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North America

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

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Year-to-Date Steel Import Totals Continue to Rise

01 April 2005 - The United States imported a total of 2,361,000 net tons of steel in February according to the American Iron and Steel Institute (AISI). The AISI report, which is based on preliminary Census Bureau data, shows the import totals include 1,727,000 net tons of finished steel.

ATI Adjusts Electrical Steel Raw Materials Surcharge

31 March 2005 - ATI Allegheny Ludlum will add a surcharge of $300 per ton ($15.00/cwt.) to silicon electrical steel invoices. The new surcharge will take affect with shipments beginning Friday, April 1, 2005.

Novamerican Reports 29th Consecutive Profitable Quarter

31 March 2005 - Novamerican Steel Inc. announced net income of $10.1 million* on sales of $206.3 million for the first quarter ended February 26, 2005. This was the 29th consecutive profitable quarter for the company.

Stelco Authorized to Access Capital Markets

31 March 2005 - Stelco Inc. has received Court authorization to access the capital markets in pursuit of new capital in the form of equity or a combination of debt and equity.

Northwest Pipe Awarded $23 Million Welded Steel Pipe Order

30 March 2005 - Northwest Pipe Co. has been awarded a contract to manufacture and furnish approximately $23 million of welded steel pipe to East Cherry Creek Valley Water & Sanitation District (ECCV) in Aurora, Colo.

Cleveland-Cliffs Announces New $350 Million Credit Facility

30 March 2005 - Cleveland-Cliffs Inc has entered into a $350 million unsecured credit agreement with a syndicate of 13 financial institutions, jointly led by Fifth Third Bank and Bank of America Corp.

AK Steel Earns Coke Plant Safety Award

30 March 2005 - Employees of AK Steel’s Middletown Works coke plant have earned the Max Eward Safety Award for the fifth consecutive year. The award, presented by the American Coke and Coal Chemicals Institute (ACCCI), recognizes the member coke plant having the best U.S. safety record during 2004.

Clear Thinking Group to Serve as Liquidation Trustee for Slater Steel

30 March 2005 - Clear Thinking Group, LLC, and Joseph E. Myers, a partner and managing director, have been appointed liquidation trustee for Slater Steel, Inc. The appointment became effective with confirmation of the company's Chapter 11 Plan of Reorganization by the U.S. Bankruptcy Court, District of Delaware.

FeMET Initiative Seeks Proposals for Design Grant Program

30 March 2005 - As part of its recently formed “Ferrous Metallurgy Education Today,” or FeMET Initiative, the American Iron and Steel Institute (AISI) and the Association for Iron and Steel Technology (AIST) Foundation are calling for proposals from North American universities for innovative designs and solutions to an industry-related design theme.

Wheeling-Pittsburgh Names New President and COO

30 March 2005 - Wheeling-Pittsburgh Steel Corp. announced that Harry L. Page, 58, will assume the new position of President and Chief Operating Officer, effective April 1, 2005. James G. Bradley will continue as Chairman of the Board and CEO.

U. S. Steel Announces General Manager for Minnesota Ore Operations

29 March 2005 - United States Steel Corp. announced the appointment of Dennis G. Quirk to the position of General Manager of Minnesota Ore Operations, reporting to David H. Lohr, Vice President—Plant Operations.

IISI Reports Crude Steel Production for February 2005

29 March 2005 - Figures released by the International Iron and Steel Institute (IISI) show that world crude steel production for the 61 countries reporting stood at 83.9 million tonnes in February — 3.7% higher than for February 2004.

Growth in Stainless Steel Exceeds Expectations in 2004

28 March 2005 - World stainless steel production reached 24.6 million tonnes for the full year 2004, according to the International Stainless Steel Forum (ISSF).

Northwest Pipe Announces Major Order

25 March 2005 - Northwest Pipe Co. has received a letter of intent to supply approximately $9 million of welded steel pipe for the San Juan Chama Pipeline project for the City of Albuquerque.

TXI Reports 3rd Quarter Results, Still Looking to Spin off Steel Operations

25 March 2005 - Texas Industries, Inc. reported net income of $16.0 million for the quarter ended February 28, 2005.

AK Steel Receives Dual Supplier Awards from Toyota

25 March 2005 - AK Steel has once again earned dual supplier awards from Toyota Motor Manufacturing North America, Inc.

Republic Reports 2004 Financial Results

25 March 2005 - Republic Engineered Products Inc. reported net income of $39.3 million on net sales of $1.19 billion for the year ended December 31, 2004.

Ipsco to Add High-speed Finishing Facilities at Blytheville Pipe

25 March 2005 - March 25, 2005 — Ipsco Inc. is installing a state-of-the-art high speed Oil Country Tubular Goods finishing lines at its Blytheville, Ark., pipe mill.

Stelco Seeks Approval to Sell Interest in Camrose Pipe

25 March 2005 - Stelco Inc. has applied for a Court order approving the sale by Stelcam Holdings Inc., a wholly-owned subsidiary of Stelco, of its partnership interest in Camrose Pipe Co. to Canadian National Steel Corp. (CNSC). CNSC, an indirect subsidiary of Oregon Steel Mills Inc., is the other partner in the Camrose Pipe Partnership.

Northshore Mine Receives Cliffs Mine Safety Award

24 March 2005 - Cleveland-Cliffs Inc. announced that its Northshore Mining Co., Silver Bay, Minn., is once again the recipient of Cliffs' President's Award for Safety. The award is presented annually to the Cliffs mine with the best safety performance, as measured by the frequency rate for Mine Safety and Health Administration (MSHA) reportable injuries.

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