HAMILTON, ON, March 29 /CNW/ - Stelco Inc. (TSX:STE) today announced that, for the period from March 31, 2007 to September 29, 2007 inclusive, the rate of interest per annum for Stelco's floating rate notes due 2016 will be 10.82%. The foregoing interest rate, which has been established in accordance with the terms of the indentures governing the floating rate notes, is subject to adjustment in certain circumstances as provided for in such indentures.
About Stelco
Stelco is one of Canada's largest steel companies. It is focused on its two Ontario-based integrated steel businesses located in Hamilton and in Nanticoke. These operations produce high quality value-added hot rolled, cold rolled, coated sheet and bar products. To learn more about Stelco and its businesses, please refer to our Web site at www.stelco.com.
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