Ak Steel S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

AK STEEL HOLDING CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in millions)

	Three months ended March 31,			Year Ended December 31,
2013			2012			2011			2010			2009			2008
Fixed charges:
Capitalized interest credit	$	0.8		$	2.5		$	6.7		$	10.1		$	7.8		$	4.4
Interest factor in rent expense		1.0			3.8			3.0			3.2			2.8			3.3
Other interest and fixed charges		31.1			86.8			47.9			33.6			37.4			48.9
Total fixed charges		32.9			93.1			57.6			46.9			48.0			56.6
Earnings—pre-tax income (loss) with applicable adjustments		25.7		$	(159.0	)	$	(186.0	)	$	(125.4	)	$	(47.9	)	$	55.3
Ratio of earnings to fixed charges		NM	*		NM	*		NM	*		NM	*		NM	*		NM	*

* For the three months ended March 31, 2013 and the years ended December 31, 2012, 2011, 2010, 2009 and 2008, earnings were less than fixed charges by $7.2 million, $252.1 million, $243.6 million, $172.3 million, $95.9 million and $1.3 million, respectively.