June 29, 2006 — Rodney B. Mott, President and CEO of Stelco Inc. announced the appointment of J. Kenneth Rutherford as Chief Financial Officer of the company.

Commenting on the appointment, Rodney Mott said, "We are very pleased to have Ken join the Stelco team. His diverse background and broad financial knowledge will be an asset to our team as we work together to meet our goals and return Stelco to profitability.

Mr. Rutherford, who will join Stelco on August 1, 2006, brings extensive financial expertise and executive leadership developed across multiple industries and business environments. He joins Stelco from Cushman & Wakefield LePage Inc., where he was Senior Vice President and Chief Financial Officer for the past three years.

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, which produce high quality value-added hot rolled, cold rolled, coated sheet and bar products.