TSL Tree Island Steel Ltd

Tree Island Steel Ltd. ("Tree Island" or the "Company") (TSX:TSL)(TSX:TSL.DB)
announced today that the Canada Border Services Agency ("CBSA") has made a
preliminary determination of dumping against galvanized steel wire into Canada
from China, Spain and Israel, and has further made a finding of subsidization
against galvanized steel wire from China. At this time, the Company cannot
reasonably estimate the impact of this preliminary determination. The CBSA
initiated the investigation in January subsequent to a complaint filed by Tree
Island and supported by most Canadian producers of galvanized steel wire. 


"Tree Island maintains world-class production facilities. When foreign exporters
dump or subsidize product into the Canadian market, the long-term survival of
Canadian manufacturing is threatened. Customers must be assured of access to a
secure supply of galvanized steel wire used in many manufacturing operations in
Canada," said Dale R. MacLean, President and CEO of Tree Island Steel Ltd. 


About Tree Island Steel

Tree Island Steel has a 100% ownership interest in Tree Island Industries Ltd.
and its performance depends on the performance of Tree Island Industries Ltd.
Headquartered in Richmond, British Columbia, since 1964, Tree Island, through
its four operating facilities in Canada and the United States, produces wire
products for a diverse range of industrial, residential construction, commercial
construction, agricultural, and specialty applications. Its products include
bright wire; a broad array of fasteners, including packaged, collated and bulk
nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other
fabricated wire products. The Company markets these products under the Tree
Island, Halsteel, K-Lath, Industrial Alloys, TI Wire, and Tough Strand and
Select Brand names. Tree Island also owns and operates a China-based company
that assists the international sourcing of products to Tree Island Industries
Ltd. and its customers.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tree Island Steel Ltd.
Nancy Davies
Chief Financial Officer
(604) 523-4587
ndavies@treeisland.com
www.treeisland.com

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