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California Steel Avoids Penalty with Disclosure to EPA

18 November 2005 - California Steel Industries, Inc. was one of thirteen companies recently recognized by the U.S. EPA's Pacific Southwest Office for voluntarily disclosing and quickly correcting their federal Emergency Planning and Community-Right-to-Know Act violations.

WCI Steel Noteholders and USW Reach Agreement

18 November 2005 - WCI Steel could emerge from chapter 11 bankruptcy proceedings based on the tentative agreement reached between representatives of the secured noteholders of WCI Steel and the United Steelworkers. The tentative agreement addresses a proposed collective bargaining agreement and modifications to the plan of reorganization.

Stelco Court Monitor Files 39th Report

17 November 2005 - Stelco Inc.’s Court-appointed Monitor has filed its thirty-ninth report regarding the company's Court-supervised restructuring.

Tentative Deal Reached in Ipsco Labor Negotiations

16 November 2005 - Ipsco Inc. and United Steelworkers Locals 5890 and 6673 have reached a tentative agreement for early renewal of their collective agreements.

Bayou Steel to Upsize Line of Credit

15 November 2005 - Bayou Steel Corp. is amending and restating its line of credit from $45 million to $75 million. The newly amended line will also provide lower borrowing rates, higher advance rates, and a nearly four year extension of the current arrangement.

Commercial Metals Acquires Norfolk Rebar Fabricator

15 November 2005 - Commercial Metals Co. announced the acquisition of substantially all operating assets of Norfolk, Va., reinforcing steel fabricator Hall-Hodges Company.

Stelco Unions Target Restructuring as One Company

15 November 2005 - Stelco local unions recently endorsed a set of seven principles that they will use to evaluate any plan to restructure Stelco. At their meeting, the unions agreed that Stelco must be restructured as one company, not sold off in parts.

Worthington Industries Forms Dietrich Construction Group

11 November 2005 - Worthington Industries announced the formation of Dietrich Construction Group to advance the use of light gauge steel framing in the construction marketplace.

Mittal Steel Proposes to Refund Outstanding Revenue Bonds

11 November 2005 - Mittal Steel Co. NV has proposed the refunding of some or all of the following outstanding revenue bonds:

Domestic Wire Rod Producers File Unfair Trade Cases Filed

11 November 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.

Stelco Reports 3rd Quarter Loss

11 November 2005 - Stelco Inc. reported a net loss of $42 million on net sales revenue of $725 million for the quarter and net earnings of $47 million on sales revenue of $2.462 billion for the nine months ended September 30, 2005.

Danieli to Upgrade Republic EAF

10 November 2005 - Danieli is conducting a major upgrade of Republic Engineered Products’ 200-ton EAF at the company’s Canton, Ohio, facility.

Siemens to Supply Ladle Met Facility to Sheffield Steel

09 November 2005 - Sheffield Steel Corp. has awarded the Siemens Group Industrial Solutions and Services (I&S) a contract for a new 85-ton ladle furnace.

Wheeling-Pittsburgh Reports 3rd Quarter Results

09 November 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported a net loss of $21.1 million on revenues of $374.9 million for the quarter ended September 30, 2005.

Gerdau Ameristeel Reports 3rd Quarter Results

08 November 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.

Apollo Financers Adjust Condition for Metals USA Acquisition

07 November 2005 - Metals USA, Inc. announced that the banks providing the debt financing for Apollo Management, LP's pending merger transaction with the company have agreed to modify their debt financing commitment letter in a manner that will result in a key financial condition being satisfied.

Benefits Increase for Wheeling-Pitt Retirees, Spouses

07 November 2005 - The United Steelworkers (USW) announced benefit increases for Wheeling-Pittsburgh Steel retirees who lost their health coverage when the company reorganized under Chapter 11 Bankruptcy Protection and have enrolled in the Wheeling-Pitt Voluntary Employees' Beneficiary Association (VEBA). The Union has also negotiated an increase in payments made by Wheeling-Pitt to surviving spouses of employees who retired prior to 1974 to $1300 and $800 yearly.

Sheffield Steel Special Committee Reports on Offers

07 November 2005 - The special committee appointed by Sheffield Steel Corp.’s Board of Directors has completed its consideration of the two unsolicited indications of interest in acquiring Sheffield Steel. The committee has determined not to pursue either proposal as presented.

Gibraltar Reports 3rd Quarter Sales and Earnings

04 November 2005 - Gibraltar Industries, Inc. reported net income of $12.7 million on sales of $282 million for the third quarter, and net income of $39.3 million on sales of $844 million for the nine months ended September 30, 2005.

Stelco Completes Sale of Stelpipe

04 November 2005 - Stelco Inc. has completed its sale of Stelpipe Ltd.’s assets to Lakeside Steel Corp. on October 31, 2005.

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