What's New at WCI Steel

L, I I E , l,1===1'.: I'

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.

us 1'

Page 1 of 2

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

 EE-RM/STD-00-550 COMMENT 86

What's New at WeI Steel 

What'~N_ 

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 WCl'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 steel maker 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 anyon-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 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 under federal 

laws. 

HOME: I About Us I Operations I Prgducts I What's New 

Customer Services I Links I Employment I Map I CE3rtifications 

http://www.wcisteel.com/new 1112503 .html 

Page 1 of2 

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, Ohio 44483-6528 

(330) 841-8218 

e-mail: wci@wcisteeLcom 

8/8/2005 
What's New at WCI Steel Page 2 of 2

PRIVACY POLICY

http://www.wcisteel.com/new/112503.html 8/8/2005

 EE-RM/STD-00-550 COMMENT 86

What's New at WeI Steel Page 2 of2 

PRIVACY POLICY 

http://www.wcisteel.comlnewI112503 .html 8/8/2005