▶Subscribe to the Steel News Rewind Newsletter

North America

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

Latest News

Steelworkers Renew Strike Mandate at AltaSteel

03 June 2005 - Members of the United Steelworkers' Local 5220 at Stelco Inc.'s Edmonton subsidiary, AltaSteel, have voted 97% in favor of renewing the strike mandate first granted to the local's bargaining committee last September during ongoing contract negotiations. The mandate had been renewed in February.

Stelco Revises Earnings Guidance

03 June 2005 - Stelco Inc. has adjusted its earnings expectations for the second quarter of 2005. The company says that while it continues to expect solid performance from a historical perspective, second quarter operating earnings are now expected to be considerably below the level of the first quarter of 2005. The decrease is attributed primarily to lower spot market prices, higher energy costs and the flow-through of higher-cost inventory produced in the first quarter.

Steel Imports Continue to Surge in April

03 June 2005 - The United States imported a total of 3,022,000 net tons of steel in April, according to the latest report issued by the American Iron and Steel Institute (AISI). The report, which is based on preliminary Census Bureau data, shows that April import totals include 2,368,000 net tons of finished steel. Total imports were 9.0% higher in April compared to March 2005, while finished steel imports were 5.0% higher than in March 2005. (Comparisons are based on the previous month’s final Census Bureau data, not preliminary data.)

Maverick Tube Completes Acquisition of Columbian Tube Facilities

02 June 2005 - Maverick Tube Corp. announced the successful completion of its acquisitions of Tubos del Caribe SA, substantially all of the equity interests in Consorcio Metalurgico Nacional SA, and Advance Corp. on Friday May 27, 2005.

Reliance Steel & Aluminum to Acquire Chapel Steel

02 June 2005 - Reliance Steel & Aluminum Co. has reached an agreement to acquire Chapel Steel Corp., headquartered in Spring House, Pa. Terms of the deal were not disclosed.

Republic Facility Certified to ISO/TS 16949:2000 Technical Specification

02 June 2005 - Republic Engineered Products, Inc.’s Lorain, Ohio, operation has received certification to the ISO/TS 16949:2000 quality specification.

Steel Dynamics Amends 2nd Quarter Outlook

02 June 2005 - Steel Dynamics, Inc. revised its outlook for the second quarter.

Morgoil to Help Automate Jinan Hot Strip Mill

01 June 2005 - Morgan Construction Co.’s Morgoil® Bearing Division has received an order from Jinan Iron and Steel Co., Ltd., P.R. China, for its Hydraulic Automatic Gauge Control (HAGC) Cylinders and Automatic Width Control (AWC) Cylinders. The cylinders will be installed in a new Hot Strip Mill that Jinan Iron and Steel is currently erecting.

AIST Foundation Announces New Scholarship

01 June 2005 - The AIST William E. Schwabe Memorial Scholarship has been established with a generous endowment from the Steel Manufacturers Association (SMA).

Techint Goodfellow Starts up EFSOP Systems at MacSteel Arkansas

01 June 2005 - Techint Goodfellow Technologies Inc. (TGTI) and MacSteel Arkansas recently announced the successful commissioning of two Goodfellow EFSOP Systems at MacSteel’s Fort Smith, Ark., plant.

Keystone Files Amended Joint Plan of Reorganization

01 June 2005 - Keystone Consolidated Industries, Inc. filed its First Amended Joint Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Eastern District of Wisconsin in Milwaukee on May 26, 2005.

Gerdau AmeriSteel Announces New President

01 June 2005 - Gerdau AmeriSteel’s Board of Directors announced the appointment of Mario Longhi to assume the position of President, effective immediately.

Pittsburgh Logistics Announces Executive Appointments

01 June 2005 - Pittsburgh Logistics Systems, Inc. (PLS) announced the appointment of Robert Richardson as Director—Logistics Support and Mark Ohlund as Vice President—Technology Strategy.

Timken Latrobe to Increase Specialty Steel Prices

31 May 2005 - Timken Latrobe Steel announced it would increase prices by 5 to 10% on all remelted aerospace alloys, air melt stainless steel and tool steel grades, effective with all new orders received beginning June 1, 2005.

IOC to Invest $31 Million to Retrofit Concentrator

31 May 2005 - Iron Ore Company of Canada (IOC) is investing over $30 million to retrofit its concentrator by replacing the spirals on eight processing lines.

Stelco Court Monitor Files 31st Report

31 May 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirty-first Report regarding the company's Court-supervised restructuring. The Report provides updated information regarding the mediation process initiated by Court Order on May 19, 2005. The Monitor notes that the mediator, the Hon. George Adams, began holding one-on-one meetings with stakeholders on May 24. That process is continuing.

Worthington Employees Celebrate 50 Years with Volunteer Service

27 May 2005 - Worthington Industries, Inc. kicked off its 50th anniversary celebration with a commitment to dedicate 500 hours of volunteer service to the communities where the company does business.

Operations Halted at Gerdau Ameristeel Facility Pending Labor Agreement

27 May 2005 - Gerdau Ameristeel ceased operations at its Beaumont, Texas, mill in an effort to encourage the United Steelworkers of America (USWA) labor union to act on the company's "last, best and final" agreement offer presented to the union committee on May 9, 2005.

Danieli Stainless Billet Caster Started up at North American Stainless

26 May 2005 - North American Stainless (NAS) recently produced its first billets on a new 4-strand caster at the company’s steelmaking facilities in Ghent, Ky.

Bricmont to Supply Reheat Furnace for Nucor’s Plymouth Mill

26 May 2005 - Bricmont, Inc. has received a multimillion dollar contract from Nucor Steel to supply a new pusher-type reheat furnace for the company’s rolling mill in Plymouth, Utah.

Page 473 of 521

View Latest Steel News