AK Steel Completes Sale of Greens Port Industrial Park in Houston

Middletown, OH, April 12, 2004—AK Steel Corporation (NYSE: AKS) said today it had completed the sale of a 600-acre industrial park situated on the Houston Ship Channel to Greensport Management LLC of Houston, Texas, for approximately $75 million in cash.  AK Steel said it expects the transaction to generate a second quarter pre-tax gain of approximately $40 million.

Headquartered in Middletown, 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.