HAMILTON, ON, Nov. 30 /CNW/ - Stelco Inc. (TSX:STE) today announced that the following letter was delivered this afternoon: "November 30, 2005 Mr. Robert I. Thornton ThorntonGroutFinnigan LLP Barristers and Solicitors Suite 3200, CP Tower 100 Wellington Street West P.O. Box 329, TD Centre Toronto, Ontario M5K 1K7 Dear Mr. Thornton: Re: Letter of Paul G. Macdonald I'm writing to you in your capacity as counsel to the Court-appointed Monitor concerning a letter from Mr. Macdonald, counsel to the informal committee of convertible debenture holders. In his letter, the nature of which has been reported in the news media, Mr. Macdonald quotes me as having told the media that Justice Farley was intimately involved in the negotiations that led to the agreement on a restructuring plan announced on November 23, 2005. Mr. Macdonald goes on to suggest that Justice Farley should no longer preside over this file on the basis of a possible apprehension of bias or prejudgment resulting from this involvement. Allow me to set the record straight in this matter. The essence of what I actually told the media is this: While Justice Farley was, indeed, involved in the discussions among stakeholder groups, that involvement consisted of pressing the parties to come together and to reach an agreement. At no time did he participate in the actual negotiations between the parties. I do hope this places my reported comments to the media, and Mr. Macdonald's interpretation of those comments, in their proper context. As Mr. Macdonald's letter and his allegations are in the public domain, I am taking the liberty of providing this letter to the stakeholders who deserve to know our response. Sincerely, "signed" Courtney Pratt President and Chief Executive Officer" 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 %SEDAR: 00001549E