IPSCO Achieves Company-wide ISO 14001 Certification

All Fully Operational Facilities Meet International Standard

Lisle, Illinois, 11 October 2001, IPSCO (NYSE/TSE:IPS) today announced that all of its United States operating facilities have successfully achieved ISO 14001 certification of its environmental management system (EMS). IPSCO's Canadian facilities achieved the international recognition earlier this spring. IPSCO's newest steelmaking facility in Mobile Alabama, which has just completed its start-up phase, is the only facility which has not yet applied for certification. The company plans to achieve the same certification for this steelworks in the year 2002.

"IPSCO set an ambitious goal to achieve ISO certification at six of its seven U.S., and eight Canadian, operating facilities by the end of this year. We're extremely proud of achieving this accomplishment which further illustrates our company-wide commitment to due diligence and effective environmental management," said David Sutherland, IPSCO Executive Vice President and Chief Operating Officer. "As a company which makes its end-product by recycling scrap metal, certification of IPSCO's EMS seemed a fitting way to illustrate our commitment to achieving continual environmental improvement," Sutherland noted. "This certification caps the company's effort to be vigilant in environmental matters. IPSCO's commitment to environmental responsibility has been amply demonstrated from start to finish. This certification clearly reinforces our determination to ensure that compliance with all of IPSCO's environmental systems is maintained at our facilities and that we minimize environmental impacts as well. This enhances the continuing viability of our operating facilities which is of importance both to the company and its customers."

IPSCO's EMS facilitates environmental performance and will ensure environmental compliance is approached consistently at all of its operating facilities. IPSCO first embarked upon this process in the summer of 1999 and has devoted much time and energy to meeting the standards set out by the International Organization for Standardization. Official recognition was granted after IPSCO successfully completed extensive third-party audits at each of its six American and eight Canadian facilities.

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 changing environmental regulations. These and other factors are outlined in IPSCO's regulatory filings with the Securities and Exchange Commission, including those on IPSCO's Annual Report for 2000, its MD&A and Form 40-F.

Company Contact:
Anne Parker, Vice President
Tel. 630-810-4790
Release 01-39

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