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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.

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Steel Dynamics Breaks Ground on New Joist & Deck Plant

27 October 2004 - Steel Dynamics, Inc.’s New Millennium Building Systems, LLC, subsidiary conducted a ground-breaking ceremony for its new $30-million steel fabrication facility in Lake City, Fla., on October 22.

AK Steel Reaches Contract Agreement with Ashland Coke Workers

27 October 2004 - AK Steel Corp. announced that it has reached a progressive, four-year labor agreement at the company’s Ashland, Ky., coke plant.

Steel Dynamics Adopts New Stock Repurchase Program

27 October 2004 - Steel Dynamics, Inc.’s Board of Directors has authorized the company to buy back up to 5,000,000 shares of its common stock, or approximately 10% of the current shares outstanding.

AK Steel Reports 3rd Quarter Net Income

27 October 2004 - AK Steel reported net income of $83.1 million on record net sales of $1,337.3 million for the third quarter of 2004, and net income of $341.2 million on net sales of $3,783.5 million for the first nine months of 2004.

U. S. Steel Reports Record 3rd Quarter Results

27 October 2004 - United States Steel Corp. reported record net income of $354 million on total revenues of $3729 million for the third quarter, and net income of $623 million on total revenues of $10,176 million for the first nine months of 2004.

Dofasco Wins Approval for Repurchase Plan

26 October 2004 - The Toronto Stock Exchange has approved Dofasco Inc.’s application to make a Normal Course Issuer Bid for the repurchase of its common shares.

Dofasco Posts Record Third Quarter Results

26 October 2004 - Dofasco Inc. reported record consolidated net income of $115.0 million on record consolidated sales of $1,089 million for the third quarter of 2004. Dofasco attributes the results to higher pricing, strong operating performance and robust demand in the quarter.

ISG Reports Strong Third Quarter Results

26 October 2004 - International Steel Group Inc. reported third quarter 2004 net income of $256.4 million on net sales of $2.6 billion, and net income of $421.4 million on net sales of $6.5 billion for the nine months ended September 30, 2004.

Universal Stainless Exceeds Forecast for 3rd Quarter Earnings Per Share

22 October 2004 - Universal Stainless & Alloy Products, Inc. reported net income of $2.7 million on sales of $33.3 million for the third quarter of 2004.

Allegheny Technologies Announces 3rd Quarter Results

22 October 2004 - Allegheny Technologies Inc. reported net income of $8.6 million on sales of $730.6 million for the third quarter ended September 30, 2004.

Ryerson Tull Reports 3rd Quarter Results

22 October 2004 - Ryerson Tull, Inc. reported a net profit of $17.4 million on net sales of $898.7 million for the third quarter of 2004.

Nucor Reports Record 3rd Quarter Results

22 October 2004 - Nucor Corp. announced record consolidated net earnings of $415.4 million on record consolidated net sales of $3,239.6 million for the third quarter, and consolidated net earnings of $780.1 million on consolidated net sales of $8,287.8 million for the first nine months of 2004. Earnings for the third quarter exceeded the previous record annual earnings. Net earnings per share and average shares outstanding for all periods reflect a two-for-one stock split effective in October 2004.

Timken Latrobe to Increase Tool Steel Prices

21 October 2004 - Timken Latrobe Steel will increase prices by 6 to 8% on rounds, plate and flats tool steel and alloy products. The price change is effective with shipments beginning on November 1, 2004.

Gerdau Ameristeel Closes Offering of 70,000,000 Common Shares

21 October 2004 - Gerdau Ameristeel Corp. announced completion of its offering of 70 million common shares.

Dofasco Steel for Construction Certified with EcoLogo

21 October 2004 - Dofasco steel for construction products has been certified to Environment Canada's Environmental Choice(M) Program. Dofasco’s steel will carry the EcoLogo(M) symbol, which provides customers assurance they have made an environmentally responsible decision when using Dofasco steel for their steel building products.

Stelco Reaches Agreement with GM, Receives Court Approval of Capital Raising Process

21 October 2004 - Stelco Inc. received Court approval of a process designed to raise capital and to pursue the sale of non-core assets. The company also announced that it has reached an agreement with General Motors (GM) regarding the sourcing of supply in 2005.

Ipsco Announces Location and Supplier for Plate Processing Facility

21 October 2004 - Ipsco Inc. will build its new continuous plate heat treating operation in Mobile, Ala.

Roanoke Electric Steel Raises Dividend Rate

20 October 2004 - Roanoke Electric Steel Corp.’s Board of Directors declared the 184th consecutive quarterly common stock cash dividend in the amount of 11 cents per share.

AK Steel Announces November Surcharges

20 October 2004 - AK Steel has advised its flat-rolled carbon steel customers that a $149 per ton surcharge will be added to invoices for products shipped in November, a decrease of $8 from October's surcharge of $157 per ton. The company also advised its electrical steel customers that a $250 per ton surcharge will be added to invoices for electrical steel products shipped in November, down $45 from the October surcharge of $295 per ton for those products.

Auto/Steel Partnership Announces Executive Director

20 October 2004 - The Auto/Steel Partnership (A/SP) Joint Policy Board announced the appointment of Dr. Roger A. Heimbuch as executive director of the Partnership.

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