HAMILTON, ON, Nov. 16 /CNW/ - Stelco Inc. (TSX:STE) today announced that the Thirty-Ninth Report of the Monitor in the matter of the Company's Court- supervised restructuring has been filed. The full text of the Report can be accessed through a link available on Stelco's web site. The Report contains information concerning the meetings of affected creditors of Stelco and a number of its subsidiaries held on November 15, 2005. This information includes the reports on attendance at those meetings. The Report notes that the meetings were adjourned until November 21, 2005. The Monitor notes that if a plan is accepted by the affected creditors on November 21, 2005, a motion to sanction the plan will be heard in early December, 2005. If a plan is not accepted on November 21, 2005, the Court will hear motions for alternative processes or proceedings on November 25, 2005. 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