AK Steel Announces Carbon Steel Price Increase


West Chester, OH, January 09, 2008—AK Steel (NYSE: AKS) said today that it will increase spot market prices for its carbon steel products by $50 per ton for all new orders accepted for shipment on February 1, 2008 and later. This price increase is in addition to a previously announced increase of $30 per ton for carbon steel products, which is also effective with February 1, 2008 shipments.

AK Steel said that the price increase is in response to increased demand for carbon steel products, as well as the need to recover higher costs for steelmaking inputs.

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.