Scotia Capital Materials Conference

6/1/2004


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Table of Contents

Scotia Capital Materials Conference

Agenda

Overview of Dofasco

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Reporting Structure Two Operating Segments

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Synchronized Global Recovery

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China’s Emergence

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A Changing Environment for North American Steel

N.A. Flat Rolled Steel Demand

Global Currencies – US & Canadian Imports

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Industry Developments

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Dofasco Hamilton – Staying in the Lead

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Dofasco – Raw Materials

Gallatin Steel

Dofasco - Pricing

Strategy

Solutions in Steel™

Solutions in Steel™ – Automotive

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Growing Value

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World-Class Operations

Capital Investments $2 Billion over 10 Years

Finishing Division Improvement Program

Long Term Growth Improving Product Mix

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Industry Leading Performance EBIT $ per Shipped Ton

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Prudent Financial Management

Financial Strength Annualized Shareholder Return

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Balance Sheet Strength Gross and Net Debt to Total Capital*

Bond Ratings – Global Comparison

Return on Capital Business Model

ROCE Results

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Dofasco – A High Quality Investment

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Author: Andrew Macrae