Dofasco issues C$250 Million 12-Year Medium Term Notes

HAMILTON, ON, June 10 /CNW/ - Dofasco Inc. announced today that it
intends to issue 12-Year Amortizing notes (10.5 Year Average Life) under its
Medium Term Note program pursuant to a Short Form Shelf Prospectus dated
November 24, 2004.
The C$250 million issue of 4.961% unsecured, non-redeemable notes will
mature June 15, 2017. The principal will be repaid over 4 years in equal
amounts commencing on June 15, 2014. The notes will be issued through a group
of Canadian dealers consisting of RBC Dominion Securities, Scotia Capital, BMO
Nesbitt Burns, National Bank Financial and TD Securities.
The transaction is scheduled to close on Wednesday, June 15, 2005.
Dofasco is a leading North American steel solutions provider. Product
lines include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM)
and tinplate flat rolled steels, as well as tubular products, laser-welded
blanks and Zyplex(TM), a proprietary laminate. Dofasco's wide range of steel
products is sold to customers in the automotive, construction, energy,
manufacturing, pipe and tube, appliance, packaging and steel distribution
industries.

This News Release may contain forward-looking information with respect to
Dofasco's operations and future financial results. Actual results may differ
from expected results for a variety of reasons including the factors discussed
in the Management's Discussion and Analysis section of Dofasco's 2004 Annual
Report and the Quarterly Report to Shareholders for the period ended March 31,
2005. This News Release has been reviewed by the Audit Committee of Dofasco's
Board of Directors.