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North America

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

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Ipsco Survives Hurricane Ivan

16 September 2004 - Hurricane Ivan passed through Mobile, Ala., early this morning without significantly affecting Ipsco's Alabama steel mill.

Ispat Inland ULC Extends Exchange Offer

15 September 2004 - Ispat Inland Inc. and Ispat Inland ULC announced that Ispat Inland ULC has extended until 5:00 p.m. New York City time on September 15, 2004, unless further extended, the offer to exchange any and all of its unregistered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014 for its registered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014.

Talley Metals Increases Stainless Bar Prices

15 September 2004 - Talley Metals is increasing prices for all grades of stainless steel round bars, hexagons and squares by approximately 10%, effective with new orders and shipments as of October 1st.

Allegheny Ludlum to Raise Electrical Steel Prices

15 September 2004 - Effective with shipments beginning Monday, September 27, 2004, ATI Allegheny Ludlum is increasing prices for all grades of silicon electrical steel products by 10%.

Canadian Tribunal Rescinds Order for Cold-Rolled Steel Sheet

15 September 2004 - The Canadian International Trade Tribunal (CITT) has rescinded its findings regarding cold rolled carbon steel sheet products from Belgium, the Russian Federation, the Slovak Republic and Turkey.

Real Estate Partnership Buys Bethlehem Steel Works

15 September 2004 - New York lawyer Richard Fischbein and partner Michael Perrucci joined with developers Jeff Gural, Barry Gosin and James Kuhn to buy the former Bethlehem Steel Works. The group intends to redevelop the 162-acre site as a mixed-use community.

Oregon Steel Announces Final Settlement of Labor Dispute Agreement

15 September 2004 - Oregon Steel Mills, Inc. has finalized settlement of the labor dispute at its majority-owned CF&I Steel LP, now doing business as Rocky Mountain Steel Mills (RMSM).

Quanex to Expand and Modernize MacSteel Ft. Smith Facility

15 September 2004 - Quanex Corp.’s Board of Directors has approved a $20 million expansion program (Phase VIII) for MacSteel.

Algoma Steel Updates Plans for Blast Furnace Outage

15 September 2004 - Algoma Steel will delay its 35-day maintenance outage for No. 7 Blast Furnace, originally scheduled for mid-2005, until 2006 or later. The decision is based on preliminary results from an ongoing review of the blast furnace’s condition.

AK Steel Announces Price Increase for Type 409 Stainless

14 September 2004 - AK Steel will increase the base price of its Type 409 hot-rolled and cold-rolled stainless steel sheet and strip products by approximately 5%, effective with shipments on and after September 27, 2004.

Republic Congratulates Honda of America on 25th Anniversary

14 September 2004 - Republic Engineered Products Inc. congratulated one of its largest customers, Honda of America Mfg., on its 25th anniversary.

Timken Reaches New Contract Agreement with UAW

14 September 2004 - Timken, Local 1645, and the United Auto Workers (UAW) jointly announced agreement on a new contract.

ISG Increases 3rd Quarter Earnings Outlook

14 September 2004 - International Steel Group Inc. is increasing its earnings outlook for the third quarter of fiscal 2004, principally due to higher prices.

Danieli Restarts Upgraded Pittsboro Bar Mill

13 September 2004 - Danieli Morgårdshammar recently started the hot run of the Steel Dynamics Inc. bar mill in Pittsboro, Ind., following an upgrade of the finishing mill area and finishing facilities.

VAI Ingdesi Automation Implements eVision for Sterling Steel

13 September 2004 - Voest Alpine Ingdesi Automation was recently awarded a contract to implement eVision for the complete Sterling Steel minimill in Sterling, Ill.

ISG Announces Two Communications Appointments

10 September 2004 - International Steel Group Inc. announced two new appointments to the ISG Corporate Communications Department.

Gibraltar Names Vice President of Supply Chain Management

10 September 2004 - Gibraltar has named John E. Wagner Vice President of Supply Chain Management, effective immediately.

Cliffs to Restart Idled Pellet Capacity

10 September 2004 - Cleveland-Cliffs Inc. announced plans to reactivate an idled furnace at its Northshore Mine in Silver Bay, Minn.

Mesabi Nugget Successfully Concludes Pilot Plant Phase

10 September 2004 - Larry Lehtinen, President of Mesabi Nugget, LLC (MNC) announced the successful conclusion of the pilot plant testing phase of the Mesabi Nugget Project. The announcement culminates twelve months of engineering and construction followed by fourteen months of plant operations. The company will now proceed forward with commercialization of the Kobe Steel ITmk3 Process® and the iron nugget technology.

Gerdau Ameristeel to Acquire North Star Steel Assets

10 September 2004 - Gerdau Ameristeel Corp. announced that its U.S. operating subsidiary, Gerdau Ameristeel US Inc., has entered into definitive agreements with Cargill, Inc. to purchase the fixed assets and working capital of North Star Steel for $266 million in cash. The purchase price is subject to adjustment for working capital fluctuations prior to the closing date.

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