Stelco now expects lower operating earnings in Q2 2005

Stelco press release

Stelco Inc. announced today that, while it continues to expect solid performance in the second quarter of 2005 from a historical perspective, operating earnings in the quarter are now expected to be considerably below the level of the first quarter of 2005 largely due to lower spot market prices as well as higher energy costs and the flow through of higher cost inventory produced in the first quarter.

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