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North America

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

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ArcelorMittal to Acquire Additional Noble Shares

26 March 2008 - ArcelorMittal’s shareholding in Noble International will reach approximately 49.95% with the just-announced acquisition of an additional 10.31% of Noble’s shares from Chairman and founder Robert J. Skandalaris.

Management Team Acquires Hannibal Industries from Mitsui USA

25 March 2008 - Senior managers of Hannibal Industries have purchased the company from Mitsui USA through formation of an Employee Stock Ownership Plan; terms of the transaction were not disclosed.

Steel Technologies to Integrate Mitsui Steel’s Flat-Rolled Operations

25 March 2008 - Steel Technologies will integrate the flat-rolled steel business of Mitsui Steel into the company's North American operating platform.

John Deere Honors Worthington Steel as a Partner-Level Supplier

25 March 2008 - Deere recognizes Worthington Steel as a Partner-level supplier for 2007, the company’s highest supplier rating.

AK Steel Announces Additional Carbon Steel Price Increase

25 March 2008 - AK Steel will increase spot market prices by $50 per ton for its carbon steel products, effective immediately for all new orders.

Timken Reports Changes to Growth and Innovation Leadership Team

25 March 2008 - Timken announces a reorganization of its innovation and growth group that the company says will help streamline the strategic planning and innovation processes.

AK Steel Board Okays Long-Term Agreement with Sun Coke

25 March 2008 - AK Steel’s board of directors approves a 20-year supply contract with SunCoke Energy to provide metallurgical-grade coke and electrical power from a new facility to be built adjacent to AK Steel's Middletown Works.

Worthington Reports Third Quarter Results

24 March 2008 - Worthington Industries reports net earnings of $18.3 million on net sales of $725.7 million for the third quarter, and net earnings of $53.2 million on net sales of $2,198.3 million for the nine months ended February 29, 2008.

Cleveland-Cliffs Comments on United Taconite Accident Report

24 March 2008 - Cleveland-Cliffs comments on a U.S. Mine Safety and Health Administration report regarding an April 2007 accident that resulted in the death of a United Taconite miner.

SeverStal to Acquire Sparrows Point

24 March 2008 - OAO SeverStal reaches agreement to purchase the Sparrows Point facility from ArcelorMittal for an all-cash purchase price of US$810 million.

U.S. Steel Names General Manager—Logistics Services

21 March 2008 - United States Steel announces the promotion of William Michael Moss to the position of General Manager - Logistics Services.

IISI Reports World Steel Production for February 2008

21 March 2008 - Steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 106.9 million tonnes in February — 5.3% higher than for the same month of 2007.

ArcelorMittal Dofasco, USW to Explore Potential for Certification

20 March 2008 - ArcelorMittal Dofasco and the United Steelworkers agree to a unique process that will allow employees to interact with and evaluate the suitability of a union to the company’s unique working culture. Later, employees will choose whether or not they wish to be part of the global partnership between ArcelorMittal and its union partners.

U.S. Steel Reaches Deal with Health Department on Emissions Violations

19 March 2008 - U.S. Steel reaches a consent order and agreement with the Allegheny County Health Department regarding air pollution violations at the company’s Clairton Coke Works and the Edgar Thomson Plant in Braddock, Pa.

Domestic Steel Inventories Decline in February

19 March 2008 - Steel inventories at metals service centers in the U.S. and Canada dipped in February, with U.S. shipments flat with year-ago volume and Canadian shipments 7.1% higher than in February 2007.

Nucor to Acquire Monroe-Based Metal Recycling Services

19 March 2008 - Nucor will acquire substantially all the assets of Monroe, N.C., based Metal Recycling Services, a 220,000 tons/year scrap processor.

January Steel Shipments up 7.3% Versus Last Year

18 March 2008 - U.S. steel mills shipped 9,246,000 net tons in January 2008, a 7.3% increase from the 8,614,000 net tons shipped in January 2007, and an 8.8% increase from the 8,495,000 net tons shipped in the previous month, December 2007.

IOC and Rio Tinto Announce Plans for Capacity Expansion

18 March 2008 - The Iron Ore Co. of Canada and Rio Tinto will invest $500 million to increase IOC's annual production of iron ore concentrate to 22 million tonnes, beginning with a phase-one expansion program targeting as high as a 50% increase in production capability by 2011.

Esmark Completes Sale of Minority Interest in Wheeling-Nisshin

17 March 2008 - Esmark completes the sale of its minority equity interest in Wheeling-Nisshin to Nisshin Holding, Inc.

Commerce Department to Continue Cases on Welded Stainless Pressure Pipe from China

17 March 2008 - The U.S. Department of Commerce will continue its investigations of welded stainless steel pressure pipe imported from China following the U.S. International Trade Commission’s determination that there is a reasonable indication of real or threatened material injury.

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