Stelco Chief Financial Officer to retire

HAMILTON, ON, May 4 /CNW/ - Stelco Inc. (TSX:STE) announced today that
William E. (Bill) Vaughan will retire as Chief Financial Officer of the
Company, effective May 20, 2006.
Bill has had a distinguished 38-year career with Stelco. A Certified
Management Accountant, he joined the Company in 1968. Since then he has held a
number of executive positions in the areas of administration, planning and
control, and finance. He was named Senior Vice President - Finance in
January 2004 and Chief Financial Officer in April of that year. He played a
central role in the Company's recent successful restructuring under the
Companies Creditors Arrangement Act. Bill has indicated that he is prepared to
assist during a transition period.

About Stelco

Stelco is one of Canada's largest publicly-traded 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. 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.

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