AK Steel Announces July Surcharge for Electrical Steel Products

Middletown, OH, June 11, 2004—AK Steel (NYSE: AKS) said today that the surcharge for its electrical steel sheet and strip products will be $80 per ton ($4.00/cwt.), effective with shipments on July 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, 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.