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North America

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

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AK Steel Receives Payment for Recapitalization of Combined Metals

21 December 2007 - AK Steel receives a $42.6-million cash payment from the recapitalization of Combined Metals of Chicago LLC, a private company in which AK Steel holds a 40% equity interest.

Republic VEBA Participants Get Second Cost Reduction in Two Years

21 December 2007 - Retiree healthcare contributions will be lowered for USW-represented retirees and surviving spouses from former Republic Technologies International that are participating in the Voluntary Employee Beneficiary Association.

U. S. Steel Names Three New Leaders for State Governmental Affairs

21 December 2007 - United States Steel announces three appointments with responsibility for governmental affairs in a number of states in which the company operates, including Alabama, Arkansas, Illinois, Indiana, Michigan, Minnesota, Oklahoma, and Texas.

Timken Provides Rolling Mill Training for Steel Dynamics and other Producers

20 December 2007 - The need to train new millwrights to replace retiring veterans is accelerating demand for Timken’s Rolling Mill Industry Training classes, with demand for the training class nearly doubling in 2007 alone.

Steel Dynamics Updates Earnings Guidance

20 December 2007 - Excluding the effect of its late-October acquisition of OmniSource, Steel Dynamics expects fourth quarter earnings to be in line with the guidance that was issued in October.

Ternium to Sell Steelscape, Other U.S. Assets to BlueScope Steel

20 December 2007 - Ternium’s IMSA Acero subsidiary enters into stock purchase agreement with BlueScope Steel North America for the sale of IMSA’s interests in Steelscape, ASC Profiles, Varco Pruden Buildings, and Metl-Span LLC.

Reliance Subsidiary Valex Opens Facility in China

19 December 2007 - Reliance Steel & Aluminum subsidiary Valex Corp. opens Valex China Co. Ltd., its first manufacturing plant based in China.

General Moly Details Mount Hope Joint Venture with Posco

19 December 2007 - General Moly enters into a letter of intent with Posco that will give the right to acquire a 20% interest in General Moly’s Mount Hope molybdenum project in exchange for $170-million in equity contributions.

California Steel to Implement Broner Demand Modeller

19 December 2007 - Broner will supply California Steel with its Demand Modeller, which will help to support customer service, planning for slab acquisition, and capacity management.

WorleyParsons to Install Smart-Gas System for Wheeling Pittsburgh Steel EAF

19 December 2007 - WorleyParsons Gas Cleaning will install a complete Smart-Gas System that will allow Wheeling-Pittsburgh Steel to optimize total energy utilization in their Mingo Junction EAF.

AISI to Participate in Future Steel Vehicle Global Initiative

18 December 2007 - The American Iron and Steel Institute announces plans to participate in the Future Steel Vehicle project, a global research initiative focused on the mitigation of automotive greenhouse gas emissions.

U. S. Steel Announces High-Profile Addition to Washington Office

18 December 2007 - United States Steel announces the addition of Katie R. McCall to its Washington, D.C., office as Manager—Federal Governmental Affairs.

October Steel Shipments Nearly 6% Above October ’06 Totals

18 December 2007 - U.S. steel mills shipped 9,238,000 net tons in October, a 5.9% increase from the 8,725,000 net tons shipped in October 2006, and an 8.8% increase from the 8,492,000 net tons shipped in the previous month (September 2007).

EPA Rule to Reduce Mercury, PM Releases from EAF Facilities

18 December 2007 - The EPA issues new air emissions standards for mercury and particulate matter emissions from EAF-based steel manufacturers by requiring them to buy motor-vehicle scrap only from providers that participate in the EPA-approved National Vehicle Mercury Switch Recovery Program.

Still Hopeful, Esmark Confirms Termination of Sparrows Point Deal

18 December 2007 - Confirming ArcelorMittal USA’s termination of the Purchase and Sale Agreement, Esmark says that it plans to continue its efforts to participate in the purchase of the Sparrows Point business, and will also continue its discussions with the USW.

ArcelorMittal Terminates Sparrows Point Purchase Agreement with E2

17 December 2007 - ArcelorMittal terminates agreement for the sale of its Sparrows Point facility and related assets to E2 Acquisition Corp., a joint venture sponsored by Esmark and Wheeling-Pittsburgh.

Northwest Pipe Acquires Traffic Sign Post Manufacturer

14 December 2007 - Northwest Pipe announces the acquisition of the operating assets of S Square Tube Products, manufacturer of a variety of products that are used in the traffic industry.

OSHA Cites Wheeling Pittsburgh Steel for Safety Violations

14 December 2007 - OSHA proposes $210,000 in fines against Wheeling Pittsburgh Steel for alleged repeat and serious violations of federal workplace safety standards.

Domestic Steelmakers Endorse Sector-Based Approach to Addressing Climate Change

14 December 2007 - In response to the International Iron and Steel Institute's address on climate change that was delivered during the UNFCCC COP-13 meeting, the American Iron and Steel Institute endorses the global sectoral approach to address climate change.

AK Steel to Increase Prices for Carbon Steel Products

13 December 2007 - AK Steel will increase spot market prices by $30 per ton for carbon steel product orders accepted for shipment on February 1, 2008 and later.

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