HAMILTON, ON, Dec. 2 /CNW/ - Stelco Inc. (TSX:STE) announced today that the meetings of its creditors to consider and vote upon a restructuring plan have been adjourned until Friday, December 9, 2005. The Company indicated that the meetings of creditors of its subsidiaries will also be adjourned to the same date. On November 30, 2005 the Company had announced that it was recommending to the Court-appointed Monitor that the meetings be adjourned. The Company indicated at that time that an adjournment would provide time for the details of a restructuring plan to be finalized and Board approval to be sought. This morning the Monitor adjourned the meeting of Stelco's creditors to December 9, 2005. Courtney Pratt, Stelco President and Chief Executive Officer, said, "The task of finalizing the details of a restructuring plan has been more complex and time-consuming than had been envisioned. These adjournments will provide time in which to complete this process. While progress has been slower than we had hoped, we believe the desired end result is well worth the effort." 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