AK Steel Receives Award from U.S. Department of Energy to Leverage High Performance Computing from National Laboratory for Hot Rolling Steel Research

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WEST CHESTER, Ohio, March 15, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) announced today that it has accepted an award from the U.S. Department of Energy (DOE) High Performance Computing for Manufacturing (HPC4Mfg) Program.  The HPC4Mfg Program's $300,000 award will support the use of the DOE National Laboratory’s advanced computing resources where the collaborative research with AK Steel will take place to help drive innovation in manufacturing processes.

Researchers from AK Steel will work in collaboration with scientists from the Computational Engineering Division of the Lawrence Livermore National Laboratory to build a Fast Acting Reduced Ordered Model (FA-ROM) to predict the properties of a finished steel coil after hot rolling to continue to improve product consistency, provide immediate feedback on product quality, and to save time, money and energy by reducing expensive industrial trials.  This research also will complement current Artificial Intelligence (AI) models used in the manufacture of AK Steel's portfolio of innovative steel products.

“AK Steel is proud to have the opportunity to collaborate with the DOE and the National Laboratory and for the use of its supercomputing facility to drive further excellence in producing high quality steels,” said Roger K. Newport, Chief Executive Officer of AK Steel.  “This is another outstanding example of the important work and collaboration of our AK Steel experts to drive continued innovation in steelmaking.”

This is the third recent award AK Steel has received from the DOE Office of Energy Efficiency and Renewable Energy Advanced Manufacturing Office to support innovative steel research.  The first, awarded in 2017, focused on manufacturing new steels that provide increased efficiency in high-frequency electric motors, and a second award in 2018 focused on investigating novel low density steels in the laboratory, which could ultimately be used in automotive structural applications.  All three awards underscore AK Steel’s innovation and commitment to being a leader in next generation steel product and process development.

 Media – Lisa H. Jester, Corporate Manager, Communications and Public Relations (513) 425-2510 Investors – Douglas O. Mitterholzer, General Manager, Investor Relations (513) 425-5215

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Globe Newswire: 15:00 GMT Friday 15th March 2019

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