Dofasco provides update on redemption of medium term notes

    HAMILTON, ON, April 27 /CNW/ - Dofasco Inc. announced today that it has
received the required written resolutions from noteholders authorizing
amendments to the terms and conditions of each series of notes that will
permit the redemption of the 7.55% notes due October 1, 2008 at the Canada
Yield Price and the redemption of the 4.961% notes due June 15, 2017 at par,
in each case plus accrued but unpaid interest. Dofasco previously announced
its intention to redeem the notes on April 9, 2007.
    The resolutions were approved by RBC Dominion Securities Inc. who holds
approximately 71.4% of the Company's outstanding 7.55% unsecured medium term
notes due October 1, 2008 and 85% of the Company's 4.961% unsecured medium
term notes due June 15, 2017.
    It is currently anticipated that the formal amendments to the trust
indentures will be made in early May and a notice of redemption will be sent
to the registered holders of notes at that time.

    Dofasco is a leading North American steel solutions provider. Product
lines include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM)
and tinplate flat rolled steels, as well as tubular products. Dofasco's wide
range of steel products is sold to customers in the automotive, construction,
energy, manufacturing, pipe and tube, appliance, packaging and steel
distribution industries.

For further information:

For further information: Gordon Forstner, (905) 548-7200 ext. 2200

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