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Wheeling-Pittsburgh Corp. announced the pricing of a public offering of 3,650,000 shares of common stock, including 477,602 shares offered on behalf of certain selling shareholders, at a public offering price of $29.00 per share. Wheeling-Pittsburgh has granted the underwriters a 30-day option to purchase up to 547,500 additional primary shares of common stock to cover over-allotments, if any.

Wheeling-Pittsburgh expects to receive net proceeds, after the underwriting discount and all expenses, of approximately $84.9 million. The company anticipates using net proceeds to repay the outstanding indebtedness under its revolving credit facility as of the closing of the offering and, to the extent of any excess, to fund ongoing capital expenditures.

UBS Securities LLC is acting as sole book-running manager and KeyBanc Capital Markets, a division of McDonald Investments Inc., is acting as co-manager for the offering.

The company cautions that this announcement does not constitute an offer to sell or the solicitation of an offer to buy, and that there shall not be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This offering of shares of common stock may be made only by means of a prospectus, a copy of which can be obtained from UBS Securities LLC.

Wheeling-Pittsburgh Corp., together with its primary subsidiary, Wheeling-Pittsburgh Steel Corp., is a metal products company with 3100 employees. Its facilities are in Steubenville, Mingo Junction, Yorkville, and Martins Ferry, Ohio; Beech Bottom and Follansbee, W.Va.; and Allenport, Pa.

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