Stelco announces filing of 30th Monitor's Report

HAMILTON, ON, May 18 /CNW/ - Stelco Inc. (TSX:STE) today announced that
the Thirtieth Report of the Monitor in the matter of the Company's        
Court-supervised restructuring was filed today. The full text of the Report
can be accessed through a link available on Stelco's Web site.
Most of the Report provides background to, and an update on, the proposal
for a mediation process as first outlined in the Monitor's 29th Report. The
Monitor reports that it has consulted with representatives of various
stakeholder groups regarding the concept of a mediation and the appointment of
the Hon. George Adams as the mediator.
The Report states that the Hon. George Adams has indicated his
willingness to serve as mediator. The Monitor adds that, should he be
appointed mediator, Mr. Adams would be available to begin meeting with
stakeholders regarding the process during the week of May 23, 2005. The Report
adds that the Monitor would be prepared to participate in the process to
whatever degree the Court directs or the mediator may request.

About Stelco
Stelco Inc. is a large, diversified steel producer. Stelco is involved in
major segments of the steel industry through its integrated steel business,
mini-mills, and manufactured products businesses. This news release may
contain forward-looking information with respect to the Corporation's business
operations, financial performance and conditions. Actual results may differ
from expected results for a variety of reasons including factors discussed in
the Corporation's Management's Discussion and Analysis section of the
Corporation's 2004 Annual Report. To learn more about Stelco and its
businesses, please refer to our Web site at www.stelco.ca.


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