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U.S., Canada and Mexico Take Lead on Managing Industrial Chemicals

22 August 2007 - The United States, Canada, and Mexico are developing a regional partnership to assess and manage the potential risks associated with the manufacture and use of industrial chemicals.

SMS Meer to Upgrade Firth Rixon Ring Rolling Machine

21 August 2007 - SMS Meer will modernize radial-axial ring rolling machine for Firth Rixon, including a new hydraulic system and modernization of the control system.

Worthington to Form Mexican Steel Processing Joint Venture

21 August 2007 - Worthington Steel signs agreement to acquire a 50% interest in privately held Serviacero Planos, which will own and operate existing service centers in Leon and Queretaro in central Mexico.

Worthington to Form European Steel Processing Joint Venture

21 August 2007 - Worthington Steel will form a joint venture with The Magnetto Group to operate a steel processing facility in Kosice, Slovakia.

June Steel Shipments Slip Below May Totals

21 August 2007 - U.S. steel mills shipped 8,920,000 net tons in June 2007, according to the latest report from the American Iron and Steel Institute.

Standard & Poor’s to Move Cliffs on the U.S. Indices

21 August 2007 - Standard & Poor's announced that Cleveland Cliffs Inc. will replace Ohio Casualty Corp. in the S&P MidCap 400, GICS Steel Sub-Industry index.

IISI Reports World Crude Steel Production for July 2007

21 August 2007 - World crude steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 109.9 million tonnes in July — 5.3% higher than for the same month of 2006, but a drop of 1.1% from the previous month. Excluding China, world production fell by 0.5% compared to the previous month, and grew by just 0.5% compared to July 2006.

Cleveland-Cliffs Enters New Credit Agreement

20 August 2007 - Cleveland-Cliffs enters into a new unsecured, $800-million credit agreement that provides more-flexible terms and conditions, along with improved pricing.

Woodside Capital Completes Acquisition Hamilton Specialty Bar Assets

20 August 2007 - Woodside Capital has successfully purchased the assets of Hamilton Specialty Bar in a deal led by Woodside Capital, Pinnacle Steel, and Sankaty Advisors.

AltaSteel Workers Ratify Agreement with Scaw Metals

20 August 2007 - Members of United Steelworkers' Local 5220 ratify a new collective agreement with AltaSteel Ltd. - the first agreement reached with South-Africa-based parent company, Scaw Metals Group.

U.S. Steel Announces OCTG Authorized Distributors

20 August 2007 - United States Steel announces its new oil country goods distribution network for the United States following its acquisition of Lone Star Technologies earlier this year.

Wheeling-Pittsburgh Nears Deal to Refinance Existing Credit Facilities

20 August 2007 - Wheeling-Pittsburgh reaches agreement in principle with its lead banks on the terms of a $350-million revolving credit facility to replace its current $225-million facility, and a new $135-million term loan to replace its existing government guaranteed term loan.

MultiServ Extends Services at Ternium and Siderperu

17 August 2007 - Harsco’s MultiServ division enters multi-year contracts extending its on-site mill services at three Mexico-based operations of Ternium, one of the leading steel companies in Latin America, and at Siderperu, Peru's largest steel producer.

Siemens to Supply Hot Strip Mill for Jindal Stainless

17 August 2007 - Jindal Stainless places order with Siemens’ Metals Technologies Division for a new hot strip mill, including mechanical equipment, drives, and complete basic and process automation.

Worthington Industries Issues Earnings Outlook

17 August 2007 - Worthington Industries says it is unlikely that its Metal Framing segment will return to profitability in the current quarter, which will likely help to push earnings per share into the range of $0.20 to $0.25 for the first quarter ending August 31, 2007.

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