North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
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.
Timken Latrobe to Modify Specialty Steel Pricing Policy
01 February 2005 - Timken Latrobe Steel is changing its pricing policy to ‘price in effect at time of shipment’ to select market segments, effective with shipments on April 1, 2005. Timken Latrobe will temporarily suspend its 50% cancellation charge during the month of February on any planned orders to customers affected by this policy change.
EMJ Reports 3rd Quarter Results
31 January 2005 - Earle M. Jorgensen Co. (EMJ) reported net income of $4.3 million on revenues of $401.7 million for the third fiscal quarter ended December 31, 2004.
Ryerson Tull Reports Year-End Income
31 January 2005 - Ryerson Tull, Inc. reported net income of $3.8 million on net sales of $904 million for the fourth quarter and net income of $54.5 million on net sales of $3302 million for the year ended December 31, 2004.
Stelco Court Monitor Files 17th Report
31 January 2005 - Stelco Inc.’s court-appointed Monitor has filed its Seventeenth Report regarding the company's Court-supervised restructuring. The Report outlines an extension of Stelco’s credit facilities, progress on the sale of Stelco Plate Co. assets, and simplification of Stelco’s corporate structure.
Nucor Steel Orders New P&H Ladle Crane
28 January 2005 - Nucor Corp. has contracted Morris Material Handling to engineer and build a new CMAA Class F severe duty ladle crane for the company’s Crawfordsville, Ind., facility. The new crane, which Nucor will use to transport ladles of molten steel from the meltshop floor to the continuous caster turret, has become necessary in the face of increasing productivity needs.
Roanoke Electric Announces Sale of Subsidiary Assets
28 January 2005 - Roanoke Electric Steel Corp.’s Resco Steel Products Corp. subsidiary has sold its reinforcing bar assets to Rockingham Steel, Inc., a reinforcing bar fabricator located in Harrisonburg, Va. Terms of the transaction were not announced.
Nucor Reports Record Results for 2004
28 January 2005 - Nucor Corp. announced consolidated net earnings of $341.4 million on net sales of $3.09 billion for the fourth quarter, and consolidated net earnings of $1.12 billion on consolidated net sales of $11.38 billion for the full year 2004. Net earnings per share and average shares outstanding for all periods reflect a two-for-one stock split effective in October 2004.
Grupo Imsa Anticipates Strong 4th Quarter Results
27 January 2005 - Grupo Imsa, SA de CV estimates that its fourth quarter 2004 sales will total 9,596 million pesos, a year-over-year growth of approximately 30%. Grupo Imsa says its EBITDA (operating income plus depreciation and amortization) could reach 1,252 million pesos for the quarter, an 89% increase compared to 2003.
Universal Stainless to Increase Tool Steel Plate Base Price
27 January 2005 - Universal Stainless & Alloy Products, Inc. will increase its base price 4% for all tool steel plate products manufactured at its Bridgeville, Pa., facility.
Northwest Pipe to Supply Pipe for Albuquerque Water Treatment Plant
27 January 2005 - Northwest Pipe Co. has received a letter of intent to supply approximately $9 million of welded steel pipe to PCL Construction of Tempe. The pipe is for a City of Albuquerque water treatment plant.
Timken Names Vice President of Product Innovation
27 January 2005 - The Timken Co. has named Donald J. Remboski Vice President—Product Innovation for the Technology Group at Timken Research in North Canton, Ohio.
Kennametal Reports Record Second Quarter
27 January 2005 - Kennametal Inc. reported net income of $28 million on sales of $556 million for the second quarter, and net income of $51 million on sales of $1088 million for the six months ended Dec. 31, 2004.
AISI Announces New Officers for 2005
27 January 2005 - The American Iron and Steel Institute (AISI) Board of Directors has elected United States Steel Corp. President and CEO John P. Surma Jr. to a one-year term as AISI Chairman.
