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North America

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

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Tube City IMS Earns Safety Award for Cayce Facility

04 May 2007 - Tube City’s IMS Division operation in Cayce, S.C., earns the Palmetto Safety Excellence Award from the South Carolina Occupational Safety Council for its outstanding safety performance in 2006.

Carpenter Technology Announces Resignation of CFO

04 May 2007 - Carpenter Technology announced that M. David Kornblatt has resigned as Senior Vice President — Finance and Chief Financial Officer, who is leaving o take a position as CFO with another company.

Steelworkers End Occupation at Hamilton Specialty Bar

04 May 2007 - Members of the United Steelworkers' (USW) Local 4752 have ended their sit-in at Hamilton Specialty Bar after the company agreed to the union's terms for ending the occupation.

Gerdau Ameristeel Reports 1st Quarter Results

04 May 2007 - Gerdau Ameristeel Corp. reported net income of $133.5 million on net sales of $1.3 billion for the three months ended March 31, 2007.

Algoma Steel Reports 1st Quarter Results

03 May 2007 - Algoma Steel Inc. released its unaudited first quarter results—net income of $23.1 million on sales of $479.5 million—for the three months ended March 31, 2007.

AK Steel Announces June Electrical Surcharges

03 May 2007 - AK Steel says it will add a $310 per ton surcharge to invoices for electrical steel products shipped in June 2007.

Ryerson Reports 1st Quarter Results

03 May 2007 - Ryerson Inc. reported net income of $28.1 million on sales of $1.7 billion for the first quarter ended March 31, 2007.

SSAB to Acquire Ipsco

03 May 2007 - Ipsco and SSAB Svenskt Stal AB have entered into an agreement providing for SSAB to acquire Ipsco for U.S. $160 per share in cash, giving the deal a total equity value of U.S. $7.7 billion. The Boards of Directors for both companies have approved the transaction.

Gerdau Ameristeel Appoints Communications Executive

02 May 2007 - Gerdau Ameristeel announced that Steven Hendricks has joined Gerdau Ameristeel as Director, Corporate Communications and Public Affairs.

California Steel Reports 1st Quarter Results

02 May 2007 - California Steel Industries, Inc. reported net income of $1.3 million on sales of $314.7 million for the first quarter ended March 31, 2007.

Average Nickel Content Declining in Stainless Steels

02 May 2007 - MEPS reports that high nickel prices are prompting buyers of austenitic stainless steels to actively seek alternative grades or other materials, a trend that could have long-term implications.

Metals USA Reports 1st Quarter Results

01 May 2007 - Metals USA announced net income of $6.6 million on sales revenues $462.6 million for the quarter ended March 31, 2007.

Quebec Cartier Mining Announces New CEO

01 May 2007 - Quebec Cartier Mining Co. announced that Francois Pelletier will become President and CEO, succeeding Jacques Chabanier, who is retiring.

Stelco Reports Improved Results for 1st Quarter

01 May 2007 - Stelco reported EBITDA of $13 million and a $35-million loss before income tax of for the first quarter ended March 31, 2007, a substantial improvement over the negative $82-million EBITDA and $145-million loss before income tax reported in the fourth quarter 2006.

CORE to Supply Consteel System for New CMC Arizona Facility

01 May 2007 - Danieli Corp. recently contracted Core Furnace Systems to design and supply a Consteel® system for a new CMC continuous steelmaking facility in Mesa, Ariz. 

February Steel Shipments Down 6.5% from Last Year

30 April 2007 - U.S. steel mills shipped 8,350,000 net tons in February 2007, according to the latest report from the American Iron and Steel Institute (AISI).

Croatian Government Accepts CMC’s Mill Bid

30 April 2007 - Commercial Metals announced that its second bid to acquire Valjaonica Cijevi Sisak (VCS) has been accepted by the Croatian Privatization Fund and Croatian government. The April 17, 2007 bid was submitted via Swiss subsidiary, Commercial Metals International AG.  

Dofasco Provides Update on Notes Redemption

30 April 2007 - Dofasco has received the required written resolutions from noteholders authorizing amendments to the terms and conditions of each series of notes that will permit redemption of the 7.55% notes due October 1, 2008, and the 4.961% notes due June 15, 2017.

IISI Reports World Crude Steel Production for March 2007

27 April 2007 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 110.9 million tonnes in March — 8.6% higher than for March 2006.

Timken Reports 1st Quarter Results

27 April 2007 - Timken reports income from continuing operations of $41.6 million on sales of $1.28 billion during the first quarter of 2007.

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