North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Universal Stainless to Increase Base Prices
05 January 2005 - Universal Stainless & Alloy Products, Inc. announced base price increases of 5% on all air melted and 7% on all remelted steels, effective with shipments scheduled for January 17.
Ryerson Tull Completes Acquisition of Integris Metals
05 January 2005 - Ryerson Tull, Inc. has completed its acquisition of Integris Metals, Inc., from its shareholders, Alcoa Inc. and BHP Billiton. Ryerson Tull purchased all of the equity interest in Integris for $410 million plus assumption of approximately $234 million of Integris' debt.
AK Steel Makes Voluntary Pension Trust Fund Contribution
05 January 2005 - AK Steel made a $150 million voluntary contribution to its pension trust fund on January 3, 2005. The voluntary contribution applies toward approximately $300 million of pension funding that otherwise would be required in 2006.
Cleveland-Cliffs Announces Convertibility of Preferred Stock
03 January 2005 - Holders of Cleveland-Cliffs Inc.’s 3.25% redeemable cumulative convertible perpetual preferred stock may surrender stock for conversion at any time during the fiscal quarter ending March 31, 2005, thanks to satisfaction of a condition to the conversion right. The condition was satisfied because the closing share price of Cleveland-Cliffs' common shares exceeded 110% of the then-applicable conversion price of the preferred stock for at least 20 of the last 30 trading days of the fiscal quarter ended December 31, 2004.
Morgan to Upgrade Argentinean Rod Mill
01 January 2005 - Morgan Construction Co. has received two contracts from Acindar Industria Argentina de Aceros SA, Argentina, for the design, manufacturer and installation of new equipment to upgrade Acindar’s twin-strand rod mill.
Posco Employees Support Wide Range of Volunteer Activities
01 January 2005 - Under the slogan, "Sharing love and hope", Posco practices altruism through a variety of community service activities that comprise a part of Posco's Corporate Sustainability Management (CSM).
Magnum Metal Process Inaugurates New Office
01 January 2005 - Value-engineered solutions provider Magnum Integrated Technologies Inc. recently opened a new office in Pune, India, as part of the company’s wholly owned subsidiary Magnum Metal Process Technologies Pvt. Ltd.
Posco Speeds Up Implementation of Innovative Strategies
01 January 2005 - In an effort to create a world-class corporate culture, Posco continues to implement activities that will help spur innovation in daily business activities.
Outokumpu Defines Strategies for Becoming Number One in Stainless
01 January 2005 - Outokumpu previously defined the Group’s future strategic direction as leadership in stainless steel. As part of its new direction, Outokumpu was looking at various options to exit from its fabricated copper products business.
Kobe Steel to Stop Production of Chromate-Treated HDG Steel Sheet
01 January 2005 - Kobe Steel, Ltd. has completed development of hot dip galvanized (CG) steel sheet with no chromate layer, and has now begun commercial production.
Morgan to Upgrade Siderurgica Anon Bar and Rod Mill
01 January 2005 - Morgan Construction Co. has received three contracts from Siderúrgica Añón, SA, Spain, to design, build and install several modifications to its combination bar and rod mill. Two of the contracts are for upgrades to the existing bar mill, while the third is to make the rod outlet independent of the bar mill.
Ispat Iscor Commences Coke Expansion Project
01 January 2005 - Ispat Iscor Ltd. has obtained approval from South African environmental authorities to commence construction of a new coke oven battery at its Newcastle steel plant in northern Kwa-Zulu Natal. This will enable the company to expand its market coke production by some 450,000 tonnes per year.
Steel Dynamics Sets Fourth Quarter Cash Dividend
31 December 2004 - Steel Dynamics, Inc. announced its previously approved fourth quarter dividend of $0.10 per common share will be payable on January 17, 2005, to shareholders of record at the close of business on December 31, 2004.
USWA Welcomes Severstal Partnership with Wheeling-Pitt
31 December 2004 -
Cleveland-Cliffs Amends ISG Pellet Contract
31 December 2004 - Cleveland-Cliffs Inc. has entered into an amendment to its major Pellet Sale and Purchase Agreement with International Steel Group Inc., for pellet deliveries to ISG Cleveland and ISG Indiana Harbor through 2016.
Republic Achieves ISO Environmental Certification at Hamilton Plant
30 December 2004 - Republic Engineered Products, Inc. announced that its plant in Hamilton, Ont., has been certified to the ISO 14001 environmental standard. The Hamilton facility—Republic Canadian Drawn Inc.—became part of Republic in January 2004.
Ryerson Tull Anticipates Closing of Integris Metals Acquisition
29 December 2004 - Ryerson Tull, Inc. announced that it has received early termination of all waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act with respect to its acquisition of Integris Metals, Inc. The company’s waiting period for the acquisition under the Competition Act (Canada) has also expired.
OSHA Honors Pro-Tec Coating for Voluntary Worker Protection
29 December 2004 - Pro-Tec Coating Co., Leipsic, Ohio, has received the highest honor for voluntary worker protection programs from the U.S. Labor Department's Occupational Safety and Health Administration (OSHA).
Wheeling-Pittsburgh and Severstal North America form Coke Joint Venture
29 December 2004 - Wheeling-Pittsburgh Steel Corp. and Severstal North America, Inc. signed a non-binding letter of intent to create a joint venture involving Wheeling-Pittsburgh Steel's Coke Plant, located in Follansbee, W.Va. The venture would ultimately provide for each party to take 50% of the coke produced by the joint venture.
AK Steel Completes Redemption of Senior Notes
27 December 2004 - AK Steel completed the redemption of the remaining $117.4 million principal amount of its 9% Senior Notes Due 2007, and the remaining $33.5 million principal amount of its 8-7/8% Senior Notes Due 2008.
