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North America

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

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Nucor Reports Results for 2007

25 January 2008 - Nucor Corp. announced consolidated net earnings of $364.8 million on record consolidated net sales of $4.40 billion for the fourth quarter, and consolidated net earnings of $1.47 billion on record consolidated net sales of $16.59 billion for the full year of 2007.

Allegheny Technologies Reports 4th Quarter Results

24 January 2008 - Allegheny Technologies reports net income of $148.9 million on sales of $1.27 billion for the fourth quarter, and net income of $747.1 million on sales of $5.45 billion for the full year 2007.

Nucor Endows Steel Professorship at South Dakota School of Mines

24 January 2008 - Nucor will donate $1 million to endow a professorship in metallurgical and steelmaking technologies at the South Dakota School of Mines and Technology.

AK Steel to Make Early Pension Trust Fund Contribution

23 January 2008 - AK Steel will make an early $75-million contribution to its pension trust fund in the first quarter, which is expected to satisfy approximately one-half of the company's total pension-funding obligations for 2008.

U. S. Steel and JFE Steel to Exchange Technical Expertise

23 January 2008 - United States Steel and JFE Steel enter into a technical exchange agreement to share expertise in steelmaking practices, benchmarking, and other areas of mutual interest.

Latrobe Specialty Steel to Expand Vacuum Remelting Facility

23 January 2008 - Latrobe Specialty Steel will triple its vacuum melting capacity with a major expansion at its Latrobe remelt facility.

AK Steel Reports Record Full Year 2007 Results

23 January 2008 - AK Steel reported net income of $106.7 million on net sales of $1,691.9 million for the fourth quarter of 2007, and net income of $387.7 million on record net sales of $7,003.0 million for the full year.

AK Steel Adds Former Toyota Executive to Board

22 January 2008 - AK Steel announces the election of Dennis C. Cuneo, formerly Senior Vice President for Toyota Motor North America, to its Board of Directors.

Esmark Names President of Wheeling Corrugating

22 January 2008 - Esmark announced the appointment of steel industry veteran Joel Mazur as President of its Wheeling Corrugating division.

Domestic Steel Inventories Rise Slightly in December

21 January 2008 - Steel inventories grew slightly in December, marking the first increase since the inventory peaked in October 2006 and leading some to anticipate that widespread inventory liquidation could be reaching an end.

Evraz Completes Tender Offer for Claymont Steel

18 January 2008 - Evraz Group SA completes its cash tender offer to purchase all outstanding shares of Claymont Steel Holdings common stock, with approximately 93.4% of the outstanding shares of Claymont Steel common stock tendered.

Insteel Industries Reports 1st Quarter Results

18 January 2008 - Insteel Industries announces net earnings of $4.2 million on net sales of $66.0 million for the first quarter ended December 29, 2007.

Despite Dip, November Steel Shipments Nearly 9% Above November 06

18 January 2008 - U.S. steel mills shipped 8,683,000 net tons in the month November 2007, an 8.7% increase from the 7,991,000 net tons shipped in November 2006 according to the latest report from AISI.

ALJ Reports 1st Quarter Results for Kentucky Electric

17 January 2008 - ALJ, the parent of Kentucky Electric Steel, posts revenue of $37.4 million for the three months ended December 31, 2007.

AK Steel to Increase Carbon Steel Prices

17 January 2008 - AK Steel will increase spot market prices for all new carbon steel product orders accepted for shipment on March 1, 2008 and later.

Tube City IMS Achieves ISO 9001:2000 Certification at Granite City Operation

17 January 2008 - Tube City IMS receives ISO 9001:2000 Quality Management System certification for its Granite City, Ill., operation from Steel Related Industries Quality System Registrar, Inc.

Steelworkers Ratify Landmark Agreement with Canadian National Railway

17 January 2008 - Members of USW Local 2004 ratify a four-year labor agreement with the Canadian National Railway that includes a number of noteworthy benefits.

Nucor Breaks Strip-Casting Record with Castrip Process

16 January 2008 - Nucor sets a new record for sequence casting -- 24 ladles of steel, cast continuously, over a 38-hour period -- at the world's first commercial Castrip-based strip-casting facility for plain-carbon steel sheet.

PTC Alliance Investments Support Changing Customer Needs

15 January 2008 - Following its February 2006 acquisition of Pennsylvania Cold Drawn, PTC Alliance has invested approximately $7 million to establish a dedicated components facility in Beaver Falls, Pa.; the facility is intended to serve the tubular component needs of the hydraulic cylinder market.

Industry Group Promotes the Growing Recyclability of Cars

15 January 2008 - U.S. automakers are bringing an educational message to consumers at this year's North American International Auto Show through the United States Council for Automotive Research LLC's Vehicle Recycling Partnership LLC.

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