AK Steel Announces June Surcharges

Middletown, OH, May 17, 2006—AK Steel (NYSE: AKS) has advised its flat-rolled carbon steel customers that a $193 per ton surcharge will be added to invoices for products shipped in June 2006.   AK Steel has also advised its electrical steel customers that a $210 per ton surcharge will be added to invoices for electrical steel products shipped in June 2006.   June 2006 surcharges for the broad range of stainless steel products that AK Steel produces can be found on the company’s web site at www.aksteel.com.

AK Steel’s surcharges are based on reported prices for raw materials and energy used to manufacture the products, with the April 2006 purchase cost used to determine the June 2006 surcharges. 

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.