AK Steel To Increase Prices For Stainless Steel Products

Middletown, OH, May 10, 2006—AK Steel (NYSE: AKS) said today that it will increase transaction prices for all hot-rolled and cold-rolled stainless steel sheet, strip, tubular quality and continuous mill plate products by approximately 6%, effective with shipments on May 21, 2006.  The price increases will be accomplished through a two percentage point reduction in the functional discount rate. 

AK Steel also said that it will increase polish finish extras on stainless steels by 17%.

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.