HAMILTON, ON, March 29 /CNW/ - Stelco Inc. announces that the Fifty-Seventh Report of the Monitor in the matter of the Company's Court-supervised restructuring was served this afternoon. The full text of the Report will be accessible through a link available on Stelco's web site. The Monitor expresses the view that, as at the time of the Report, it appears as though the Company's restructuring plan and reorganization of its corporate structure will be implemented as planned on March 31, 2006. The Report also reviews the previously announced process of finalizing and posting certain principal documents in connection with the restructuring and reorganization. The Report lists the parties to each of those documents. The Monitor indicates that it will seek an Order extending the protection afforded it under Stelco's CCAA process until it is discharged. While plan implementation is expected to occur on March 31, 2006, the Monitor's duties will extend beyond that date. It may be several months before the claims procedure and other matters for which the Monitor is responsible are completed. About Stelco Stelco is one of Canada's longest-established steel companies. It is currently in the final stages of a Court-supervised restructuring. This process is designed to establish the Company as a viable and competitive producer for the long term. The new Stelco will be 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. 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 2005 Annual Report. To learn more about Stelco and its businesses, please refer to our Web site at www.stelco.ca. %SEDAR: 00001549E