AK Steel Announces June Surcharge for Electrical Steel Products

Middletown, OH, May 14, 2004—AK Steel (NYSE: AKS) said today that the surcharge for its electrical steel sheet and strip products will be $110 per ton ($5.50/cwt.), effective with shipments on June 1, 2004.   AK Steel previously implemented a surcharge on its electrical steels beginning with February 2004 shipments. 

The amount of the surcharge is adjusted monthly based upon changes in raw material costs.   This surcharge has been implemented to partially offset extraordinary increases in raw material costs, particularly costs of energy and steel scrap. 

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.