### What's New at WCI Steel

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### WCI STEEL, INC. TO IDLE SILICON LINE (WARREN, OHIO) November 25, 2003 - WCI Steel, Inc. announced today that its silicon electrical steel line will be idled effective Jan. 31, 2004 due to continuing volume deterioration and negative profit margins. Silicon electrical steels are used in the production of motors, generators and transformers. Product substitution and the migration of customer production to Mexico and Asia have reduced demand for WCI's silicon electrical steels. Edward R. Caine, president and chief executive officer of WCI, noted that silicon steel previously was one of WCI's most profitable product lines, but the recent shift of silicon customers' plants to outside the United States has adversely impacted demand and profit margins. "We do not see market conditions improving in the near future to the point that would allow us to produce silicon steel at a profit," Caine said. "Our order book is strong, with the exception of silicon." All current silicon orders will be filled, Caine added. On Sept. 16, 2003, WCI filed a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Ohio, Eastern Division in Youngstown WCI Steel is an integrated steelmaker producing more than 185 grades of custom and commodity flat-rolled steels at its Warren, Ohio facility. WCI products are used by steel service centers, convertors, electrical equipment manufacturers and the automotive and construction markets. The company has approximately 1,800 employees. 

### Forward-Looking Statements Forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "expect," "anticipate," "intend," "believe," "foresee" and similar expressions are intended to identify such forward-looking statements; however, this press release also contains other forward-looking statements. WCI cautions that there are various important factors that could cause actual events to differ materially from those indicated in the forward-looking statements; accordingly, there can be no assurance that such indicated events will occur. Among such factors are: general economic and business conditions; demand for WCIOs products; changes in industry capacity and levels of imports of steel or steel products; effectiveness of the remedies under Section 201 of the Trade Act of 1974; the ability to maintain sufficient liquidity during the restructuring process; the status of any on-going restructuring discussions or negotiations; industry trends, including product pricing, competition; currency fluctuations; the loss of any significant customers; availability of qualified personnel; major equipment failures; changes in, or the failure or inability to comply with, government regulation, including, without limitation, environmental regulations; the outcome of legal matters and the risk factors detailed from time to time in WCI's periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, WCI does not undertake to update them in any manner except as may be required by the Securities and Exchange Commission under federal laws. 

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## WHAT'S NEW at WCI
WCI NAMES GENTILE VICE PRESIDENT & CFO
WCI STEEL IMPLEMEMNTS ALLOY SURCHARGE

BLAST FURNACE RELINE SUCCESSFULLY COMPLETED USWA RATIFIES LABOR CONTRACT WITH WCI STEEL, INC. WCI STEEL BEGINS BLAST FURNACE RELINE WCI STEEL, INC. PROPOSES TO END EXCLUSIVITY WCI STEEL, INC. FILES PLAN OF REORGANIZATION WCI STEEL, INC. ANNOUNCES COST-CUTTING MEASURES WCI STEEL ANNOU_NCES PRICE INCREASE, SURCHARGE EXTENSION WCI NAMESTATOM PRESIDENT & CEO WCI STEEL. INC. TO IDLE SILICON LINE BANKRUPTCY COURT APPROVES DIP FINANCING FOR WCI STEEL, INC COURT APPROVES WCI FIRST DAY M0 TIONS WCI Steel, Inc. Files Chapter 11 Petition

© 2000 WCI Steel, Inc. 1040 Pine Avenue, SE HOME I About Us I Operations I Products I What's New Warren, Ohio 44483-6528 Customer Services Links I Employment Map Certifications (330) 841-8218 I e-mail: wci@wcisteel.com 

