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North America

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

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Wheeling-Pittsburgh Files Public Offering Registration Statement

02 July 2004 - Wheeling-Pittsburgh Corp. filed with the Securities and Exchange Commission a registration statement on June 30, 2004 for a public offering of its common stock.

Arbitrator Okays Suspension of Minimum Workforce Clause at Middletown

02 July 2004 - An arbitrator has ruled that AK Steel Corp. may continue to suspend a provision in a labor contract with its largest hourly union that calls for a minimum base workforce. The company said the ruling will allow the company to further reduce the hourly workforce at its Middletown plant through attrition and layoffs.

Worthington Industries Founder to Diversify Portfolio

02 July 2004 - Worthington Industries, Inc. announced that Founder and Chairman Emeritus, John H. McConnell, 81, has approved a plan to sell up to 1.5 million common shares of Worthington Industries held by his family's corporation, JDEL, Inc.

SES Supplies Pipe Handling System for USS Lorain Facility

01 July 2004 - SES, LLC recently designed and built an automated pipe handling system with product tracking for United States Steel Corp.’s Lorain, Ohio, facility.

TXI Chaparral Steel Virginia Named All Star

01 July 2004 - TXI Chaparral Steel Virginia received the Community Involvement Award during the All Star Awards ceremony held recently in Richmond, Va.

2004 Steel Imports Over 16% Higher Through May

01 July 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that May imports of steel into the United States were 4% higher than in April, with finished steel imports down 6% compared to April. Year-to-date (YTD) total and finished steel imports are up 16% and 14%, respectively, compared to the same period last year.

Nafta Steel Industry Reacts to OECD High Level Meeting

30 June 2004 - The following statement was released by steel industry trade groups following conclusion of the OECD’s seventh High-Level Meeting on steel. The meeting had been held to review the status of discussions on a proposed agreement to curtail subsidies to the steel sector.

Steel Dynamics Announces New Raw Materials Position

30 June 2004 - Steel Dynamics, Inc. has appointed Richard J. Brady as Manager of Ferrous Resources and Logistics.

Specialty Steel Industry Tips Hat to U.S. Trade Team

30 June 2004 - The domestic specialty steel industry praised the efforts of U.S. government officials to reach consensus on an agreement to reduce or eliminate foreign government subsidies, despite Tuesday's suspension of the Organization for Economic Cooperation and Development (OECD) talks.

Wheeling-Pittsburgh Joins Russell 3000 Index

30 June 2004 - Wheeling-Pittsburgh Corp. joined the Russell 3000 Index when the broad-market index was reconstituted June 25.

Stelco to Relocate Corporate Offices

30 June 2004 - Stelco Inc. announced that it will relocate its corporate offices from 100 King Street West in Hamilton to the company's Hamilton plant. The move is expected to produce annual savings of $4.5 million beginning in 2005.

Gibraltar Increases 2nd Quarter Earnings Expectations

29 June 2004 - Gibraltar is raising its second-quarter earnings estimate. Gibraltar also said that it expects that its second-quarter sales, net income, and earnings per share will all be the highest of any quarter in the company's history.

Allegheny Technologies Adjusts 2nd Quarter Expectations

29 June 2004 - Allegheny Technologies Inc. expects second quarter 2004 results to be favorably impacted by improving market conditions and special items.

Belgo Mineira Produces First Heats at New Danieli Meltshop

29 June 2004 - Belgo Mineira recently produced its first heats at new steelmaking facilities in Piracicaba.

Russula Completes Celsa Section Mill Upgrade

29 June 2004 - Russula North America recently announced successful completion of the drives and control upgrade project at Celsa UK in Cardiff, Wales.

Carpenter Announces New Executive Assignments

28 June 2004 - Carpenter Technology Corp. announced new assignments for its two key operational executive officers.

Steel Technologies Raises Third Quarter Expectations

28 June 2004 - Steel Technologies Inc. expects its results for the third fiscal quarter to reflect continued substantial increases in volume through its operations.

Oregon Steel Announces 2nd Quarter Results

28 June 2004 - Oregon Steel Mills, Inc. reported record net income of $14.0 million on record sales of $281.8 million for the second quarter of 2004.

Steelworkers Ratify Agreement with Samuel Strapping

25 June 2004 - Members of the United Steelworkers' Local 03-18 have ratified a new collective agreement with Samuel Strapping, part of Samuel Manu-Tech Inc., at its Warden Avenue facility in Toronto.

Canadian Trade Tribunal to Commence Interim Review of Stainless Bar Products

25 June 2004 - The Canadian International Trade Tribunal has initiated an interim review of its order concerning stainless steel round bar with diameters ranging from 25 up to 570 mm originating in or exported from the Federal Republic of Germany, France, India, Italy, Japan, Spain, Sweden, Chinese Taipei, the United Kingdom and the Republic of Korea.

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