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North America

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

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Judge Dismisses GM Lawsuit against Steel Dynamics

06 August 2004 - Steel Dynamics, Inc. announced that on August 4, 2004, a Michigan circuit court judge dismissed General Motors Corp.'s lawsuit against SDI over an alleged multi-year steel purchase agreement.

ISG to Convert Idled Cleveland Continuous Anneal Line

06 August 2004 - International Steel Group Inc. has unveiled a plan to expand operations at its Cleveland Works.

Timken Latrobe to Increase Specialty Steel Prices

05 August 2004 - Timken Latrobe Steel has increased base prices by 3 to 10% on all remelted aerospace alloy steel grades. The price change is effective with all new orders received.

Canadian Tribunal Finds Injury from Stainless Steel Wire

05 August 2004 - The Canadian International Trade Tribunal (CITT) has determined that injury has been caused to the Canadian steel industry by the dumping of cold drawn and annealed stainless steel round wire from the Republic of Korea, Switzerland and the United States of America, and the subsidizing of this product from India.

Stelco Reports 2nd Quarter Results

05 August 2004 - Stelco Inc. reported net earnings of $42 million on sales revenues of $884 million in the second quarter, and net income of $6 million on sales revenue of $1,658 million for the six months ended June 30, 2004.

Nucor Closes Deal on Worthington Cold Mill

04 August 2004 - Nucor Corp. announced that it has closed on the purchase of Worthington Industries’ cold rolling mill in Decatur, Ala., for a cash purchase price of approximately $80 million.

Concast Commissions Nucor-Jewett Meltshop

04 August 2004 - Concast recently started up a new, single-unit meltshop at Nucor’s facility in Jewett, Texas. The new one million ton/year (900,000 tonne) plant consists of a 100-ton (82-tonne) electric arc furnace, twin-station ladle furnace and a four (five)-strand Convex Technology® continuous caster.

Charter Steel Starts up Hi Jet Technology System

04 August 2004 - Charter Steel recently started up Moré Srl’s Hi Jet chemical energy technology in their 100 ton DC EAF.

Gerdau Ameristeel Announces 2nd Quarter Results

04 August 2004 - Gerdau Ameristeel Corp. reported net income of $105.5 million on net sales of $733.8 million for the quarter, and net income of $127.0 million on net sales of $1,352.7 million for the six months ended June 30, 2004.

Algoma Reports Continued Improvement in 2nd Quarter

04 August 2004 - Algoma Steel Inc. reported net income of $78.0 million on revenues of $439.8 million for the quarter, and net income of $100.1 million on revenues of $777.6 million for the six months ended June 30, 2004.

ISG Restarts Production at Georgetown

04 August 2004 - International Steel Group Inc.’s ISG Georgetown Inc. subsidiary has begun producing wire rod at its facility in Georgetown, S.C.

Ryerson Tull Completes Acquisition of J&F Steel

03 August 2004 - Ryerson Tull, Inc. announced completion of its acquisition of J&F Steel.

Worthington Closes Sale of Decatur Cold Mill to Nucor

03 August 2004 - Worthington Industries, Inc. has completed the previously announced sale of its Decatur, Ala., cold rolling assets to Nucor Corp., effective August 1, 2004.

Gallatin Steel Celebrates Excellent Safety Record

03 August 2004 - Gallatin Steel is proud to recognize the outstanding safety record achieved by company associates during the first half of 2004.

Bushwick Metals Faces OSHA Fines for Safety Hazards

02 August 2004 - Bushwick Metals Inc. has been cited by the U.S. Labor Department's Occupational Safety and Health Administration (OSHA) for allegedly exposing employees to multiple workplace hazards.

Heidtman Steel and The Material Works to Build Coil-to-Coil SCS Strip Cleaner

01 August 2004 - Heidtman Steel Products, Inc. recently announced a joint venture with The Material Works, Ltd. (TMW) to build the first coil-to-coil configured (SCS) Strip Cleaner.

Kelk to Supply Strip Width Gage for Ilva Laminati Piani

01 August 2004 - George Kelk Corp., Toronto, Canada, has received an order from Ilva Laminati Piani SpA, Italy, to supply an Accuband strip width gage on their hot strip mill. Kelk’s gage will replace equipment previously supplied by another manufacturer.

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