Stelco Holdings Inc.'s Board of Directors approved the payment of a quarterly cash dividend of $0.10 per share payable on May 18, 2018 to shareholders of record as of the close of business on May 15, 2018.

Subsequent to the end of the first quarter, the company announced that Dr. Indira Samarasekera and Mr. Jacob Lew had been appointed to its Board of Directors, effective May 2, 2018. Dr. Samarasekera served as the 12th President and Vice Chancellor of the University of Alberta, from 2005-2015. She also served as Vice-President Research at the University of British Columbia from 2000-2005. She is currently a Senior Advisor for Bennett Jones LLP and serves on the Board of Directors of the Bank of Nova Scotia, Magna International and TransCanada. She also serves on the boards of the Asia-Pacific Foundation, the Rideau Hall Foundation, and the selection panel for Canada's outstanding CEO of the Year sponsored by Caldwell Partners and Bennett Jones. Mr. Jacob Lew is a Partner at Lindsay Goldberg LLC, and previously served as the United States Secretary of the Treasury from February 2013 to January 2017. Secretary Lew had previously served as White House Chief of Staff for President Obama, Director of the Office of Management and Budget, a position he also held in President Clinton's Cabinet from 1998 to 2001, and Deputy Secretary of State for Management and Resources. Secretary Lew previously served as Managing Director and Chief Operating Officer for two different Citigroup business units, and Executive Vice President and Chief Operating Officer of New York University.