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North America

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

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Algoma Rejects Paulson Demand

26 October 2005 - Algoma Steel Inc. announced that its Board of Directors has received and rejected a demand from Paulson & Co. Inc. that Algoma undertake a capital reorganization.

Elk Valley Coal Enters 10-Year Sales Agreement with JFE Steel

25 October 2005 - Fording Canadian Coal Trust and Teck Cominco Limited announced that Elk Valley Coal and JFE Steel Corp. of Japan have entered into a strategic collaborative relationship that seeks stable sales and supply of Elk Valley Coal hard coking coal.

Universal Stainless Reaches Labor Agreement with Titusville Employees

25 October 2005 - Universal Stainless & Alloy Products, Inc. has reached a new five-year collective bargaining agreement with the employees at its Titusville, Pa., facility.

Metals USA Reports 3rd Quarter Results

25 October 2005 - Metals USA, Inc. announced net income of $11.2 million on net sales revenue of $396.1 million for the three months ended September 30, 2005.

NS Group Reports 3rd Quarter Results

25 October 2005 - NS Group, Inc. announced net income of $30.8 million on net sales of $139.9 million for the third quarter, and net income of $87.3 million on net sales of $446.7 million for the nine months ended September 30, 2005.

Carpenter Reports Record 1st Quarter Results

25 October 2005 - Carpenter Technology Corp. reported record net income of $40.1 million on record sales of $346.0 million for the first fiscal quarter of 2006 ended September 30, 2005. Carpenter says the results reflected robust conditions in the aerospace market, increased sales of higher value materials, and the benefits from the company's continued focus on lean and variation reduction.

Don Daily Elected 2006-2007 Chairman of SMA

24 October 2005 - The Steel Manufacturers Association (SMA) Board of Directors announced the election of Don Daily as Chairman of the SMA for 2006 and 2007. He will succeed Keith Busse, who concludes his two-year term in February 2006.

AK Steel Enters Pellet Supply Agreement with QCM

24 October 2005 - AK Steel has entered into a long-term supply agreement with Quebec Cartier Mining Co. (QCM) for the purchase of iron ore pellets.

Novamerican Steel Announces New President

21 October 2005 - The Board of Directors and Mr. D. Bryan Jones, Chairman and CEO, of Novamerican Steel Inc. announced the appointment of Mr. Scott B. Jones as President of the corporation.

Cliffs Recognizes Top Suppliers

21 October 2005 - Cleveland-Cliffs Inc. recently announced the companies selected for its Supplier Excellence Award. The nine companies selected are participants in Cliffs' Alliance Suppliers Program. Top suppliers were honored for their high-quality products, excellent service, competitive pricing and ongoing commitment to provide value to Cliffs-managed mines.

AK Steel Announces Chairman of the Board

21 October 2005 - AK Steel announced that James L. Wainscott, 48, President and CEO, has been elected Chairman of the Board of Directors of AK Steel, effective January 1, 2006.

Reliance Steel & Aluminum Reports 3rd Quarter Results

21 October 2005 - Reliance Steel & Aluminum Co. reported net income of $49.4 million on record sales of $870.1 million, and record net income of $144.8 million on record sales of $2.5 billion for the third quarter and nine months ended September 30, 2005, respectively.

AK Steel Dedicates Degasser and Caster at Ashland Works

21 October 2005 - AK Steel recently held a dedication ceremony for its new vacuum degassing unit and converted caster at the company's Ashland, Ky., facility.

Nucor Reports 3rd Quarter Results

21 October 2005 - Nucor Corp. announced consolidated net earnings of $291.9 million on consolidated net sales of $3.03 billion for the third quarter, and record consolidated net earnings of $969.3 million on consolidated net sales of $9.49 billion for the first nine months of 2005.

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