AK Steel Announces Carbon Steel Price Increase

Middletown, OH, December 03, 2004—AK Steel (NYSE: AKS) said today that it will increase base prices for all its carbon, flat-rolled steel products by $50 per net ton, effective with shipments on and after January 1, 2005.    The increase applies to steel sold in the spot market.

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