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North America

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

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IISI, Steel Industry Call for Review of BHP-Rio Tinto Alliance

21 November 2007 - Speaking on behalf of steel producers worldwide, the International Iron and Steel Institute issues a formal request that all relevant competition authorities review the proposed alliance between BHP and Rio Tinto.

PRO-TEC Wins Prestigious Malcolm Baldrige Award

21 November 2007 - The U.S. Department of Commerce selects PRO-TEC Coating Company as one of five recipients of the prestigious Malcolm Baldrige National Quality Award for 2007.

Steel Shipments Dip Further Below ‘06 Levels in September

20 November 2007 - U.S. steel mills shipped 8,492,000 net tons of steel in September 2007, a 7.7% decrease from the 9,199,000 net tons shipped in September 2006.

ArcelorMittal Plans Q1 Steel Price Increase for U.S., Q2 Increase for EU

20 November 2007 - Raw material and energy cost increases for 2008 are prompting ArcelorMittal to increase prices for flat steel products in the NAFTA and European markets.

Gerdau to Acquire MacSteel from Quanex

20 November 2007 - Brazil-based Gerdau Group signs definitive agreement for the acquisition of Quanex Corp.’s MacSteel business for US$ 1.458 billion in cash, plus the assumption of debt and certain liabilities.

Steelworkers Ratify Horsehead Labor Agreement at Monaca

19 November 2007 - The United Steelworkers local 8183 votes to accept a new labor contract with Horsehead at the company’s Monaca, Pa. facility.

Nucleus LLC to Provide Melt Manufacturing System to Carpenter Technology

19 November 2007 - Nucleus LLC is providing a primary melting manufacturing execution system to Carpenter Technology that will bring together the Level 2 control functions of the existing EAF and vacuum induction melting facilities at the company’s Reading, Pa., facility.

Symmetry Holdings Closes Acquisition of Novamerican Steel

19 November 2007 - Symmetry Holdings completes its acquisition of steel service center, processor and tubing manufacturer Novamerican Steel.

AK Steel Honors Four Companies with Supplier of the Year Awards

19 November 2007 - AK Steel honors four companies with its Supplier of the Year award for outstanding service, value and strategic support of the steelmaker's business plan.

Stainless, Specialty Imports Continue to Outpace ‘06 through first Eight Months

16 November 2007 - Total stainless imports reach 550,872 tons through the first eight months of 2007, a 2% increase compared to YTD 2006, according to the latest report from the Specialty Steel Industry of North America, while total specialty steel imports reach 694,271 tons over the same period, a 6% increase compared to YTD August 2006.

Ryerson Updates Noteholders on 3rd Quarter Financial Results

15 November 2007 - Ryerson provided holders of its Senior Secured Notes with summary financial results for the quarter ended September 30, 2007, noting that additional financial information would be provided on or about November 30, 2007.

Rolled Metal Products Acquires Torrington Brass & Steel

15 November 2007 - Rolled Metal Products announces the acquisition of Torrington Brass & Steel, a provider of slit and edge conditioned stainless and high carbon steel, as well as copper and brass wire and coil.

AISI Raises Competitiveness Concerns to Senate Committee

15 November 2007 - In testimony during a legislative hearing of America’s Climate Security Act of 2007 (S. 2191), AISI President and CEO Andrew G. Sharkey states that any climate change provisions must apply to foreign firms selling in the U.S. market in order to avoid dire consequences for the U.S. economy and the environment.

Horsehead, USW Reach Tentative Labor Agreement at Monaca Facility

14 November 2007 - Horsehead reaches a tentative agreement the bargaining committee of USW Local 8183 on a new labor contract for the Monaca, Pa., facility.

Claymont Steel Reports 3rd Quarter Results

14 November 2007 - Claymont Steel Holdings reported net income of $1.0 million on revenues of $71.5 million for the third quarter of 2007; earnings were impacted by difficulties restarting the reheat furnace following a scheduled maintenance shutdown at the plate mill.

Worthington Forms Joint Venture with LEFCO

14 November 2007 - Worthington Steelpac Systems acquires a 49% interest in crate and pallet manufacturer Lefco Industries.

UGITECH USA to Add Two North American Stocking Locations

13 November 2007 - Specialty steels provider UGITECH USA announces plans to expand its distribution network by adding stocking locations in Cleveland and Toronto.

CMC Commissions CCR Cut-to-Weight System

13 November 2007 - CMC commissions a billet weighing and cut-to-weight system installed by CCR Technologies on the continuous caster at its South Carolina facility.

IAS to Supply Coating Control for Indiana Harbor Galv Line

13 November 2007 - ArcelorMittal has placed an order with Industrial Automation Services to design, supply and commission a zinc coating mass control system and a knife control system for the No. 2 hot dip galvanizing line at its Indiana Harbor facility.

Steel Import Permit Applications Creep up Again in October

13 November 2007 - Steel import permit applications totaled 2,616,000 net tons for October, an 8% increase compared to the 2,433,000 permit tons recorded in September 2007.

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