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Ipsco
Latest News
AISI Announces New Officers for 2005
27 January 2005 - The American Iron and Steel Institute (AISI) Board of Directors has elected United States Steel Corp. President and CEO John P. Surma Jr. to a one-year term as AISI Chairman.
Ipsco and Its Employees Give Generously to United Way
20 January 2005 - Ipsco Inc. and its employees have donated nearly $260,000 (USD) towards various United Way Campaigns in the communities in which it operates. Campaigns for the internationally recognized charity are conducted at each Ipsco site, with the company matching each dollar pledged by its employees.
Despite November Dip, Steel Imports Still Over 50% Higher than 2003
23 December 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported November imports of steel into the United States were slightly lower than in October — 3,114,000 net tons, including 2,461,000 net tons of finished steel. Although total November imports reflect a decline of 11.7%, and finished imports declined 10.9%, compared to October, year-to-date imports (YTD) remain 52.7% higher in both categories.
Steel Imports Significantly Ahead of 2003, Despite Recent Dip
01 December 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported October imports of steel into the United States declined 11.7% compared to September, with finished steel imports 9.2%% lower than in September. Year-to-date imports are 50.2% higher than 2003, with finished steel imports 49.7% higher than in 2003. The gain of nearly 50% in finished steel imports is more than three times the 14.4% increase in steel consumption. As a result, the finished steel market share in this period has risen from 15.9 to 20.5%.
Ipsco Completes Unsecured Revolving Credit Facility
23 November 2004 - Ipsco Inc. announced the establishment of a new $150 million unsecured revolving credit facility.
Ipsco Reports Continued Strong Earnings in Third Quarter
01 November 2004 - Ipsco Inc. announced net income of $144.5 million on sales of $641.9 million for the third quarter, and net income of $242.2 million on sales of $1,673.0 million for the nine months ended Sep. 30, 2004.
Import Gains Outpace Steel Consumption Increases
28 October 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported September imports of steel into the United States were the highest import levels in four years — 3,467,000 net tons, including 2,714,000 net tons of finished steel.
Ipsco Announces Location and Supplier for Plate Processing Facility
21 October 2004 - Ipsco Inc. will build its new continuous plate heat treating operation in Mobile, Ala.
Ipsco Employees Provide Hurricane Relief in Alabama
20 October 2004 - Ipsco and its employees have contributed close to $60,000 to support those in Alabama most affected by Hurricane Ivan.
Strong U.S. Results to Help Ipsco Eliminate Tax Valuation Allowance
18 October 2004 - Ipsco Inc. announced that due to continued strong operating earnings, it expects to eliminate the valuation allowance related to net operating losses in the United States.
Ipsco Announces Appointment of Treasurer
30 September 2004 - Ipsco Inc. announced the appointment of Patricia Kampling as Treasurer, effective immediately.
August Steel Imports Reach Highest Level in Three Years
29 September 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported August imports of steel into the United States were the highest import levels since August 2000 — 8.6% higher than in July for total steel imports and 5.7% higher than July for finished steel imports. Year-to-date (YTD) imports in both categories are up over 41% compared to the same period last year.
Ipsco Revises 3rd Quarter Earnings Guidance
21 September 2004 - Ipsco Inc. announced it expects third quarter earnings will exceed $2.00 per diluted share, which is more than 40% higher than the analyst consensus of $1.43 per share. Favorable results this quarter have been driven by continued strength in the market with strong product demand, resulting in higher margins.
Ipsco Employees Provide Relief for Hurricane Ivan Victims
17 September 2004 - Employees at the various Ipsco operations throughout the United States and Canada are rallying together to support their colleagues and friends whose families have been impacted by Hurricane Ivan. The storm passed through Mobile, Ala., early Thursday without significantly affecting Ipsco's Alabama steel mill, however it is expected that many families will not be so fortunate.
Ipsco Survives Hurricane Ivan
16 September 2004 - Hurricane Ivan passed through Mobile, Ala., early this morning without significantly affecting Ipsco's Alabama steel mill.
Ipsco Completes Red Deer Pipe Finishing Expansion
03 September 2004 - Ipsco Inc. has successfully commissioned its second pipe finishing facility at its Red Deer, Alberta Pipeworks.
Ipsco Develops 123-Inch Wide Coil Capability
31 August 2004 - Ipsco Inc. has successfully produced 123-inch wide hot rolled coils at its Mobile, Ala., steelworks, successfully expanding its product line and operating flexibility.
Ipsco Uses Savings from Process Innovation to Fund Local Education
26 August 2004 - Ipsco Inc. announced that more than $100,000 will be infused into the education system in north Mobile County in the next year. The money is a direct result of savings generated by the Company by substituting scrap tires for carbon in the steel manufacturing process.
AISI Chairman Details Challenges to Domestic Industry
20 August 2004 - “We are witnessing major structural changes in the steel industry, which can be described accurately as both ‘revolutionary’ and predictable,” American Iron and Steel Institute (AISI) Chairman David S. Sutherland, President and CEO of Ipsco, Inc., testified Thursday, August 19, at a Steel Caucus field hearing in Pittsburgh.
Ipsco to Install Steel Plate Heat Treating Capacity
30 July 2004 - Ipsco Inc. is proceeding with the construction of a world-class steel plate heat treating complex, subject to completing certain contracts.
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