North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Algoma Steel Announces Record Earnings, Withdrawal from Stelco Process
10 February 2005 - Algoma Steel Inc. reported record net income of $122.2 million on sales of $489.8 million for the fourth quarter and net income of $343.8 million on sales of $1,803.1 million for the full year ended December 31, 2004.
ISG Burns Harbor Employees Support United Way
09 February 2005 - International Steel Group (ISG) Burns Harbor LLC employees recently capped off their United Way employee campaign by presenting a check in the amount of $617,936 to representatives from United Way of Porter County. The amount raised during the two-week campaign was a 12.1% increase over the total collected during the 2003-2004 drive.
Steelworkers Push for Work to Start on Sydney Tar Ponds Cleanup
09 February 2005 - United Steelworkers' Atlantic/Ontario Director Wayne Fraser is urging Canada’s Minister of the Environment Stéphane Dion and the provincial government to move ahead with the clean-up of the Sydney Tar Ponds and Coke Ovens.
NS Group Reports Record Annual Results
09 February 2005 - NS Group, Inc. announced net income of $24.3 million on net sales of $151.2 million for the fourth quarter and record net income of $74.6 million on net sales of $467.3 million for the year ended December 31, 2004.
Steelworkers Renew Strike Mandate at AltaSteel
08 February 2005 - Members of the United Steelworkers' Local 5220 at Stelco Inc.'s Edmonton subsidiary, AltaSteel, have voted 92% in favor of renewing its strike mandate. The mandate was initially granted to the local's bargaining committee last September during ongoing contract negotiations.
Stelco Court Monitor Files 18th Report
08 February 2005 - Stelco Inc.’s court-appointed Monitor has filed its Eighteenth Report regarding the company's Court-supervised restructuring. The Report outlines production and shipping data for Stelco’s segments as well as information on cash flow and forecasts; pension plan and OPEB information. The Report also includes an update on Stelco’s capital raising process, including the sale of Plateco, and an update on the claims procedure. In addition, the Report notes Stelco’s intention to request an extension of the stay period.
Dofasco Posts Record Earnings in 2004
07 February 2005 - Dofasco Inc. reported net income of $96.8 million on consolidated sales of $1.11 billion for the fourth quarter and net income of $376.9 million on consolidated sales of $4.22 billion for 2004. Dofasco attributes its record earnings to excellent operating performance and robust North American flat rolled steel demand.
Specialty Steel Imports Continue to Increase Through October 2004
06 February 2005 - The Specialty Steel Industry of North America (SSINA) released import, U.S. consumption, and import penetration data covering January through October 2004. The data illustrate a 30% increase in total stainless steel imports through October, while total specialty steel imports are 24% above 2003 totals. As detailed below, each product group contributing to these totals experienced increasing imports over the first ten months of 2004.
Steelworkers to Vote on Strike Mandate at AltaSteel
03 February 2005 - Members of the United Steelworkers' Local 5220 at Stelco Inc.'s Edmonton subsidiary, AltaSteel, will vote Thursday, Feb. 3, to renew its strike mandate. The mandate was first granted to the local's bargaining committee last September during ongoing contract negotiations.
Steel Dynamics Reports Record Results for 2004
03 February 2005 - Steel Dynamics, Inc. announced net income of $82 million on net sales of $600 million for the fourth quarter, and net income of $295 million on net sales of $2.1 billion for the year 2004.
Timken Reports Increased Earnings on Record Sales
02 February 2005 - The Timken Co. reported net income of $135.7 million on record sales of $4.5 billion for 2004.
Allegheny Ludlum to Pay Penalty for Clean Water Act Violations
02 February 2005 - In papers filed in federal district court in Pittsburgh, Allegheny Ludlum Corp. has agreed to pay a $2,375,000 penalty as a part of a settlement over alleged Clean Water Act violations at the company’s Pittsburgh-area steel mills and finishing plants.
Gerdau Ameristeel Announces 2004 Results
02 February 2005 - Gerdau Ameristeel Corp. reported net income of $66.4 million on net sales of $849 million for the fourth quarter, and net income of $337.7 million on net sales of $3.0 billion for the full year ended December 31, 2004.
Oregon Steel Mills Revises 4th Quarter Earnings Estimate
01 February 2005 - Oregon Steel Mills, Inc. is increasing its fourth quarter 2004 earnings estimate. The company now estimates fourth quarter net income from continuing operations of $1.25 to $1.35 per diluted share based on approximately 35.1 million diluted weighted average shares outstanding during the fourth quarter of 2004.
Allegheny Technologies Reports 4th Quarter Results
01 February 2005 - Allegheny Technologies Inc. reported net income of $35.0 million on sales of $778.1 million for the fourth quarter ended December 31, 2004.
USS Makes Historic Conservation Donation
01 February 2005 - United States Steel Corp. and the Black Warrior-Cahaba Rivers Land Trust have reached an historic agreement that would create Red Mountain Park, one of the largest urban parks in the United States.
Ilva Selects Parsytec Pickling Inspection Solution
01 February 2005 - Parsytec AG recently received an order from Ilva for a surface inspection solution for the company’s coupled pickling-tandem line in Novi Ligure, Italy.
Danieli Commissions Billet Conditioning Line for Acominas
01 February 2005 - Danieli recently commissioned a new billet inspection and conditioning line at Açominas’ Ouro Branco works (MG), Brazil.
Danieli to Upgrade Acerias Paz del Rio Steelworks
01 February 2005 - Acerias Paz del Rio, Colombia, recently signed an agreement with Danieli to modernize the company’s meltshop and rolling mill located in Belencito, with the aim of increasing plant capacity and efficiency.
Posco Accelerates 6 Sigma Efforts
01 February 2005 - Posco is working toward automating its innovation activities by quickly but smoothly pursuing 6 Sigma. In support of its efforts, Posco recently invited CEO Phong Vu of SSMI, a 6 Sigma specialist in the U.S., for a consultation, and began a series of meetings with him regarding the overall activities of 6 Sigma on Jan. 24.
