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AK Steel Declares Regular Dividend    

6 October 1999

AK Steel Declares Regular Dividend    

    MIDDLETOWN, Ohio, Oct. 6 -- AK Steel said its
board of directors declared a regular quarterly common stock dividend of
$0.125 per share, payable on November 17, 1999 to shareholders of record on
October 21, 1999, including those who were formerly common shareholders of
Armco Inc., which was acquired on September 30, 1999.
    (PHOTO:  http://www.newscom.com/cgi-bin/prnh/19990901/AKSLOGO )
    AK Steel also said that it expects to report third quarter earnings
following the close of the market on October 21, 1999.  The company noted
that, because of pooling of interests accounting, reported results would
include the operations of Armco for the entire period.
    AK Steel produces flat-rolled carbon, stainless and specialty electrical
steel products for automotive, appliance, construction and manufacturing
markets, as well as standard pipe and tubular steel products.  AK Steel is
headquartered in Middletown, Ohio.  It employs about 11,500 men and women in
plants and offices in Middletown, Coshocton, Dover, Mansfield, Warren and
Zanesville, Ohio; Ashland, Kentucky; Rockport, Indiana; and Butler, Sharon,
Wheatland and Pittsburgh, Pennsylvania.  The company also produces snow and
ice control products and operates an industrial park on the Houston, Texas
ship channel.