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OREGON STEEL MILLS ANNOUNCES PARTNERSHIP WITH STELCO TO PURCHASE CAMROSE PIPE MILL

 OREGON STEEL MILLS ANNOUNCES PARTNERSHIP
 WITH STELCO TO PURCHASE CAMROSE PIPE MILL
 PORTLAND, Ore., June 30 /PRNewswire/ -- Oregon Steel Mills Inc. (NYSE: OS) announced today that it has formed a partnership with Stelco Inc. to own and operate Stelpipe's pipemaking facility in Camrose, Alberta, Canada. Oregon Steel has acquired a 60 percent interest in the new partnership which will be known as The Camrose Pipe Co., and will also assume responsibility for its day-to-day operations.
 The Camrose facility has two pipe mills, an Electric Resistance Weld (ERW) mill with an annual capacity of 50,000 to 100,000 tons, and a large diameter pipe facility with a capacity of between 150,000 and 250,000 tons per year, depending upon wall thicknesses.
 Thomas B. Boklund, chairman and chief executive officer of Oregon Steel, stated, "The partnership gives Oregon Steel a presence in the Canadian oil and gas pipe markets, as well as product diversification in the ERW pipe product. The partnership with Stelco reflects the reality of a North American marketplace and unites two of North America's preeminent pipe producers."
 Oregon Steel owns and operates a steel plate minimill in Portland, a steel plate rolling mill in Fontana, Calif., which produce hot- rolled carbon, high strength alloy heat treated and alloy steel plate, and a large diameter steel pipe mill in Napa, Calif., which produces oil and natural gas transmission line pipe.
 -0- 6/30/92
 /CONTACT: Vicki Tagliafico of Oregon Steel Mills, 503-240-5226/
 (OS STE.A) CO: Oregon Steel Mills Inc.; Stelco Inc. ST: Oregon; California IN: MNG SU:


LD-MM -- SE004 -- 5075 06/30/92 10:10 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
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