AK Steel To Request Rehearing of European Union Duty On Stainless Imports

 

Middletown, OH, September 16, 2003—AK Steel Corporation (NYSE: AKS) said today it plans to request a rehearing of a decision by the European Union to impose a provisional duty on certain stainless cold-rolled imports from AK Steel.

AK Steel said it had fully complied with the European Union’s investigation of imports by U.S. producers of certain grades of stainless cold-rolled steel products.  The company said that it does not believe AK Steel’s imports of these products to Europe violate anti-dumping laws.  The steels are used in numerous applications, including heat exchangers, tubing and automotive exhaust applications.  AK Steel said less than 3% of its total annual shipments are exported, and only a portion of those exports would be subject to these provisional European Union duties.

AK Steel produces flat-rolled carbon, stainless and electrical steel products for automotive, appliance, construction and manufacturing markets, as well as tubular steel products.  The company has more than 10,000 employees in plants and offices in Middletown, Coshocton, Mansfield, Walbridge and Zanesville, Ohio; Ashland, Kentucky; Rockport and Columbus, Indiana; and Butler, Pennsylvania.  In addition, the company produces snow and ice control products and operates an industrial park on the Houston, Texas ship channel.