AK Steel To Increase Non-Oriented Electrical Steel Prices

Middletown, OH, March 11, 2004—AK Steel (NYSE: AKS) today announced a $140 per ton increase in the transaction price of fully processed and semi-processed grades of Cold Rolled Non-Oriented (CRNO) electrical steels.  The increase is effective with shipments on and after April 1, 2004.

Non-Oriented electrical steels are used as energy efficient core material for generators, lighting systems and electric motors.

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