HAMILTON, ON, May 18 /CNW/ - Stelco Inc. (TSX:STE) today announced that the Thirtieth 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. Most of the Report provides background to, and an update on, the proposal for a mediation process as first outlined in the Monitor's 29th Report. The Monitor reports that it has consulted with representatives of various stakeholder groups regarding the concept of a mediation and the appointment of the Hon. George Adams as the mediator. The Report states that the Hon. George Adams has indicated his willingness to serve as mediator. The Monitor adds that, should he be appointed mediator, Mr. Adams would be available to begin meeting with stakeholders regarding the process during the week of May 23, 2005. The Report adds that the Monitor would be prepared to participate in the process to whatever degree the Court directs or the mediator may request. 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