning one year after 1/18/2012 (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 (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2010 and December 31, 2012 (the "Performance Period").
( 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 (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2011 and December 31, 2013 (the "Performance Period").
( 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 (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2012 and December 31, 2014(the "Performance Period").

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Reed Maurice A. 9227 CENTRE POINTE DRIVE WEST CHESTER, OH 45069			V.P. Engineering, Raw Mat'l &

Signatures
/s/ Maurice A. Reed		5/25/2012
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.