Nov. 29, 2006 — Wheeling-Pittsburgh Corp. announced that fourth quarter 2006 results will be below previous expectations.

The company says it no longer expects that it will have positive fourth quarter EBITDA, attributing the drop to weaker-than-anticipated market conditions.

Wheeling-Pittsburgh says it expects pricing and shipments to be below original forecasts, while higher costs for some raw materials are expected to negatively impact the cost of sales.

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 the company’s sales are comprised of high value-added products.