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North America

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

Latest News

SMS Demag to Supply Compact Cold Mill for Zhejiang

01 May 2005 - Newly founded Zhejiang Southeast Metal Sheet Co. Ltd., P.R. China, has placed an order with SMS Demag for a six-high Compact Cold Mill (CCM).

Oregon Steel Mills Reports 1st Quarter Results

29 April 2005 - Oregon Steel Mills, Inc. reported net income of $28.4 million on sales of $296 million for the first quarter of 2004.

AK Steel Announces May Surcharges

29 April 2005 - AK Steel announced it will add a $218 per ton surcharge to invoices for flat-rolled carbon steel products shipped in May 2005. In addition, a $215 per ton surcharge will be added to invoices for electrical steel products shipped in May 2005.

Timken Latrobe Steel Completes Mill Upgrade Project

29 April 2005 - Timken Latrobe Steel held an inaugural ceremony this week to launch the upgraded continuous rolling mill at its Latrobe, Pa., plant.

Cliffs Reports Record 1st Quarter Earnings

28 April 2005 - Cleveland-Cliffs Inc. reported net income of $25.2 million for the first quarter of 2005.

Severstal North America Continues to Bolster Steelmaking Performance

28 April 2005 - Fourteen months after its acquisition by OAO Severstal, Severstal North America, Inc. (SNA) reports that it has made considerable progress in restructuring its Dearborn, Mich., steelmaking operations.

Dofasco Posts Very Good First Quarter Results

28 April 2005 - Dofasco Inc. reported consolidated net income of $78.2 million on consolidated sales of $1,073.1 million for the first quarter of 2005. The company credits higher selling prices for its much-improved earnings compared to the first quarter of 2004.

Wheeling-Pittsburgh Steel Files Lawsuit Over Coal Supply

28 April 2005 - Wheeling-Pittsburgh Steel Corp. filed a lawsuit against Central West Virginia Energy Co. (CWVEC), a subsidiary of Massey Energy Co., alleging substantial monetary damages.

Court Grants Stelco Extension of Stay

27 April 2005 - Stelco Inc. applied for and was granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring until July 8, 2005. The stay period was previously scheduled to expire on April 29, 2005.

AK Steel Completes Blast Furnace Emission Control Project

27 April 2005 - AK Steel has completed installation of a new emission control system on its Middletown blast furnace.

Goodish Named USS Chief Operating Officer

27 April 2005 - United States Steel Corp. announced that John H. Goodish has been elected Executive Vice President and Chief Operating Officer.

Ipsco Reports Strong 1st Quarter Earnings

27 April 2005 - Ipsco Inc. announced net income of $154 million on sales of $746 million for the first quarter of 2005.

AK Steel Reports 1st Quarter Net Income

27 April 2005 - AK Steel today reported net income of $59.2 million on net sales of $1,422.5 million for the first quarter of 2005.

United States Steel Reports Strong 1st Quarter Results

27 April 2005 - United States Steel Corp. reported net income of $455 million on net sales of $3.76 billion for the first quarter of 2005.

Carpenter Technology Reports 3rd Quarter Results

26 April 2005 - Carpenter Technology Corp. today reported record net income of $35.3 million on record net sales of $342.1 million for the third fiscal quarter ended March 31, 2005. The company says results reflect favorable market conditions and a continued focus on costs through lean and variation reduction.

Universal Stainless Reports Record 1st Quarter Sales

26 April 2005 - Universal Stainless & Alloy Products, Inc. reported net income of $2.9 million on record sales of $43.0 million for the first quarter of 2005.

Timken Earns General Motors 2004 Supplier of the Year

26 April 2005 - The Timken Corp. has been named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services.

Wheeling-Pittsburgh Reaches Settlement Agreement with OSHA

26 April 2005 - The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has entered into a settlement agreement with Wheeling-Pittsburgh Steel Corp., Follansbee, W.Va.

Metals USA Reports Record 1st Quarter Revenues

26 April 2005 - Metals USA, Inc. announced net income of $17.3 million on net sales of $427.6 million for its first quarter ended March 31, 2005.

Stelco Court Monitor Files 26th Report

26 April 2005 - Stelco Inc.’s court-appointed Monitor has filed its twenty-sixth Report regarding the company's Court-supervised restructuring. The Report provides an update on Stelco’s operations and finances, including a first-quarter production and shipping summary by business operation, a review of market and pricing conditions, cash flow results for the period January 29, 2005 to April 15 of this year, and cash flow forecasts for the period April 16, 2005 to July 8, 2005. Additional portions of the Report review previously announced developments.

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