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Wheeling Pittsburgh Steel Announces Raw Materials Surcharge

Jan. 8, 2004 — Wheeling-Pittsburgh Steel Corp. has announced a $30.00 per ton surcharge on shipments of all steel and steel products effective immediately and until further notice.

Steven W. Sorvold, Vice President—Commercial of WPSC and COO of Wheeling Corrugating Co., said that the increase is based on the dramatic increases in the cost of raw materials.

"This industry has experienced an unprecedented increase in both the cost and the availability of our raw materials," said Sorvold. "We have worked hard to lower and to control our own operating costs. We continue to invest in new technology to give our customers the highest quality steel at a competitive cost structure."

Wheeling-Pittsburgh Steel Corp. is a metal products company with 3,100 employees in facilities located in Steubenville, Mingo Junction, Yorkville, and Martins Ferry, Ohio; Beech Bottom and Follansbee, W.Va.; and Allenport, Pa. The company's Wheeling Corrugating Division has 12 plants located throughout the United States.

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