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North America

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

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NYMEX to Debut WSD-Based Steel Futures Contracts

24 July 2007 - The New York Mercantile Exchange signs licensing agreement with World Steel Dynamics, and will introduce a steel futures contract based on WSD’s SteelBenchmarker benchmark pricing system on the NYMEX ClearPort electronic clearing and trading platforms later this year.

Attala Steel Beam Mill Features Danieli Universal Roll Stands

23 July 2007 - Attala Steel Industries, Kosciusko, Miss., recently started up its new wide-flange beam rolling mill with two heavy-duty SHS-U universal housingless finish stands supplied by Danieli.

AK Steel Makes Addition to Board of Directors

23 July 2007 - AK Steel announced the election of Ralph S. (Mike) Michael III to its board of directors, effective immediately.

Department of Commerce to Investigate Welded Pipe from China

23 July 2007 - The U.S. Department of Commerce will continue its investigations of welded steel pipe from China, following the ITC’s determination that there is reasonable indication of material injury due to imports of this product from China that are allegedly sold in the U.S. at less than fair value.

SeverCorr Welcomes New Process Steel to the Neighborhood

20 July 2007 - New Process Steel is the latest business partner to join the SeverCorr site near Columbus, Miss.; its facility will provide downstream processing, including slitting and blanking, for light-gauge pickled, cold rolled and galvanized products

Nucor Reports Results for First Half of 2007

20 July 2007 - Nucor announces consolidated net earnings of $344.9 million on consolidated net sales of $4.17 billion for the second quarter, and consolidated net earnings of $725.9 million on consolidated net sales of $7.94 billion for the first half of 2007.

Ipsco Unveils New Senior Management Team

20 July 2007 - Ipsco announces the appointment of its new senior management team following completion of the company’s acquisition by SSAB Svenskt Stal AB.

SMS Demag to Supply Multi-Blanking Line for Heidtman Steel

19 July 2007 - Heidtman Steel Products awards SMS Demag Ltd. an order for a new multi-blanking line to be installed at the company’s steel processing center in Butler, Ind.

Northwest Pipe Announces Promotions

19 July 2007 - Northwest Pipe announced three management promotions, naming a new Vice President—Human Resources, Vice President—Quality Assurance, and Vice President—Purchasing.

SSAB Completes Acquisition of Ipsco

19 July 2007 - SSAB Svenskt Stal AB has successfully completed its acquisition of Ipsco for U.S. $160 per share.

CMC Issues $400,000,000 of Senior Unsecured Notes

18 July 2007 - Commercial Metals has sold $400 million principal amount of Senior Unsecured Notes due 2017.

Ontario Superior Court Approves Ipsco-SSAB Plan of Arrangement

18 July 2007 - The Ontario Superior Court of Justice issues the final order approving the Plan of Arrangement for SSAB’s acquisition of all outstanding Ipsco shares.

Steelworkers Back Agreement with Hamilton Specialty Purchaser

18 July 2007 - Members of the United Steelworkers' Local 4752 vote 93% in favor of an agreement reached last week with Woodside Capital and Pinnacle Steel; pending court approval, the agreement could lead to the reopening of Hamilton Specialty Bar.

CMC Chairman Adopts 10b5-1 Stock Trading Plan

17 July 2007 - Commercial Metals Board Chairman Stanley A. Rabin has executed a prearranged systematic personal stock trading plan pursuant to, and intended to comply with, Rule 10b5-1 under the Securities Exchange Act of 1934 and with CMC's policies with respect to insider sales.

Management Shuffle Continues at U. S. Steel

17 July 2007 - United States Steel announced that David J. Rintoul has been named General Manager of Granite City Works, succeeding Michael A. Fedorenko, who has been appointed General Manager of Engineering.

Ipsco Shareholders Approve Arrangement with SSAB

17 July 2007 - Ipsco shareholders vote to approve the Plan of Arrangement for Svenskt Stal AB’s acquisition of outstanding Ipsco shares.

Steel Dynamics Ships First Order of Welded Rail

17 July 2007 - Steel Dynamics makes its first shipments of welded rails from the recently completed rail welding operation at Columbia City, Ind.

Mesabi Trust Declares Distribution

16 July 2007 - Trustees of Mesabi Trust declare a distribution of thirty-one cents per Unit of Beneficial Interest, which compares to a distribution of forty cents ($0.40) per Unit for the same period last year.

Canadian Authorities Approve Ipsco Plan of Arrangement

16 July 2007 - The Canadian Minister of Industry under the Investment Canada Act has granted approval of the Plan of Arrangement for SSAB’s acquisition of Ipsco’s outstanding shares for U.S.$160.00 per share; the deal has also been cleared by the Canadian Competition Bureau.

Tenova Goodfellow to Supply EFSOP Technology for Ternium Hylsa, Tenaris Dalmine

13 July 2007 - Tenova Goodfellow will supply EFSOP® systems to Ternium Hylsa for the EAF at the Monterrey Flat Products facility, and to Tenaris Dalmine, for their Bergamo facility.

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