1. California Energy Cost Premium As Applied to Steel Production at California Steel Industries, Inc. September 2008

2. Rates in red indicate steel producing states U.S. Industrial Electricity Costs * 2007 Average Price per Kilowatt-Hour for Industrial Customers National Low – West Virginia @ 3.9¢ High @ 13.6¢ Massachusetts Source: U. S. Department of Energy Energy Information Administration *Contiguous U. S. - Hawaii is higher @18.4¢

3. Rising Electricity Costs at CSI Cents per Kilowatt-Hour

4. The California Energy Cost Premium Actual Annual Electricity Cost for CSI vs. Calculated Cost for Similar Facility in Other Western States (Millions of Dollars per Year)