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AK Steel to Increase Prices for Stainless Steel Products

Posted on: Tuesday, 25 July 2006, 18:01 CDT

MIDDLETOWN, Ohio, July 25 /PRNewswire-FirstCall/ -- AK Steel said today that it will increase transaction prices for all hot-rolled and cold-rolled stainless steel sheet, strip, tubular quality and continuous mill plate products by approximately 6%, effective with shipments on August 6, 2006. The transaction price increases will be accomplished through a two percentage point reduction in the functional discount rate, which equates to approximately $70 per ton.

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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