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North America

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

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Ohio Steel Producers Report First Half Results

04 October 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.

AK Steel to Recycle Waste Materials at Ashland Works

04 October 2005 - AK Steel announced the construction of a new recycling facility at its Ashland (Ky.) Works to process and recycle waste materials from the plant's blast furnace, cokemaking operation and continuous caster.

Novamerican Reports 31st Consecutive Profitable Quarter

03 October 2005 - Novamerican Steel Inc. announced net income of $4.3 million* on net sales of $191.2 million for the third quarter ended August 27, 2005.

Wheeling-Pittsburgh Steel Updates Third Quarter Outlook

03 October 2005 - Wheeling-Pittsburgh Steel Corp. announced that it expects operating income for the third quarter to be more than $20 million lower than previously expected. This is primarily due to greater than anticipated increases in scrap costs in the third quarter, as well as lower selling prices. Third quarter shipments are expected to be 550,000 tons (up 25,000 tons), and production is expected to be 570,000 tons (30,000 tons lower).

Wheeling-Pittsburgh and Severstal NA form Mountain State Carbon

03 October 2005 - Wheeling-Pittsburgh Steel Corp. and SNA Carbon, LLC announced the formation and funding of their new joint venture, Mountain State Carbon LLC. The new venture now owns Wheeling-Pittsburgh's coke plant in Follansbee, W.Va.

Mittal Steel USA to Restart Indiana Harbor Blast Furnace

03 October 2005 - Mittal Steel has elected to restart a blast furnace in its East Chicago, Ind., facility at about the time another is going down in Cleveland. The moves are part of the company's ongoing effort to balance its supply of steel with the demand for its products in the marketplace and maintenance needs for various ironmaking and steelmaking equipment.

Worthington Announces Extension of Credit Facility

03 October 2005 - Worthington Industries, Inc. has amended and restated its long-term revolving credit facility with a consortium of banks led by Scotia Capital and PNC Bank.

Mittal Steel Acquires 93% Stake in Kryvorizhstal

01 October 2005 - Mittal Steel Co. NV has agreed to acquire a 93.02% stake in the capital of KryvorizhStal from the State Property Fund of Ukraine following a public auction.

Danieli to Supply Wire Rod Mill for Talleres Y Acero

01 October 2005 - Talleres Y Acero SA de CV, Mexico, has contracted Danieli for the supply of a new complete wire rod rolling mill. The new mill will be installed at the company’s Orizaba steelworks, adjacent to the existing bar mill and steelmaking plant.

Benxi Starts up 2nd Danieli Flexible Thin Slab Casting Strand

01 October 2005 - Benxi Iron & Steel Co., P.R. China, recently started up its second Danieli flexible thin slab casting strand. Since the first heat was cast, a wide range of steel grades has now been successfully commissioned.

Outokumpu Sells its Remaining Boliden Shares

01 October 2005 - Outokumpu recently sold the all of its remaining 46,669,712 Boliden shares to institutional investors. Total net proceeds of the sale amounted to EUR 180 million.

Arcelor Included in Dow Jones Sustainability Index

01 October 2005 - Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.

Mittal Steel Completes Acquisition of 36.67% of Hunan Valin Steel

01 October 2005 - Mittal Steel Co. NV has received final approval relating to its acquisition of 36.67% of Hunan Valin Steel Tube & Wire Co. for a total consideration of US$338 million.

Techint Goodfellow Starts up EFSOP System at Dongkuk Steel

01 October 2005 - Techint Goodfellow Technologies Inc., Mississauga, Ont., recently commissioned a state-of-the-art Goodfellow Expert Furnace System Optimization Process (EFSOP™) system at Dongkuk Steel Incheon Plant in Korea.

Techint Goodfellow Starts up EFSOP Systems for Posco

01 October 2005 - Techint Goodfellow Technologies Inc., Mississauga, Ont., recently commissioned two state-of-the-art Goodfellow Expert Furnace System Optimization Process (EFSOP™) systems at Posco’s Kwangyang Works in Korea. The systems are presently gathering data from the two furnaces.

Stelco-Tricap Agreement Filed with Court

30 September 2005 - Stelco Inc. announced that its restructuring agreement with Tricap Management Limited was filed with the Court Wednesday evening (Sep. 28) as part of the Motion Record for a hearing scheduled for October 3, 2005.

Steelworkers Reach Tentative Agreement at Three Mittal Steel Plants

30 September 2005 - The United Steelworkers (USW) union has reached a tentative agreement covering 5,000 workers at three Mittal Steel locations.

Steel Technologies Downgrades 4th Quarter Outlook

29 September 2005 - Steel Technologies Inc. announced that it expects results for the fourth quarter ending September 30, 2005, to reflect lower-than-anticipated shipments and further margin compression.

Pacific Galvanizing to Pay $13,900 for Violation of Federal Environmental Laws

28 September 2005 - The U.S. Environmental Protection Agency recently fined Pacific Galvanizing, Inc., $13,900 for violations of federal hazardous waste laws at its facility in Oakland, Calif.

Dietrich and NOVA Chemicals to Develop Novel Construction Products

28 September 2005 - Dietrich Metal Framing is working with NOVA Chemicals Corp. to evaluate and commercialize novel construction products. Under a joint development agreement, the companies will work together on construction products that combine the structural benefits of light gauge steel framing with the thermal and moisture-retardant properties of expandable polystyrene.

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