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AK Steel Announces Price Increases for Stainless Steel Automotive Exhaust Alloys

Posted on: Wednesday, 6 June 2007, 09:00 CDT

MIDDLETOWN, Ohio, June 6 /PRNewswire-FirstCall/ -- AK Steel said today that it will increase transaction base prices by 10% to 16% for stainless steel alloys used primarily in automotive exhaust applications, effective with shipments on July 1, 2007.

The transaction price will increase by 10%, or $120 per ton, for Type 409, and by 10%, or $180 per ton, for Type 439. Transaction prices will also increase by 10% for Type 409 Ni, Aluminized 409 and Aluminized 439. Due to recent increases in the cost of columbium (also known as niobium), transaction base prices for 18 Cr-Cb(TM), 15 Cr-Cb(TM) and 410 Cb will increase by approximately 16%.

The company said that all of its existing raw material surcharges will remain in effect. Surcharges are posted monthly on the company's web site at http://www.aksteel.com/.

Headquartered in Middletown, Ohio, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.

AK Steel Corporation

CONTACT: Media, Alan H. McCoy, Vice President, Government and PublicRelations, +1-513-425-2826, or Investors, Albert E. Ferrara, Jr., VicePresident, Finance & CFO, +1-513-425-2888, both of AK Steel Corporation

Web site: http://www.aksteel.com/

Source: PRNewswire-FirstCall

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