AK Steel

Using the U.S. Security and Exchange Commission Web page, I investigated some of the information provided by AK Steel Corporation.

In filings provided, AK Steel Corp. highlighted several risk factors for their company. Mentioned most was their significant debt and other obligations, which comes to $502.9 million as of March 31,2010. $400 million of that indebtedness is a result of the notes, a certificate accepted as money from the company.

The risks relating to the Notes could increase their vulnerability to general adverse economic and industry conditions, limit their ability to obtain additional financing in the future for working capital, limit their planning flexibility for changes in their business and place them at a competitive disadvantage with competitors who have less debt or greater access to financing.

For the holders of the Notes, the price for said notes will depend on the company’s credit ratings, prevailing interest rates being paid, the market price of their common shares, the company’s financial condition, operating performance and future prospects and overall condition of the financial markets and global and domestic economies.

For holders of notes, staying updated on the current financial information of AK Steel is an important step, along with understanding the global market. Because AK Steel is a public company any information needed can be found online, and further investigation on SEC filings can be found at www.sec.gov.