Stelco announces filing of 36th Monitor's Report

HAMILTON, ON, Sept. 2 /CNW/ - Stelco Inc. (TSX:STE) today announced that
the Thirty-Sixth 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.
The Report deals primarily with the Monitor's suggestion that Stelco seek
a brief extension of the stay period from September 9, 2005 till September 23,
2005. The Monitor notes that meaningful and productive discussions have been
and are taking place between Stelco and certain of its stakeholders. The
Monitor adds that the discussions should continue in a focused environment.
The Monitor reports that it has canvassed many stakeholder groups with
respect to their position regarding a brief stay extension request. The Report
notes that many of the stakeholder groups either support or do not oppose the
extension to allow the productive discussions to continue.
For these reasons, and to maintain stability while the meaningful
discussions continue, the Monitor recommends that the request for an extension
of the stay period be granted.

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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