HAMILTON, ON, Feb. 27 /CNW/ - Stelco Inc. (TSX:STE) announced today that it has been in discussions with the Toronto Stock Exchange concerning requests received from the TSX to delist the Company's common shares. Discussions are ongoing. As disclosed on previous occasions, and as reflected in Stelco's approved restructuring plan, there is insufficient value in the Company under the plan to provide recovery for the current common shareholders. As a result, the existing common shares will be eliminated on plan implementation with no value being attributed to them. Stelco advised today that it expects to file a delisting application with the Toronto Stock Exchange as soon as it is confident with respect to the satisfaction of all major business issues relating to implementation of the Company's restructuring plan. Stelco anticipates that it will be able to make this determination on or about March 2, 2006, in which case a delisting application is expected to be filed shortly thereafter. 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 Ontario- based integrated steel business 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 2004 Annual Report. To learn more about Stelco and its businesses, please refer to our Web site at www.stelco.ca. %SEDAR: 00001549E