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IPSCO Inc. Announces Increased Selling Prices

14 December 1999

IPSCO Inc. Announces Increased Selling Prices

    REGINA, Saskatchewan--Dec. 13, 1999-- IPSCO Inc.(TSE:IPS.)
    IPSCO Inc. today announced an increase in the selling prices of OCTG in Canada of 5% effective immediately with orders for shipment starting January 1, 2000.
    ERW line pipe prices were also increased by 6% for orders taken for shipment after 1 January 2000 which restores these prices to the level in effect in early 1999 after decreases caused by poor market conditions and the effect of low priced imports.
    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 those discussed in IPSCO's 1998 Annual Report for its fiscal year ended December 31, 1998.