AK Steel Announces Stainless Sheet Price Increase

Middletown, OH, June 19, 2006—AK Steel (NYSE: AKS) said today that it will increase transaction prices for all hot-rolled and cold-rolled stainless steel sheet and strip products, tubular-quality products and continuous mill plate products by approximately six percent, effective with shipments on July 2, 2006.  The price increases will be accomplished through a two percent reduction in the functional discount rate.  The company said that its published stainless product surcharges remain in effect.

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.