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First Quarter Outlook Strong for Steel Technologies

05 January 2005 - Steel Technologies Inc. expects results for the first fiscal quarter to reflect continued substantial increases in volume and sales through its operations.

Seven Potential Bidders Move on to Phase Two of Stelco Sale Process

05 January 2005 - Six parties have demonstrated their interest in participating in Stelco Inc.’s Court-approved capital raising process for its core integrated steel business by submitting detailed proposals by the December 31, 2004 deadline.

Universal Stainless to Increase Base Prices

05 January 2005 - Universal Stainless & Alloy Products, Inc. announced base price increases of 5% on all air melted and 7% on all remelted steels, effective with shipments scheduled for January 17.

AK Steel Makes Voluntary Pension Trust Fund Contribution

05 January 2005 - AK Steel made a $150 million voluntary contribution to its pension trust fund on January 3, 2005. The voluntary contribution applies toward approximately $300 million of pension funding that otherwise would be required in 2006.

Canadian Steelworkers Launch Campaign for Tsunami Relief

05 January 2005 - The United Steelworkers, through its Humanity Fund, has launched a union campaign to raise funds for relief to victims and survivors of last month's devastating tsunami.

Ryerson Tull Completes Acquisition of Integris Metals

05 January 2005 - Ryerson Tull, Inc. has completed its acquisition of Integris Metals, Inc., from its shareholders, Alcoa Inc. and BHP Billiton. Ryerson Tull purchased all of the equity interest in Integris for $410 million plus assumption of approximately $234 million of Integris' debt.

Cleveland-Cliffs Announces Convertibility of Preferred Stock

03 January 2005 - Holders of Cleveland-Cliffs Inc.’s 3.25% redeemable cumulative convertible perpetual preferred stock may surrender stock for conversion at any time during the fiscal quarter ending March 31, 2005, thanks to satisfaction of a condition to the conversion right. The condition was satisfied because the closing share price of Cleveland-Cliffs' common shares exceeded 110% of the then-applicable conversion price of the preferred stock for at least 20 of the last 30 trading days of the fiscal quarter ended December 31, 2004.

Imexsa Commissions SMS Mevac Top Lance

01 January 2005 - Ispat Mexicana SA de CV (Imexsa), Mexico, has commissioned a 220-tonne RH plant with equipment supplied by SMS Mevac GmbH, Germany.

VA Tech 2004 Order Intake 10% Higher than 2003

01 January 2005 - On the basis of the provisional statistics for 2004, VA Tech’s order intake has developed in a positive manner, rising to around EUR 4650 million, an increase of 10% on the comparable figure for the preceding year (EUR 4238 million).

SMS Mevac to Supply Three RH Units for Anshan

01 January 2005 - Anshan Iron & Steel Co., Ltd., P.R. China, recently placed an order with SMS Mevac GmbH, Germany, to supply three more RH recirculation degassers.

Magnum Metal Process Inaugurates New Office

01 January 2005 - Value-engineered solutions provider Magnum Integrated Technologies Inc. recently opened a new office in Pune, India, as part of the company’s wholly owned subsidiary Magnum Metal Process Technologies Pvt. Ltd.

SMS Demag to Provide Flying Crank Shear for Cockerill Sambre

01 January 2005 - Cockerill Sambre (Arcelor Group), Belgium, has purchased a modern flying crank shear and a scrap sorting facility from SMS Demag, Germany. The equipment will be installed at the company’s Kessales site in Liège, Belgium.

VAI Reports Strong Order Book for January

01 January 2005 - Building on its record year 2004, VAI has continued its successful business development at the beginning of 2005. As Gerhard Falch, Voest-Alpine Industrieanlagenbau GmbH Chairman and Vice-Chairman of VA Technologie AG explains, “Due to the taking effect of the major orders from Hadeed worth around EUR 340 million, negotiated and agreed upon in October 2004, and other contracts worth more than EUR 160 million from Saudi Arabia, the CIS, China, Iran, Poland and Turkey, VAI can already point to an order intake in January 2005 of over EUR 500 million.”

Arcelor Acquires 100% Stake in Stahlwerke Bremen Subsidiary

01 January 2005 - Arcelor has agreed with Bremer Investitions-Gesellschaft (BIG), the minority shareholder of its subsidiary Stahlwerke Bremen (SWB), on the acquisition by Arcelor of the 30.3% stake that BIG holds in SWB. After completion, Arcelor will hold, through wholly owned subsidiaries, 100% of SWB.

Outokumpu Defines Strategies for Becoming Number One in Stainless

01 January 2005 - Outokumpu previously defined the Group’s future strategic direction as leadership in stainless steel. As part of its new direction, Outokumpu was looking at various options to exit from its fabricated copper products business.

Danieli Morgardshammar to Upgrade Ares Bar Mill

01 January 2005 - Ares SA (Arcelor Group), Luxembourg, has awarded Danieli Morgårdshammar an order for the modernization of its Bar Mill C located in Rodange.

SMS Mevac to Convert Second OEMK DH Plant to RH

01 January 2005 - OEMK, Russia, has contracted SMS Mevac GmbH, Germany, to revamp its existing DH plant No. 1, which SMS Mevac had supplied in the early 1980s, into a RH unit. SMS Mevac will also further upgrade the facility No. 2, which SMS Mevac had just recently converted from DH to RH.

Imexsa Commissions SMS Mevac Top Lance

01 January 2005 - Ispat Mexicana SA de CV (Imexsa), Mexico, has successfully commissioned a new 220-tonne RH plant with equipment supplied by SMS Mevac GmbH, Germany.

Icdas Celik Starts up 2nd Danieli Wire Rod Line

01 January 2005 - Içdas Çelik, Turkey, recently delivered its first hot rolled coils on Wire Rod Line No. 2, supplied by Danieli.

Danieli to Supply Hi-Tech Slab Caster for Azovstal Iron & Steel

01 January 2005 - Danieli will supply Azovstal Iron & Steel Works, Ukraine, with a hi-tech twin-strand thick slab casting facility, to be installed in Mariupol, Ukraine.

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