November 20, 2008

Claymont Steel announces extension of early tender date

Claymont Steel Inc announced the results to date of its previously announced cash tender offer for any and all of its outstanding 8.875% Senior Notes due 2015.

As of July 16th 2008, USD 105 million in aggregate principal amount of the Notes, representing 100% of the outstanding Notes, was validly tendered.

The Company also announced that it is extending the early tender date of the tender offer to July 24th 2008. Holders who have previously tendered their Notes do not need to r -tender their Notes or take any other action in response to this extension. The withdrawal deadline for the Notes expired on July 16th 2007. Accordingly, holders may no longer withdraw any Notes previously tendered.

RBS Greenwich Capital is acting as dealer manager for the tender offer. The information agent and depositary for the tender offer is DF King & Co Inc.