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North America

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

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OSHA Cites Kaverit Steel and Crane Following Crane Collapse

01 November 2004 - The U.S. Labor Department's Occupational Safety and Health Administration (OSHA) has issued a serious citation to Kaverit Steel and Crane, based in Edmonton, Canada, following the death of one of its employees at the Port of Morrow in Boardman, Ore. The citation carries a proposed penalty of $7,000.

Ipsco Reports Continued Strong Earnings in Third Quarter

01 November 2004 - Ipsco Inc. announced net income of $144.5 million on sales of $641.9 million for the third quarter, and net income of $242.2 million on sales of $1,673.0 million for the nine months ended Sep. 30, 2004.

Corus Koblenz Expands Hicon Heat Treatment Capacity

01 November 2004 - As part of an extensive investment program for 2004, the Corus Group has placed an order with Austrian heat treatment specialist Ebner Industrieofenbau for the supply, installation and commissioning of a HICON® batch-type furnace facility. The furnace will be used to homogenize aluminum ingots at the company’s Koblenz Works.

Morgan to Upgrade Spanish Bar Mill

01 November 2004 - Morgan Construction Co. has signed a contract with Aceralia Redondos Zumarraga, of Zumarraga, Spain, for an upgrade to the company's twin-strand rod mill.

MultiServ Logs Two Multi-Year Contracts

01 November 2004 - Worldwide industrial services and products company Harsco Corp. announced that its MultiServ mill services division has been awarded multi-year contracts totaling more than $15 million in projected new revenues over their duration for on-site mill services at two specialty steel plants in the U.S. and UK.

Morgan to Upgrade to Brazilian Rod Mill

01 November 2004 - Morgan Construction Co. has received a contract from Belgo Mineira for a speed-up of its two-strand TL0l steel mill in João Monlevade, Brazil.

Posco Celebrates Growing Success with Six Sigma

01 November 2004 - Posco recently held its third Six Sigma Festival, with all executives and employees sharing results of various Six Sigma activities. About 500 people participated in the festival, which was broadcast live over the Internet from Posco website.

EPA Cites CSN for Clean Air Violations

01 November 2004 - U.S. Environmental Protection Agency Region 5 recently cited Companhia Siderurgica Nacional LLC for alleged clean-air violations at the company's Terre Haute, Ind., facility.

Stelco and Local 8782 Welcome Agreement with DaimlerChrysler

31 October 2004 - Stelco Inc. and United Steelworkers of America (USWA) Local 8782 jointly announced that they have reached agreement with DaimlerChrysler to extend the deadline for providing assurances regarding security of steel supply. The deadline, originally set for October 31, 2004, has now been moved to November 18, 2004.

Gerdau Ameristeel to Purchase Gate City Steel and RJ Rebar

29 October 2004 - Gerdau Ameristeel has entered into an agreement to purchase substantially all the assets of Gate City Steel, Inc. and RJ Rebar, Inc., headquartered in Indianapolis, Ind.

Gibraltar Steel Changes Name to Gibraltar Industries

28 October 2004 - Gibraltar’s stockholders have approved a proposal to change the name of the corporation to Gibraltar Industries, Inc. from Gibraltar Steel Corp., effective immediately. Gibraltar will retain its existing Nasdaq stock symbol, ROCK.

Cleveland-Cliffs Reports Record Net Income for 3rd Quarter

28 October 2004 - Cleveland-Cliffs Inc reported third-quarter 2004 net income of $87.5 million on total revenues and other income of $409.7 million.

Gibraltar Reports 3rd Quarter Results

28 October 2004 - Gibraltar reported net income of $16.2 million on sales of $279 million for the third quarter, and net income of $41.0 million on sales of $748 million in the first nine months of 2004.

Import Gains Outpace Steel Consumption Increases

28 October 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported September imports of steel into the United States were the highest import levels in four years — 3,467,000 net tons, including 2,714,000 net tons of finished steel.

Ryerson Tull to Acquire Integris Metals

28 October 2004 - Ryerson Tull, Inc. has signed a definitive agreement to purchase Integris Metals, Inc., a joint venture between Alcoa Inc. and BHP Billiton.

Algoma Reports Record Earnings and Increased Liquidity

28 October 2004 - Algoma Steel Inc. reported net income of $121.6 million on revenues of $535.7 million for the third quarter ended September 30, 2004.

NS Group Reports Record Consecutive Quarterly Results

27 October 2004 - NS Group, Inc. announced record net income of $24.7 million on record net sales of $122.1 million for the quarter ended September 30, 2004.

Steel Technologies Completes Private Placement

27 October 2004 - Steel Technologies Inc. has successfully issued $50 million of unsecured Senior Notes through a private placement arranged by SunTrust Robinson Humphrey.

Carpenter Technology Reports 1st Quarter Results

27 October 2004 - Carpenter Technology Corp. reported record net income of $19.8 million on record net sales of $297.6 million for the first fiscal quarter ended September 30, 2004. Carpenter attributes the results to strong broad based demand and continued improvement in its operating performance.

Steel Dynamics Breaks Ground on New Joist & Deck Plant

27 October 2004 - Steel Dynamics, Inc.’s New Millennium Building Systems, LLC, subsidiary conducted a ground-breaking ceremony for its new $30-million steel fabrication facility in Lake City, Fla., on October 22.

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