AK Steel Announces Price Increases For Oriented Electrical Steels

Middletown, OH, June 30, 2005—AK Steel (NYSE: AKS) today announced that it will increase spot market transaction prices for its Regular Grain Oriented and TRAN-COR® H electrical steel products, effective with shipments on and after August 1, 2005.   

An increase of 18% over current base market prices will be applied to AK Steel’s Mill-Anneal (glass film) finish and Lite CARLITE® grain-oriented grades, which are commonly used in distribution transformers and other wound-core transformer applications.  

Transaction prices for AK Steel’s grain-oriented and TRAN-COR H grades with a full CARLITE coating will increase by 43% over current base market prices.   These steel products are commonly used in stacked core transformers.  

AK Steel said it also expects new contract pricing for oriented electrical steels to increase by similar amounts, reflecting strong worldwide demand for the products.   In addition, AK Steel noted that its raw material surcharge will continue for electrical steel products.

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.