Semi-Annual Interest Rate for Stelco's Floating Rate Notes



    HAMILTON, ON, March 29 /CNW/ - Stelco Inc. (TSX:STE) today announced
that, for the period from March 31, 2007 to September 29, 2007 inclusive, the
rate of interest per annum for Stelco's floating rate notes due 2016 will be
10.82%. The foregoing interest rate, which has been established in accordance
with the terms of the indentures governing the floating rate notes, is subject
to adjustment in certain circumstances as provided for in such indentures.

    About Stelco
    Stelco is one of Canada's largest steel companies. It is focused on its
two Ontario-based integrated steel businesses located in Hamilton and in
Nanticoke. These operations produce high quality value-added hot rolled, cold
rolled, coated sheet and bar products. To learn more about Stelco and its
businesses, please refer to our Web site at www.stelco.com.

    %SEDAR: 00001549E




For further information:

For further information: J. Kenneth Rutherford, Chief Financial Officer,
Stelco Inc., (905) 528-2511, Extension 2022

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STELCO INC.

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