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North America

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

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Steel Technologies Reports Record 3rd Quarter Results

20 July 2004 - Steel Technologies Inc. reported record net income of $10.5 million on record sales of $232.0 million for the third quarter, and record net income of $19.8 million on record sales of $547.7 million for the nine months ended June 30, 2004.

Metals USA Reports Record Second Quarter Results

20 July 2004 - Metals USA, Inc. announced net income of $33.7 million on net sales of $383.6 million and net income of $52.2 million on net sales of $702.8 million for the three and six months, respectively, ended June 30, 2004.

Mesabi Trust Declares Distribution

20 July 2004 - Trustees of Mesabi Trust declared a distribution of $0.175 per Unit of Beneficial Interest payable on August 20, 2004 to Mesabi Trust unitholders of record at the close of business on July 30, 2004. This compares to $0.07 per Unit for the same period last year.

Canadian Trade Tribunal to Commence Interim Review of Hot Rolled Carbon Steel Plate

20 July 2004 - The Canadian International Trade Tribunal has initiated an interim review of its finding on dumped hot-rolled carbon steel plate from Brazil, Finland, India, Indonesia, Thailand and Ukraine, and subsidized hot-rolled carbon steel plate originating in or exported from India, Indonesia and Thailand.

Letter of Intent Signed for Acquisition of Kentucky Electric Assets

20 July 2004 - YouthStream Media Networks, Inc. has entered into a preliminary letter of intent with KES Holdings, LLC to acquire KES Acquisition Co., LLC, a 100%-owned subsidiary of KES Holdings. YouthStream currently owns a 1.00% membership interest in KES Holdings.

Steelworkers Set up Picket Lines at Iron Ore Company of Canada

20 July 2004 -  

Cleveland-Cliffs and USWA Renew Negotiations

20 July 2004 - Cleveland-Cliffs Inc. is returning to the bargaining table with the United Steelworkers of America (USWA). The parties will work toward the goal of achieving a labor agreement by July 31 that will ensure the long-term competitiveness of the company while giving employees significant wage increases.

WCI Steel Completes Blast Furnace Reline

20 July 2004 - WCI Steel, Inc. announced that iron production at its blast furnace has resumed after the successful completion of a $15.3 million reline.

Ispat Inland and Union Recess Talks

19 July 2004 - Ispat Inland Inc. and the United Steelworkers of America suspended talks on Thursday, July 15, after five weeks' intensive discussions toward a new collective bargaining agreement.

Parsytec to Provide Surface Inspection for I/N Tek Pickling-Tandem Line

16 July 2004 - Parsytec AG has received an order from I/N Tek for implementation of a surface inspection solution at the company’s continuous pickling-tandem line.

Reliance Reports Best-Ever 2nd Quarter

16 July 2004 - Reliance Steel & Aluminum Co. reported record net income of $52.8 million on record sales of $760.8 million for the quarter and record net income of $82.6 million on record sales of $1.42 billion for the six months ended June 30, 2004. Results represent best-ever financial results for three and six-months periods.

USWA Ratifies Labor Contract with WCI Steel

16 July 2004 - United Steelworkers of America Local 1375 members have ratified a new labor agreement with WCI Steel, Inc.

OSHA Committee Reaches Consensus on Cranes and Derricks Standard Revisions

15 July 2004 - The Occupational Safety and Health Administration announced that its Crane and Derrick Negotiated Rulemaking Committee (CDAC) has reached consensus on language for a revised crane and derrick standard for construction. The draft will be submitted to the Assistant Secretary of Labor for Occupational Safety and Health and will continue through the rulemaking process.

Timken Business Recommended for ISO-TS 16949:2002 Certification

15 July 2004 - The Timken Co.'s automotive group has been recommended for certification to ISO/TS 16949:2002. The company's 3rd party registrars made the recommendation after concluding its audits in June of 2004.

Steel Dynamics Announces Initiation of Cash Dividend

15 July 2004 - Steel Dynamics, Inc.’s Board of Directors has declared the company's first quarterly cash dividend.

Oregon Steel to Build New Pipe Mill

15 July 2004 - Oregon Steel Mills, Inc.’s Board of Directors has approved the construction of a spiral weld double submerged arc weld (DSAW) pipe making facility at or near its Portland, Ore., mill.

2004 Steel Shipments Continue to Increase Over 2003 Totals

15 July 2004 - U.S. steel mills shipped 9,194,000 net tons in May 2004, according to the latest data released by the American Iron and Steel Institute (AISI). The May shipments represent a 7.3% increase from the 8,567,000 net tons shipped in May 2003, and an 0.6% increase from the 9,142,000 net tons shipped in the previous month, April 2004.

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