March 14, 2006 — Stelco Inc.’s incoming board of directors will appoint Rodney Mott as the company's next President and CEO.

Mr. Mott’s appointment will be made when the new board assumes office upon the company's emergence from its court-supervised restructuring process, which is scheduled to occur on March 31, 2006. It is anticipated that he will assume his new responsibilities immediately thereafter.

Mr. Mott, a North American steel industry veteran with over 30 years of experience in the business, is currently serving as a consultant to Tricap Management Ltd., one of Stelco's three financial sponsors.

"We are very pleased to welcome Rodney Mott to Stelco,” commented Chairman designate Courtney Pratt, who is currently serving as Stelco’s President and CEO. “He is a highly regarded industry leader with the skills and experience to enhance our success going forward and create opportunities and value for all of our stakeholders."

Rodney Mott brings to Stelco significant senior management experience in such areas as restructuring, labor relations, marketing, acquisitions, plant expansion and construction. In his most recent role, Mott was influential in the restructuring and consolidation of the U.S. steel industry as President and CEO of International Steel Group Inc., until its sale to Mittal Steel Co. in April 2005. Prior to that, he served as President and CEO of Pechiney Rolled Products (2000–2001). From 1988 until 2000, he held positions of increasing responsibility at Nucor, including Manager of Hot Rolling at Crawfordsville; General Manager and, later (following startup), Vice President and General Manager of the Hickman, Ark., facility; and Vice President and General Manager of the Berkeley, S.C., facility, which he also started up. Prior to 1988, he also held various roles at U.S. Steel and Lone Star Steel.

Mr. Mott earned a B.S. in Industrial Engineering from Northeastern, and a Master’s in Management Science from Trenton State College. In 1988 he served as national President of the Association of Iron and Steel Engineers, which later merged with the Iron and Steel Society to form the Association for Iron and Steel Technology (AIST) in 2004.

Stelco is one of Canada's longest-established steel companies. It is currently in the final stages of a Court-supervised restructuring, a process that is designed to establish the company as a viable and competitive producer for the long term.