HAMILTON, ON, April 26 /CNW/ - Stelco Inc. (TSX:STE) today applied for and was granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring from April 29, 2005 until July 8, 2005. Citing the Court-appointed Monitor's grounds for supporting the extension, Courtney Pratt, Stelco's President and Chief Executive Officer, said, "This extension is in the interests of all stakeholders. It will maintain operational and financial stability while we continue discussions with stakeholders, pursue the capital raising process, complete the claims procedure and develop a restructuring plan." 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