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IPSCO Inc. Announcement

14 February 2000

IPSCO Inc. Announcement

    MUSCATINE, Iowa--Feb. 14, 2000-- IPSCO(TSE:IPS.)

    IPSCO Steel Inc. today announced that its transaction prices for discrete plate would be increased by $20 per ton effective immediately with new orders for shipment starting 3 April 2000.
    IPSCO had previously advised customers that its price for hot rolled coil would be increased by $20 per ton also effective 3 April 2000.
    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.