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Dofasco responds to revised ThyssenKrupp offer

HAMILTON, ON, Jan. 3 /CNW/ - Dofasco Inc. acknowledged today the
announcement by ThyssenKrupp AG of a revised offer for all of Dofasco's common
shares at an increased price of $63 per share, matching the offer price
announced by Arcelor S.A. on December 23, 2005.
"The Special Committee of Dofasco's Board of Directors is continuing to
support the ThyssenKrupp offer in its recommendation to Dofasco shareholders
primarily on the basis that it is less conditional than the Arcelor offer,
while offering the same cash price to shareholders," said Brian MacNeill,
Chair.

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 contains 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 Reports to Shareholders for the periods ended
March 31, 2005, June 30, 2005 and September 30, 2005.