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Commercial Metals Reports All Time Record Earnings

23 June 2004 - Commercial Metals Co. reported net earnings of $50.9 million on net sales of $1.4 billion for the quarter ended May 31, 2004, earning more this quarter than any complete year in the company's history.

California Steel Extends Expiry for Exchange Offer

22 June 2004 - California Steel Industries, Inc. has extended the expiration date for the exchange offer to exchange its 6 1/8% Senior Notes due 2014 issued on March 22, 2004 ($150,000,000 aggregate principal amount outstanding) for 6 1/8% Senior Notes due 2014. Although the original notes had not been registered under the Securities Act of 1933, the exchange notes are registered under the Securities Act of 1933.

Cleveland-Cliffs Reports Progress in USWA Labor Talks

22 June 2004 - Cleveland-Cliffs Inc. reported that negotiators for the company and the United Steelworkers of America have made progress toward a new, competitive labor agreement but additional bargaining would be required to resolve a number of complex issues.

ISG Completes Purchase of Georgetown Steel Assets

22 June 2004 - International Steel Group Inc. has completed the acquisition of the assets of the Georgetown Steel Co. facility in Georgetown, S.C., for a purchase price of $18 million in cash, plus assumed liabilities.

WHX Focusing on Recapitalization Alternatives

22 June 2004 - WHX Corp. announced that it has retained Jefferies & Co., Inc. to assist it in developing recapitalization alternatives.

GE Commercial Finance Provides Kentucky Electric with New Credit Facility

21 June 2004 - GE Commercial Finance, through its Business Credit unit, announced that it has financed Kentucky Electric Steel, LLC with a three-year, $15 million credit facility

VAI Pomini to Supply Billet Caster for Hanggang-Changxing

18 June 2004 - VAI Pomini GmbH recently received an order from Hangzhou Hanggang Foreign Economic Relations & Trade Co. Ltd., P.R. China, for a new 6-Strand Billet Caster to be installed at Zhejiang Hanggang Changxing EAF Co. Ltd.

Rautaruukki Sells Welding Wire Operations to ESAB

18 June 2004 - Rautaruukki and ESAB have finalized the negotiations, announced in March, for the transfer of welding wire production in Dalsbruk to ESAB.

Saldanha Steel Returns to Normal Operation

18 June 2004 - Iscor's Saldanha Steel mill, on South Africa's west coast, has resumed normal operations on schedule, following repairs to the mill's Conarc steelmaking furnace.

South African Tribunal Approves Iscor-LNM Merger

18 June 2004 - Iscor said it was delighted by the South African Competition Tribunal’s recent decision to approve the merger between the company and London-based LNM Group, the world's second-largest steel producer.

Tetra Tech Relocates Lorain Pellet Terminal

18 June 2004 - Tetra Tech CR Industrial Services Division, Bridgeville, Pa., has relocated the Lorain Pellet Terminal from the mouth of the Black River in Lorain, Ohio, to the Cleveland Bulk Terminal located on Whiskey Island, Cleveland, Ohio.

IAS to Upgrade Steel Warehouse Company Reversing Mill

18 June 2004 - Steel Warehouse Co., Inc. awarded Industrial Automation Services (IAS) an order to design, supply and commission a replacement hydraulic gap control and automatic gauge control system for the company’s single stand reversing mill.

Midrex Announces New CEO

18 June 2004 - Midrex Technologies, Inc. announced that James D. McClaskey has been appointed as the company's new Chief Executive Officer.

AK Steel Secures Financing for Middletown Emission Control Project

18 June 2004 - AK Steel has completed a $62 million industrial revenue bond offering issued through the Ohio Air Quality Development Authority (OAQDA).

Whirlpool and Ispat Inland Reach Agreement

18 June 2004 - Whirlpool Corp. and Ispat Inland Inc. have reached a confidential agreement staying the litigation involving the two companies for 45 days while securing Whirlpool's steel supply and allowing the temporary restraining order against Ispat to be dissolved.

Castrip Achieves 100,000 Ton Milestone at Crawfordsville

18 June 2004 - The first commercial installation utilizing the Castrip(r) Process at Nucor’s Crawfordsville, Ind., plant has surpassed the 100,000 ton cumulative production milestone.

Iscor Announces Organizational Changes

18 June 2004 - Iscor Limited’s Board of Directors has appointed Martin Van Wijngaarden, currently Iscor's Chief Operating Officer, as the Deputy Chief Executive Officer effective July 1, 2004. His appointment forms part of the company's long-term succession planning.

Bhilai Commissions SMS Meer High-Capacity Rail Straightener

18 June 2004 - Bhilai Steel Plant (BSP) has straightened the first 80-meter long rail with its new rail straightener.

ISG to Establish Trust Fund Covering Bethlehem Environmental Liabilities

18 June 2004 - International Steel Group Inc. has reached an agreement with the Commonwealth of Pennsylvania and its Department of Environmental Protection (DEP) to create a $19.9 million trust fund, which will be funded over the next several years to finance continual treatment of polluted mine pool discharges in Cambria, Somerset and Butler counties in Pennsylvania.

New EPA Report Profiles Environmental Performance in Iron and Steel Industry

17 June 2004 - The EPA has released a new report that establishes a performance baseline for tracking future environmental progress in a number of key industrial and service sectors.

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