First Plate Shipped From IPSCO's Mobile Steelworks

Apr 25, 2001, 01:00 ET from IPSCO

    LISLE, Ill., April 25 /PRNewswire/ -- IPSCO (NYSE:   IPS; TSE) announced
 today that it had shipped the first material to customers from its new Mobile
 Steelworks which is expected to produce 1,250,000 tons per annum at full
 production.  The prime A36 plate in a range of sizes was shipped to Ryerson
 Tull, Metals USA and O'Neal Steel at locations in close proximity to the mill.
 The steelworks will continue to extend the range of sizes and grades
 throughout its start-up phase which is expected to last about six months
     John Tulloch, Senior Vice President and Chief Commercial Officer, stated
 that, "We are extremely pleased with the progress of the mill.  These
 shipments are further evidence that the Mobile Steelworks has met all of the
 timing milestones that had been set for it.  The product coming off the
 facility is prime material that we are pleased to ship to our customers."
     The $425 million facility will produce discrete plate and coiled hot
 rolled plate and near plate used in such diverse applications as building and
 construction, bridges, barges, railcars, storage tanks, machinery and
 equipment, agricultural implements, and pipemaking.
     For further information on IPSCO and photos of the Mobile Steelworks
 please visit the company's web site at www.ipsco.com .
 
     This news release contains forward looking information with respect to
 IPSCO's operations and beliefs.  Actual results may differ from these forward
 looking statements due to numerous factors including estimated time of
 completion of projects, mechanical and equipment difficulties, ability to
 attract qualified workers, potential markets and demand for the materials
 produced, level of potential imports, market forces, domestic pricing of steel
 products, and trade actions. These and other factors are outlined in IPSCO's
 regulatory filings with the Securities and Exchange Commission, including
 those on IPSCO's Annual Report for 2000, its MD&A and Form 40-F.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X24463457
 
 

SOURCE IPSCO
    LISLE, Ill., April 25 /PRNewswire/ -- IPSCO (NYSE:   IPS; TSE) announced
 today that it had shipped the first material to customers from its new Mobile
 Steelworks which is expected to produce 1,250,000 tons per annum at full
 production.  The prime A36 plate in a range of sizes was shipped to Ryerson
 Tull, Metals USA and O'Neal Steel at locations in close proximity to the mill.
 The steelworks will continue to extend the range of sizes and grades
 throughout its start-up phase which is expected to last about six months
     John Tulloch, Senior Vice President and Chief Commercial Officer, stated
 that, "We are extremely pleased with the progress of the mill.  These
 shipments are further evidence that the Mobile Steelworks has met all of the
 timing milestones that had been set for it.  The product coming off the
 facility is prime material that we are pleased to ship to our customers."
     The $425 million facility will produce discrete plate and coiled hot
 rolled plate and near plate used in such diverse applications as building and
 construction, bridges, barges, railcars, storage tanks, machinery and
 equipment, agricultural implements, and pipemaking.
     For further information on IPSCO and photos of the Mobile Steelworks
 please visit the company's web site at www.ipsco.com .
 
     This news release contains forward looking information with respect to
 IPSCO's operations and beliefs.  Actual results may differ from these forward
 looking statements due to numerous factors including estimated time of
 completion of projects, mechanical and equipment difficulties, ability to
 attract qualified workers, potential markets and demand for the materials
 produced, level of potential imports, market forces, domestic pricing of steel
 products, and trade actions. These and other factors are outlined in IPSCO's
 regulatory filings with the Securities and Exchange Commission, including
 those on IPSCO's Annual Report for 2000, its MD&A and Form 40-F.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X24463457
 
 SOURCE  IPSCO