8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant To Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  July 17, 2007
IPSCO Inc.
(Exact Name of Registrant as Specified in Charter)
Canada	001-14568	98-0077354
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
650 Warrenville Road, Suite 500, Lisle, Illinois		60532
(Address of Principal Executive Offices)		(Zip Code)
Registrant’s telephone number, including area code:  (630) 810-4800
N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

On July 17, 2007, IPSCO Inc. (“IPSCO”) issued a press release (the “Press Release”) announcing the expiration, as of 5:00 p.m. New York City time, of its cash tender offer and related consent solicitation for any and all of its outstanding 8 3/4% Senior Notes due 2013.

The foregoing is qualified by reference to the Press Release, which is attached as Exhibit 99.1 to this Report and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press Release of IPSCO, dated July 17, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		IPSCO INC.
Date:	July 17, 2007	By:	/s/ Leslie T. Lederer
			Name:	Leslie T. Lederer
			Title:	Vice President, General Counsel & Corporate Secretary

EX-99.1

EXHIBIT 99.1

News Release  

IPSCO ANNOUNCES EXPIRATION OF CASH TENDER OFFER AND

CONSENT SOLICITATION

[Lisle, Illinois] [July 17, 2007] – IPSCO Inc. (NYSE/TSX:IPS) today announced the expiration, as of 5:00 p.m. New York City time, of its cash tender offer and related consent solicitation for any and all of its outstanding 8¾% Senior Notes due 2013 (the “Notes”). The terms of the tender offer and consent solicitation are detailed in IPSCO Inc.’s Offer to Purchase and Consent Solicitation Statement dated June 18, 2007 and the related Letter of Transmittal.

As of the expiration of the tender offer, approximately $142.6 million aggregate principal amount of Notes, or approximately 99.15 percent, were validly tendered.

IPSCO Inc. has accepted for payment all Notes validly tendered and not validly withdrawn pursuant to the tender offer.

J.P. Morgan Securities Inc. served as the Dealer Manager and Solicitation Agent and Global Bondholder Services Corporation served as the Information Agent and Depositary for the tender offer and consent solicitation.

About IPSCO Inc.

Founded in 1956, IPSCO is a corporation incorporated under the laws of Canada and a leading producer of energy tubulars and steel plate in North America with a current annual steel making capacity of 4.3 million tons. IPSCO operates four steel mills, eleven pipe mills, and scrap processing centers and product finishing facilities in 25 geographic locations across the United States and Canada. IPSCO’s pipe mills produce a wide range of seamless and welded energy tubular products including oil & gas well casing, tubing, line pipe and large diameter transmission pipe. Additionally, IPSCO is a provider of premium connections for oil and gas drilling and production.

IPSCO Company Contact:

Tom Filstrup, Director of Investor Relations

Tel. 630 810-4772

tfilstrup@ipsco.com

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