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North America

All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.

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Metals USA Reports Record 2nd Quarter Results

15 July 2008 - Metals USA Holdings announces net income of $39.8 million on net sales of $593.1 million for the second quarter, and net income of $43.6 million on net sales of $1082.1 million for the six months ended June 30, 2008.

Allegheny Technologies Raises 2nd Quarter Expectations

15 July 2008 - Allegheny Technologies raises its earning expectations for the second quarter of 2008 into the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit.

Cleveland-Cliffs Acquires Remaining Interest in United Taconite

15 July 2008 - Cleveland-Cliffs Inc has acquired United Mining's 30% interest in United Taconite, making it the sole owner of the Eveleth, Minn., iron ore mining and pelletizing operation.

CMC Board Names McClean Chairman

14 July 2008 - The Commercial Metals Co. Board of Directors elects Murray R. McClean as Chairman of the Board in addition to his ongoing responsibilities as President and Chief Executive Officer.

Schuff Steel Opens Largest Steel Fab Plant in Houston Area

14 July 2008 - Schuff Steel-Gulf Coast completes its new 150,000-square-foot steel fabrication plant in Humble, Texas.

Cliffs Plans Expansion Project at Empire and Tilden Mines

14 July 2008 - Cleveland-Cliffs Board approves a capital project that will expand capacity at its Empire and Tilden mines in Michigan’s Upper Peninsula.

Horsehead Sets Surcharge

11 July 2008 - Horsehead will institute a new energy surcharge on all shipments of zinc oxide effective August 1, 2008.

Nucor Ad Campaign Honored by NYC Business Marketing Association

11 July 2008 - A Nucor ad campaign takes top honors at the Business Marketing Association of New York City’s 25th annual awards competition.

Latrobe Specialty Steel Offers 90-Day Contract Extension

11 July 2008 - Latrobe Specialty Steel reiterates its offer for a 90-day extension to its labor contract with the United Steelworkers — again.

AISI Announces New President and CEO

11 July 2008 - The American Iron and Steel Institute announces the selection of Thomas J. Gibson as the association's new President and CEO.

Northwest Pipe to Supply Pipe for San Francisco Project

09 July 2008 - Northwest Pipe will supply 12,500 feet of 72-inch steel pipe for the Alternative Intake Project Pipeline in the Contra Costa Water District in California.

Carpenter Completes Sale of Metal Shapes Business

09 July 2008 - Carpenter Technology completes the sale of its Rathbone Precision Metals business to Treci Srl, controlling company of Calvi Holdings, Srl.

Cliffs Updates 2008 Guidance, Comments on 2009 Pricing

09 July 2008 - Cleveland-Cliffs updates its 2008 iron ore revenue and cost-per-ton guidance for both the Asia-Pacific and North American segments, and comments on expected pricing for its North American Iron Ore segment for 2009.

Nucor Completes Acquisition of 50% Stake in Duferdofin

09 July 2008 - Nucor completes its previously announced acquisition of 50% of the stock of Duferdofin–Nucor Srl for a purchase price of euro 423.5 million, or approximately $658 million.

Optima International Acquires Michigan Seamless Tube

08 July 2008 - Optima International of Miami, Inc. and the Privat Group acquire Michigan Seamless Tube LLC from Atlas Holdings LLC and other investors.

Severstal Completes Acquisition of WCI Steel

08 July 2008 - OAO Severstal completes its acquisition of WCI Steel for a total cash consideration of US$140 million.

AISI Joins American Scrap Coalition

07 July 2008 - The American Iron and Steel Institute joins the American Scrap Coalition to urge strong government action to eliminate the taxes and other market access barriers that numerous offshore governments maintain on their exports of steel scrap.

AK Steel Announces August Surcharges for Electrical Steels

07 July 2008 - AK Steel will add a $905-per-ton surcharge to invoices for electrical steel products shipped in August 2008.

ALJ Reports Third Quarter Revenues

07 July 2008 - ALJ, the parent company of Kentucky Electric Steel, reports revenues of $51.1 million for the quarter, and revenues of $133.4 million for the nine months ended June 30, 2008.

Gerdau Ameristeel to Begin Phase One Expansion at Jacksonville

04 July 2008 - Gerdau Ameristeel announces initiation of the first two phases of the announced expansion of its Jacksonville, Fla., steel mill, which will ultimately expand the facility’s annual melting and rolling capacity to more than 1.0 million tons of rebar products.

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