### http://www.weisteel.com/new/112503.html 8/8/2005 What's NewatWeISteel**What'~N_**



### WCI STEEL, INC. TO IDLE SILICON LINE (WARREN, OHIO) November25,2003 - WCI Steel, Inc. announced todaythat its silicon electrical steel line will be idled effective Jan. 31, 2004 due to continuing volume deterioration and negative profit margins. Silicon electrical steels are used in the production ofmotors, generators and transformers. Product substitution and the migration ofcustomer production to Mexico and Asia have reduced demand forWCI's silicon electrical steels. Edward R. Caine, president and chiefexecutive officer ofWCI, noted that silicon steel previously was one ofWCl's most profitable product lines, but the recent shift ofsilicon customers' plants to outside the United States has adversely impacted demand and profit margins. "We do not see market conditions improving in the nearfuture to the pointthat would allow us to produce silicon steel at a profit," Caine said. "Our order book is strong, with the exception of silicon." All current silicon orders will be filled, Caine added. On Sept. 16,2003, WCI filed a voluntary petition for protection under Chapter 11 ofthe U.S. Bankruptcy Code in the United States Bankruptcy Courtfor the Northern District ofOhio, Eastern Division in Youngstown WCI Steel is an integrated steelmaker producing morethan 185 grades ofcustom and commodity flat-rolled steels at its Warren, Ohio facility. WCI products are used by steel service centers, convertors, electrical equipment manufacturers and the automotive and construction markets. The company has approximately 1,800 employees. 

### Forward-Looking Statements Forward-looking statements in this press release are made pursuantto the safe harbor provisions ofthe Private Securities Litigation Reform Act of 1995. The words "expect," "anticipate," "intend," "believe," "foresee" and similar expressions are intended to identify such forward-looking statements; however, this press release also contains otherforward-looking statements. WCI cautions thatthere are various importantfactors that could cause actual events to differ materiallyfrom those indicated in the forward-looking statements; accordingly, there can be no assurance that such indicated events will occur. Among such factors are: general economic and business conditions; demand forWCIOs products; changes in industry capacity and levels of imports ofsteel or steel products; effectiveness ofthe remedies under Section 201 ofthe Trade Act of 1974; the ability to maintain sufficient liquidity during the restructuring process; the status ofanyon-going restructuring discussions or negotiations; industrytrends, including product pricing, competition; currency fluctuations; the loss ofany significant customers; availability ofqualified personnel; major equipmentfailures; changes in, orthe failure or inabilityto comply with, government regulation, including, without limitation, environmental regulations; the outcome oflegal matters and the risk factors detailed from time to time in WCl's periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, WCI does not undertake to update them in any manner except as may be required by the Securities and Exchange Commission underfederal laws.

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### WHAT'S NEW

## at WCi

WCI NAMES GENTILE VICE PRESIDENT & CFO
WCI STEEL IMPLE;MEMNTS ALLOY SURCHARGE SI,.AST FURNACE RELINE SUCCESSFULLY COMPLETED LJqWA RhTlflES LABQR CONTRACT WITH WCI STEEL, INC. WCI STEEL BEGINS BLAST flJRNACE Rl':LINE WCI STEEL, INC. PROPOSES TO END EXCLUSIVITY WCI STEEL, INC. FILES PLAN OF REORGANIZATION WCI STEEL, INC. ANNOUNCES COST-CUTTING MEASURES WCI STJ;,l':1 &NNOUNgES PRICE !N.QRE,A,qE, SlJRgttARGE EXTENSION Wgl NAr;.tESTNOM PRl':SlQENT & CEO WCI STEEL. INC. TO IDLE SILICON LINE BANKRLJPTCY COlJR_T APPROVES DIP FINA,Nc:It'>jGFOR VVCISTEEL, INC,. CQlJRTAPPROVE$ Wgj FIRST [:)1\'( MQHONS WCI Steel, Inc. Files Chapter 11 Petition

© 2000 WCI Steel, Inc. 1040 Pine Avenue, SE Warren, Ohio44483-6528 (330) 841-8218 e-mail: wci@wcisteeLcom


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### What's New at WCI Steel Page 2 of 2
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