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North America

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

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Gerdau Ameristeel Announces Selected 3rd Quarter Results

22 October 2007 - Gerdau Ameristeel reports selected preliminary comparative financial and operating data for the third quarter and nine months ended September 30, 2007 and 2006, including results for Chaparral from the date of its acquisition on September 14, 2007.

Cargill and Robinson Steel Finalize Joint Venture

19 October 2007 - Global iron and steel trader, processor and distributor Cargill has joined with RPS manufacturer and distributor Robinson Steel to form a new venture named Cargill Robinson, LLC.

Nafta and Latin American Steel Associations Develop Work Program

19 October 2007 - Representatives of five major NAFTA steel associations met recently with representatives of the Latin American Iron and Steel Association to discuss trade and other policy issues of common concern.

Reliance Reports 3rd Quarter Results

19 October 2007 - Reliance Steel & Aluminum reported net income of $93.6 million on sales of $1.81 billion for the third quarter and record net income of $328.0 million on record sales of $5.55 billion for the nine months ended September 30, 2007.

EPA Raises Additional Objections to Draft Permit for Gary Works

19 October 2007 - The U.S. EPA outlines three more objections to the draft wastewater discharge permit proposed by the State of Indiana for U.S. Steel’s Gary Works, following initial objections raised by EPA earlier this month.

Nucor Reports 3rd Quarter Results

19 October 2007 - Nucor reports consolidated net earnings of $381.2 million on consolidated net sales of $4.26 billion for the third quarter, and consolidated net earnings of $1.11 billion on consolidated net sales of $12.20 billion for the first nine months of 2007.

Ryerson Shareholders Approve Merger Agreement

18 October 2007 - Ryerson stockholders approve Platinum Equity’s acquisition of Ryerson in a vote that took place during a special meeting of stockholders on Wednesday, Oct. 17.

August Steel Shipments Sink Below August ‘06 Level

18 October 2007 - U.S. steel mills shipped 9,209,000 net tons in August 2007, a 4.0% decrease from August 2006 shipments, and a 4.1% increase from the 8,844,000 net tons shipped in the previous month, July 2007.

Siemens to Supply 4-Strand Billet/Bloom Caster for Steel Dynamics

18 October 2007 - Steel Dynamics contracts Siemens to engineer and manufacture a new 4-strand billet/bloom casting machine for its Structural and Rail Division in Columbia City, Ind.

Carpenter Technology Names Chief Marketing Officer

17 October 2007 - Carpenter Technology announces that Sanjay Guglani has joined Carpenter as Vice President and Chief Marketing Officer, effective October 22, 2007.

Carpenter Technology Announces 2-for-1 Stock Split

17 October 2007 - Carpenter Technology’s Board of Directors approves a two-for-one split of the company's common stock in the form of a stock dividend.

California Steel Reports 3rd Quarter Results

17 October 2007 - California Steel Industries reports net income of $1.8 million on sales of $335.4 million for the third quarter, and net income of $11.3 million on sales revenues of $985.9 million for the nine months ended September 30, 2007.

SMS Demag to Supply Hot Mill, Cold Rolling Complex for new TKS Mega-Mill

17 October 2007 - ThyssenKrupp Steel awards SMS Demag an order for a hot strip mill and cold rolling complex for the new high-capacity steel and stainless steel producing and processing facility planned for Calvert, Ala.

Steel Dynamics Reports 3rd Quarter Earnings

17 October 2007 - Steel Dynamics announces earnings of $101 million on revenues of $1.2 billion for the third quarter and net income of $297 million on revenues of $2.9 billion for the first nine months of 2007.

Mesabi Trust Declares Distribution

16 October 2007 - Trustees of Mesabi Trust declare a distribution of forty-eight cents per Unit of Beneficial Interest, which compares to a distribution of fifty-eight and one-half cents per Unit for the same period last year.

Cleveland-Cliffs Expands Finance Group

16 October 2007 - Cleveland-Cliffs announces changes in its Finance Group, including the appointments of Terrance M. Paradie as Vice President, Corporate Controller, and Kathleen L. Bardwell as Vice President, Internal Audit.

Symmetry Receives Final Approval for Novamerican Steel Acquisition

16 October 2007 - Symmetry Holdings receives notice from the Minister of Industry approving its offer to acquire all of the issued and outstanding shares of Novamerican Steel.

EPA Objects to Draft Permit for U.S. Steel Gary Works

15 October 2007 - U.S. EPA raises formal objections to the draft wastewater discharge permit the state of Indiana has proposed for U.S. Steel Corp.'s Gary Works facility.

PTC Alliance Announces End of Strike at Alliance

15 October 2007 - Union workers at PTC Alliance Corp.’s Alliance, Ohio, plant agree to end their strike and return to work unconditionally under terms of the most recent contract.

Gerdau Ameristeel Files Prospectus for Shares Offering

15 October 2007 - Gerdau Ameristeel files preliminary documents with relevant regulatory authorities in the U.S. and Canada for a proposed offering of 110 million of its common shares.

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