Dofasco Redeems Its Medium Term Notes

HAMILTON, ON, May 15 /PRNewswire/ — Dofasco Inc. announced today that it has completed the redemption of all of the Company’s issued and outstanding 7.55% Series B Notes due October 1, 2008 and all of the Company’s issued and outstanding 4.961% Series A Notes due June 15, 2017, in each case plus accrued but unpaid interest.

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.

Dofasco Inc.

CONTACT: Gordon Forstner, (905) 548-7200 ext. 2200