6-K

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                        REPORT OF FOREIGN PRIVATE ISSUER
                   Pursuant to Section 13a-16 or 15d-16 of the
                         Securities Exchange Act of 1934

                          For the month of April, 2003

                        Commission File Number: 001-14568


                                   IPSCO INC.
             (Exact name of registrant as specified in its charter)


                   P.O. Box 1670 Regina, Saskatchewan S4P 3C7
                    (Address of principal executive offices)


         Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.

               Form 20-F  [_]                           Form 40-F [X]

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1). [_]

         Note: Regulation S-T Rule 101(b)(1) only permits the submission in
paper of a Form 6-K if submitted solely to provide an attached annual report to
security holders.

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): [_]

         Note: Regulation S-T Rule 101(b)(7) only permits the submission in
paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of
the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

         Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
                     Yes  [_]                                  No [X]

         If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-___________.





                                    EXHIBITS


Exhibit No.       Document                                      Page No.
- -----------       --------                                      --------

     1.           News Release dated April 30, 2003                1




                                    SIGNATURE

         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, thereunto duly authorized.

                                              ISPSO Inc.
                                              (Registrant)



Date:    April 30, 2003                       By: /s/ George Valentine
                                                  -------------------------
                                                      George Valentine
                                                      Vice President, General
                                                      Councel and Corporate
                                                      Secretary

EX-99

                                                                       EXHIBIT 1
                                                                       ---------


[GRAPHIC OMITTED]
[LOGO - IPSCO]                                                  NEWS RELEASE

================================================================================
FOR IMMEDIATE RELEASE

                         IPSCO ANNOUNCES CASH DIVIDENDS

[LISLE, ILLINOIS] [April 30, 2003] -- IPSCO Inc. (NYSE/TSE:IPS) announced today
a cash dividend on its common shares of $0.05 (Canadian) per share payable June
30, 2003 to shareholders of record at the close of business on June 10, 2003.
The Company also announced a cash dividend of $0.34375 (Canadian) per Cumulative
Redeemable First Preferred Share, Series 1 payable August 15, 2003 to
shareholders of record at the close of business on July 31, 2003.

For further information on IPSCO, please visit the company's web site at
www.ipsco.com.
- --------------

Company Contact:
John Comrie, QC, Director of Trade Policy and Communications
Tel. 630-810-4730
Release #03-13

                                      # # #