AK Steel Announces Stainless Sheet Price Increase

MIDDLETOWN, Ohio, Aug. 23 /PRNewswire-FirstCall/ — AK Steel said today that it will increase transaction prices for all stainless hot- rolled sheet and strip and continuous mill plate products by approximately 10%, effective September 3, 2006. The increase will be accomplished through a five percentage point reduction in the functional discount rate. The company said that its published stainless product surcharges remain in effect.

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/