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North America

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

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Restructuring Efforts Pay off for ThyssenKrupp Electrical Steel

01 December 2005 - ThyssenKrupp Steel is beginning to reap the benefits of restructuring its electrical steel operations. For the 2004/2005 fiscal year, subsidiary ThyssenKrupp Electrical Steel GmbH reported an eight-figure profit, which compares with a high eight-figure loss a year earlier.

Mittal Steel Increases Shareholding in Mittal Steel Zenica to 92%

01 December 2005 - Mittal Steel Co. NV has acquired a further 41% stake in Mittal Steel Zenica from the Kuwaiti Investment Agency for US$98 million.

Arcelor to Buy Stake in Two Costa Rican Long Carbon Steel Producers

01 December 2005 - Arcelor's Brazilian unit Arcelor Brasil has signed an agreement to buy a 50% stake of the capital of the Costa Rican companies Laminadora Costarricense SA and Trefileria Colima from Grupo Pujol Marti.

Usiminas Plans New Medium- and Long-Term Investment Cycle

01 December 2005 - Usinas Siderurgicas de Minas Gerais S/A recently announced its medium- and long-term investments.

Arcelor Enters Into Strategic Partnership for Erdemir

01 December 2005 - Arcelor and the Turkish pension fund Ordu Yardimlasma Kurumu (OYAK) have agreed that Arcelor will acquire 41% of Ataer Holding AS, a wholly owned OYAK subsidiary that was founded to acquire a 49.29% equity stake of Eregli Demir ve Celik Fabrikalari AS (Erdemir).

Ipsco Wins Quality Award for Alabama Steelworks

01 December 2005 - Ipsco Inc.'s Alabama Steelworks has been named one of the winners of the 2005 Alabama Quality Awards.

Chaparral Steel Announces New COO

30 November 2005 - Chaparral Steel Co. announced the promotion of William H. (Bill) Dickert to the position of Vice President and Chief Operating Officer.

October Steel Imports 18% Higher than Previous Month

30 November 2005 - The United States imported a total of 2,726,000 net tons (NT) of steel in October according to the latest report by the American Iron and Steel Institute (AISI), which is based on preliminary Census Bureau data. The total included 1,995,000 net tons of finished steel.

Gerdau Ameristeel to Resume Normal Operations at Beaumont Mill

30 November 2005 - Gerdau Ameristeel announced that it will resume normal operations at its steel wire rod mill in Beaumont, Texas, on December 12, 2005.

Surma to Replace Usher as Chairman of U. S. Steel

30 November 2005 - United States Steel Corp.’s board of directors has elected John P. Surma Jr. chairman of the board, effective February 1, 2006.

SMS Demag to Supply Meltshop, CSP, and Finishing Equipment for SeverCorr

28 November 2005 - SeverCorr LLC has placed an order with SMS Demag, Germany, for the supply of all production facilities for its integrated works, ranging from steelmaking to the hot strip mill, cold rolling mill and strip surface finishing.

Key Stelco Stakeholders Reach Agreement on Restructuring Plan

25 November 2005 - Key Stelco stakeholders have reached a consensual agreement on the economic terms of a restructuring plan.

Arcelor Extends Take-Over Bid for Dofasco

24 November 2005 - Dofasco Inc.’s Board of Directors is reviewing an unsolicited all-cash takeover bid from Arcelor SA for all outstanding Dofasco common shares.

Ryerson Tull Appoints New Director

23 November 2005 - Ryerson Tull’s Board of Directors has appointed Dennis J. Keller to the company's board of directors.

International Coal Group Lists Common Stock on NYSE

23 November 2005 - International Coal Group, Inc. announced that its common stock had been admitted for trading on the New York Stock Exchange.

GM North America Announces Major Capacity Reductions

23 November 2005 - General Motors announced it will undergo a wide-ranging restructuring of its manufacturing operations in the United States and Canada.

L.B. Foster and Chaparral Steel Team up for New Orleans Levee Restoration

22 November 2005 - Pittsburgh-based L.B. Foster Co. announced that their Construction Products unit has been awarded a series of contracts, initially valued in the range of $3 million, to provide American-manufactured piling to multiple contractors for use on levee restoration projects in the City of New Orleans.

Timken Latrobe to Increase Specialty Steel Prices

22 November 2005 - Timken Latrobe Steel announced it would increase prices by 3 to 8% on all remelted aerospace alloys. The price change will be effective immediately on all new inquiries and for all new orders received beginning Dec. 1, 2005.

Paulson Asserts Right of Shareholders to Consider Algoma Business

22 November 2005 - Paulson & Co. Inc., which holds (directly and indirectly) 19.0% of the outstanding shares of Algoma Steel, asserted the right of Algoma shareholders to requisition a special meeting, elect directors and consider company business as provided by Ontario law.

Algoma Calls Special Meeting of Shareholders

22 November 2005 - Algoma Steel’s Board of Directors has called a special meeting of shareholders to be held in Toronto on Wednesday, March 22, 2006.

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