Applications for AK Steel’s African-American Business and Engineering Scholarships Now Available

Middletown, OH, October 10, 2003—AK Steel (NYSE: AKS) said today that applications for its African-American Business and Engineering scholarships are now available.  AK Steel, for the second year, is offering the scholarships to African-American students who are college juniors or seniors majoring in business or engineering programs.  Applicants must also have graduated from a Butler County, Ohio or Warren County, Ohio high school.

“AK Steel is proud to sponsor this program which recognizes outstanding African-American college students who graduated from our corporate headquarters-area high schools,” said James L. Wainscott, acting chief executive officer of AK Steel. 

The scholarship program was developed with the assistance of the Middletown branch of the National Association for the Advancement of Colored People (NAACP).  Scholarship winners will be honored at the Middletown NAACP’s annual banquet on February 27, 2004.  Last year’s inaugural scholarship winners were Tinisha M. McKnight, a 2000 graduate of Middletown High School, and Charles E. Lockhart III, who graduated from Lakota East High School, West Chester, Ohio, in 1999.

“I appreciate AK Steel providing this college scholarship program in support of local African-American students,” commented Louie Cox, president of the Middletown branch of the NAACP.  “It is my hope that this program will help encourage some of our talented young people to return to the Middletown area upon their college graduation,” he said.

The $4,000 annual scholarships will be awarded to college students entering their third or fourth year of undergraduate studies at accredited U.S. colleges and universities. 

The Middletown Community Foundation administers the scholarship program and will determine eligibility, process all applications and identify scholarship winners.  Scholarship applications are available from the Middletown Community Foundation, 36 Donham Plaza, Middletown, Ohio 45042 (telephone: 513-424-7369), at college financial aid offices, and on the company’s web site at www.aksteel.com where it can be downloaded.  Completed applications must be received at the Middletown Community Foundation on or before December 31, 2003.

Central State University Grants

Since 2001, AK Steel has also provided scholarship grants to Central State University in Wilberforce, Ohio, the state’s only publicly supported historically black university.  The grants provide financial assistance and summer internship opportunities to undergraduate students majoring in business, computer science or engineering.  AK Steel received an award from Central State in 2001 for its support of higher education.

AK Steel produces flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products.  The company has more than 10,000 employees in plants and offices in Middletown, Coshocton, Mansfield, Walbridge and Zanesville, Ohio; Ashland, Kentucky; Rockport and Columbus, Indiana; and Butler, Pennsylvania.  In addition, the company produces snow and ice control products and operates an industrial park on the Houston, Texas ship channel.