Wheeling-Pittsburgh
Announces Price Increase

March 2, 2007 — Wheeling-Pittsburgh Steel Corp. announced that it will raise transaction prices $50 per ton with orders scheduled for shipments effective April 1, 2007.

"This price increase is in response to increased demand for carbon steel flat rolled products," said Thomas E. Mihelcic, Vice President-Commercial.

"We believe the Domestic Steel marketplace continues to improve with strong underlying fundamentals and rapidly improving Service Center inventories,” said Mihelcic. “Moreover, Global Steel demand is robust across all industry segments."

Wheeling-Pittsburgh was organized as a Delaware corporation on June 27, 1920 under the name Wheeling Steel Corp. Headquartered in Wheeling, W.Va., the company has major production facilities in the Upper Ohio and Monongahela valleys. Wheeling-Pittsburgh is a holding company that, together with its several subsidiaries and joint ventures, produces steel and steel products using both integrated and electric arc furnace technology. The company has slab-making production capacity of 2.8 million tons and hot rolling capacity of 3.4 million tons. Approximately 65% of its sales are comprised of high value-added products.