Stelco announces filing of updated draft restructuring plan

HAMILTON, ON, Sept. 30 /CNW/ - Stelco Inc. (TSX:STE) today announced that
it has filed an updated draft restructuring plan with the Court.
Stelco had filed a draft plan on September 20, 2005. The Company has
worked since then to update and finalize terms of that draft.
The amendments contained in the updated draft plan filed today include
refinements to the terms of the securities to be issued under the plan and
changes that are mainly technical in nature. The principal elements of the
draft plan remain in place.

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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