Stelco announces adjournment of motions

HAMILTON, ON, Aug. 18 /CNW/ - Stelco Inc. (TSX:STE) today announced that
the Superior Court of Justice (Ontario) has agreed to a request to adjourn
motions in the matter of the Company's Court-supervised restructuring that
were scheduled to be heard today. The request, heard in Court this morning,
was made at the initiative of the Court-appointed Monitor and with the consent
of the parties that had brought the motions (the USW International and five
USW Locals) and filed a responding motion (the Company).
Under the terms of the initiative, the motions have been adjourned sine
die (without a date being fixed for a future hearing in the matter). They may
be brought back on not less than 48 hours notice over two business days and on
the term that no additional materials in respect of the motions will be filed
prior to the giving of such notice.
Courtney Pratt, Stelco President and Chief Executive Officer, said, "We
continue to pursue a restructuring plan that is achievable, fair and
reasonable for all stakeholders. Our goal remains the emergence of a viable
and competitive Stelco at Lake Erie and in Hamilton."

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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