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Stelco Holdings Inc. is listed on the TSX under the symbol "STLC"

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Stelco appoints new director

    HAMILTON, ON, March 8 /CNW/ - Stelco Inc. (TSX:STE) is pleased to
announce the appointment of Derek G. Pannell as a director of Stelco.
    Mr. Pannell is a metallurgical engineer with over 35 years of experience
in the mining and metals industry. Mr. Pannell was the Chief Executive Officer
of Noranda Inc. and Falconbridge Limited from June 2002 to October 2006.
Currently, Mr. Pannell is a managing partner of Brookfield Asset Management
Ltd. and a director of Teck Cominco Ltd.
    Courtney Pratt, the Chairman of Stelco, commented: "We welcome Derek to
Stelco and the Board looks forward to benefiting from his considerable
experience."
    Stelco regrets to announce that D. Anthony (Tony) Molluso, a former
director of Stelco, passed away earlier this year. Mr. Molluso made a valued
contribution to Stelco's board of directors and will be missed by his
colleagues and friends at Stelco.

    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: Courtney Pratt, Chairman, Telephone: (416)
301-1375

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