May 12, 2006 — AK Steel will increase spot market base prices by $30 per ton for all carbon steel products. The price increase takes effect with new orders received for shipment on June 1, 2006 and later.

AK Steel said, other than a small amount of hot-rolled product, the company is sold out of all carbon steel products for the second quarter of 2006.

The company will also raise prices for its zinc coating extras on new orders due to the continually escalating cost of zinc. AK Steel noted that zinc prices are hitting record levels almost daily. AK Steel had previously increased prices of its zinc coating extras by 70% (effective April 1, 2006) and by 40% (effective June 1, 2006) because of rapidly rising zinc prices. This week, prices for zinc again hit record highs at over $1.70 per pound, nearly triple the price of a year ago.

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.