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North America

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

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Worthington Steelpac to Produce Lightweight Steel Distribution Pallet

18 February 2008 - Worthington Industries subsidiary Worthington Steelpac announces plans to begin mass-producing its Steelpac Distribution Pallet in March.

Timken to Increase Prices on Seamless Mechanical Tubing

18 February 2008 - Timken will increase prices on carbon and alloy seamless mechanical tubing, effective with shipments beginning on April 1, 2008.

Blast Furnace Outage to Impact Production at Severstal North America

18 February 2008 - Severstal North America’s overall production volume will be reduced by some 35% due to an outage its “B” Blast Furnace, according to preliminary information released by OAO Severstal.

Timken to Add Manganese to Generic Alloy Surcharge

15 February 2008 - Timken will add manganese to its generic alloy surcharge effective with shipments beginning on April 1, 2008.

Eleven-Month Stainless Import Totals Dip 6.5% below YTD 2006

15 February 2008 - Total stainless imports reach 711,028 tons through the first eleven months of 2007 a 6.5% decrease compared to YTD November 2006, according to the latest report from SSINA.

ALJ Announces 1st Quarter Earnings for Kentucky Electric

14 February 2008 - ALJ, the parent of Kentucky Electric Steel, posts net income of $4,965,246 for the three months ended December 31, 2007, a strong improvement over the net loss of $395,420 reported for the three months ended December 31, 2006.

North American Galvanizing & Coatings Reports Record 2007 Earnings

14 February 2008 - North American Galvanizing & Coatings, Inc. announced record net income of $2.2 million on sales of $20.2 million for the fourth quarter, and record net income of $9.2 million on revenues of $88.4 million for the year ended December 31, 2007.

Gerdau Ameristeel Reports Record Year-End 2007 Results

14 February 2008 - Gerdau Ameristeel reports net income of $141.4 million on net sales of $1.7 billion for the three months, and record net income of $537.9 million on net sales of $5.8 billion for the year ended December 31, 2007.

Gerdau Ameristeel Announces Agreement to Acquire Century Steel

13 February 2008 - Pacific Coast Steel, a majority owned Gerdau Ameristeel joint venture, will acquire all the assets of Las Vegas-based Century Steel Inc. for consideration totaling $151.5 million.

Axiom ERP Yields Positive Results at Johnstown Wire Technologies

12 February 2008 - Johnstown Wire Technologies reports improved margin and doubled shipments following implementation of Consona’s Axiom ERP.

Steel Import Permit Applications Increase 15% in January

12 February 2008 - Steel import permit applications totaled 2,474,000 net tons in January, a 15% increase from the 2,137,000 permit tons recorded in December 2007 according to the latest report from the American Iron and Steel Institute.

Core Installs Walking Beam Reheat Furnace for WCI Steel

12 February 2008 - Core Furnace Systems completes successful start-up of a state-of-the-art walking beam furnace for WCI Steel’s plant in Warren, Ohio.

Steel adds to Speed and Fun of Winter Sports

11 February 2008 - Although most sports enthusiasts would probably never think about it, steel can play a vital role in the fun, adventure, and speed of winter sports.

Nucor to Acquire David J. Joseph Company

11 February 2008 - Nucor will buy David J. Joseph Co., one of the country’s leading scrap brokers, in a $1.44-billion deal that will boost its total annual scrap processing capacity and provide access to extensive brokerage operations.

MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato

08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.

Ipsco Parent Reports Results for 2007

08 February 2008 - Reporting profit after financial items of SEK 1,923 (1,585) million for the fourth quarter on sales of SEK 16,086 (8,316) million, Ipsco parent SSAB said that Ipsco began to make a positive contribution to the Group’s results in the fourth quarter.

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