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North America

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

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Steelworkers Respond ArcelorMittal Plans for Contrecoeur

13 December 2007 - United Steelworkers (FTQ) representatives reflect both optimism and caution in their response to ArcelorMittal’s announced plans to build a beam mill at Contrecoeur but close the facility’s hot mill and cold mill by the end of February 2008.

SeverStal Confirms Discussions with SeverCorr Management Team

13 December 2007 - SeverStal confirms that it is in discussions with the senior management team at SeverCorr regarding the new company’s ownership structure.

Steel Technologies to Consolidate Operations with Mi-Tech Steel

12 December 2007 - Steel Technologies announces plans to combine its operations with Mi-Tech Steel’s, creating a combined company that will operate a total network of 25 facilities and generate projected annual revenues of approximately $1.4 billion.

Global Industry Group Announces Future Steel Vehicle Research Program

12 December 2007 - The International Iron and Steel Institute's automotive group, WorldAutoSteel, announces the Future Steel Vehicle project during the United Nations Framework Convention on Climate Change conference in Bali.

ArcelorMittal to Build Beam Mill in Contrecoeur, Restructure Canadian Operations

12 December 2007 - ArcelorMittal’s Canadian restructuring plans include consolidation of flat products production at the Dofasco facility in Hamilton, and long products production at the company’s ArcelorMittal Montreal facility in Contrecoeur, Que.

ITC to Conduct Sunset Review of Steel Wire Rod Imports

11 December 2007 - The U.S. ITC votes to conduct full five-year sunset reviews of a  countervailing duty order on carbon and alloy steel wire rod from Brazil, and antidumping duty orders on wire rod from Brazil, Canada, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine.

Nucor Welcomes Former Weirton Steel Chief to Board of Directors

11 December 2007 - Nucor announces the election of former Weirton Steel President and CEO John H. Walker to its board of directors, effective January 1, 2008.

Evraz to Acquire Claymont Steel for $564.8 Million

11 December 2007 - Building on its recent acquisition of Oregon Steel, Evraz Group SA announces plans to expand its North American presence with the acquisition of Delaware-based Claymont Steel for an aggregate price of approximately US$564.8 million, including debt and net of cash.

Parsytec to Supply 4th Surface Inspection System for North American Stainless

10 December 2007 - Parsytec AG will supply a surface inspection system to North American Stainless for a hot band annealing-pickling line at its Ghent, Ky., facility.

Schnitzer Steel Makes Changes to Financial Executive Group

10 December 2007 - Schnitzer Steel announces reassignment of responsibilities for several members of its financial executive team, including former CFO Greg Witherspoon, who has been reassigned to a new position as Vice President, Special Projects.

Allegheny Technologies Elects New Director

07 December 2007 - Allegheny Technologies announces the election of J. Brett Harvey, President and CEO of Consol Energy, to the company’s Board of Directors.

U. S. Steel Prices $500 Million of Senior Unsecured Notes

07 December 2007 - United States Steel prices $500 million of 7.00% Senior Notes due 2018 at 99.087% of the principal amount.

Novamerican Steel to Terminate SEC Reporting Obligations

06 December 2007 - Novamerican Steel will file a Form 15F with the SEC to terminate its reporting obligations under the United States Securities Exchange Act of 1934 following its November 15 acquisition by Symmetry Holdings.

Nucor Increases Base Dividend by 173%

06 December 2007 - Nucor’s Board of Directors increases the regular quarterly cash dividend on Nucor's common stock to thirty-cents per share, and approves a supplemental dividend of thirty-one cents per share.

Latrobe Specialty Steel Licenses Corrosion-Resistant Landing Gear Alloy

06 December 2007 - QuesTek Innovations licenses to Latrobe Specialty Steel the production and distribution of their Ferrium S53(R) alloy— a high-strength, high-toughness, corrosion-resistant alloy that can be used to construct landing gears that no longer require toxic cadmium coatings.

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