Dofasco Tubular Products Announces Definitive Agreement to Sell Elizabethtown Stainless Tube Making Facility

    HAMILTON, ON, Aug. 8 /CNW/ - Dofasco Tubular Products Corporation today
announced the signing of a definitive purchase agreement on the sale of its
Elizabethtown, Kentucky stainless tube making facility to Samuel Manu-Tech
Inc. of Mississauga, Ontario.
    After a strategic and operational review of its business, Dofasco Tubular
Products engaged in the sale of its Elizabethtown stainless steel tubing
facility in order to focus on its core carbon steel businesses of Mechanical
and Automotive tubing.
    Bill Chisholm, President of Dofasco Tubular Products states, "We are
pleased to be able to sell this facility to a company of Samuel Manu-Tech's
reputation and expertise. Although stainless tubing did not fit with our core
business, it is a specialty product that is an excellent fit with the Samuel

    Dofasco Tubular Products is a wholly owned subsidiary of Dofasco Inc. a
leading North American steel solutions provider and member of the
ArcelorMittal group. Product lines include hot rolled, cold rolled,
galvanized, Extragal(TM), Galvalume(TM) and tinplate flat rolled steels, as
well as tubular products and laser-welded blanks. 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

For further information:

For further information: Tom Ferns, (905) 548-7200 ext. 2200; Dale
Laidlaw, (905) 548-7050

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