IPSCO First Quarter Conference Call Announcement

    LISLE, Ill., March 23 /CNW/ -- IPSCO Inc. (NYSE/TSX: IPS) will release
its 2007 first quarter results at 6:00 am Eastern Time on Tuesday, April 24,
2007. The Company has scheduled a conference call to discuss its performance
with members of the financial community at 10:00 am Eastern Time, on Tuesday,
April 24. Participating in the call will be IPSCO's President and Chief
Executive Officer, David Sutherland; Executive Vice President - Steel and
Chief Commercial Officer, John Tulloch; and Senior Vice President and Chief
Financial Officer, Vicki Avril.
    Individuals in the United States or Canada who would like to participate
in the conference should call (800) 819-9193 and use confirmation code
7431757. All other participants should call (913) 981-4911 and use
confirmation code 7431757.
    The conference call will be webcast live on the Company's web site at
http://www.ipsco.com . To listen to the live webcast, participants should
visit the site at least 15 minutes before the conference begins to register,
and if necessary, download and install the appropriate audio computer
software. The conference call, including the question and answer portion, will
be archived on IPSCO's web site under the Investor Information-Presentations
    For those who cannot participate in the scheduled call, a recording of
the conference call will be available by phone through Tuesday, May 1, 2007.
Individuals can access the recording by dialing (888) 203-1112 and entering
replay passcode 7431757.
    IPSCO is a leading low cost producer of energy tubulars and steel plate
in North America with an annual liquid steel making capacity of 4.3 million
tons. The Company operates four steel mills, eleven pipe mills, nine product
finishing facilities and nine scrap processing centers in 25 geographic
locations across the United States and Canada. IPSCO's pipe mills produce a
wide range of seamless and welded energy tubular products including oil & gas
well casing and tubing, line pipe, drill pipe, large diameter transmission
pipe, standard pipe and hollow structurals. The Company also manufactures
premium connections for oil and natural gas drilling and production under its
ULTRA(TM) brand name. IPSCO trades as "IPS" on both the New York and Toronto
Stock Exchanges. For more information about IPSCO, log on to
http://www.ipsco.com .

    This press release contains forward looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The words "believes",
"expect", "will", "can" and other expressions that are predictions of or
indicate future events, trends or prospects and which do not relate to
historical matters identify forward-looking statements. Although IPSCO Inc.
believes that the anticipated future results, performance or achievements
expressed or implied by the forward-looking statements and information are
based upon reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information because
they involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to
differ materially from anticipated future results, performance or achievement
expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include: weather
conditions affecting the oil patch; drilling rig availability; demand for oil
and gas; supply, demand and price for scrap metal and other raw materials;
supply, demand and price for electricity and natural gas; demand and prices
for products produced by the Company; general economic conditions; the extent
and timing of our ability to integrate and obtain enhancements and cost
savings following the acquisition of NS Group, Inc.; and changes in financial
markets. These and other factors are outlined in IPSCO's regulatory filings
with the Securities and Exchange Commission and Canadian securities
regulators, including those in IPSCO's 2005 Form 10-K, particularly as
discussed under the heading "Statement Regarding Forward Looking Information"
and "Risk Factors Related To Our Industry". The Company undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether as a result of new information, future events or

For further information:

For further information: Tom Filstrup, Director of Investor Relations of
 IPSCO Inc., +1-630-810-4772, tfilstrup@ipsco.com Web Site:

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