New blood at Stelco

STELCO INC. NEWS RELEASE

****************** Stelco announces appointments to board of directors

HAMILTON, ON, Feb 18, 2005 - Stelco Inc. (TSX:STE) today announced the appointment of Roland Keiper and Michael Woollcombe to its Board of Directors, effective immediately.

Mr. Keiper is the President of Clearwater Capital Management Inc., a Toronto-based investment manager.

Prior to co-founding Clearwater in 1999, Mr. Keiper headed the Canadian proprietary investing activities of RBC Dominion Securities.

Mr. Woollcombe is a principal of VC & Co. Incorporated, which acts as a strategic advisor to institutional and other shareholders with respect to their investments in Canadian public and private companies.

Prior to the establishment of VC & Co. Incorporated Mr. Woollcombe practised corporate and securities law with a major Toronto law firm.

Stelco indicated by way of background that its Board had received specific requests from a number of shareholders to consider such appointments.

Shareholders holding in excess of 35% of the Company's shares were supportive of the appointments.

After careful consideration, and given potential recoveries at the end of the Company's restructuring process, the Board responded favourably to the requests by making the appointments announced today.

Richard Drouin, Chairman of Stelco's Board of Directors, said, "I'm pleased to welcome Roland Keiper and Michael Woollcombe to the Board. Their experience and their perspective will assist the Board as it strives to serve the best interests of all our stakeholders. We look forward to their positive contribution."

With today's appointments Stelco's Board consists of nine members.

Mr. Drouin said that other appointments to the Board may be forthcoming.

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