18 June 2004 - AK Steel has completed a $62 million industrial revenue bond offering issued through the Ohio Air Quality Development Authority (OAQDA).

Whirlpool and Ispat Inland Reach Agreement

18 June 2004 - Whirlpool Corp. and Ispat Inland Inc. have reached a confidential agreement staying the litigation involving the two companies for 45 days while securing Whirlpool's steel supply and allowing the temporary restraining order against Ispat to be dissolved.

ISG to Establish Trust Fund Covering Bethlehem Environmental Liabilities

18 June 2004 - International Steel Group Inc. has reached an agreement with the Commonwealth of Pennsylvania and its Department of Environmental Protection (DEP) to create a $19.9 million trust fund, which will be funded over the next several years to finance continual treatment of polluted mine pool discharges in Cambria, Somerset and Butler counties in Pennsylvania.

Castrip Achieves 100,000 Ton Milestone at Crawfordsville

18 June 2004 - The first commercial installation utilizing the Castrip(r) Process at Nucor’s Crawfordsville, Ind., plant has surpassed the 100,000 ton cumulative production milestone.

VAI to Provide Environmental Technologies for Jinan Convertors

17 June 2004 - Jinan Iron & Steel Co., Ltd. recently awarded VAI an order for the design and supply of two primary waste gas cleaning systems for the new LD converters at Steelmaking Plant No. 3 in Jinan, P.R. China.

SMS Demag and Dillinger Huttenwerke to Cooperate in Automation Technology

17 June 2004 - The AG der Dillinger Hüttenwerke and SMS Demag AG have signed an agreement on long-term cooperation in the field of automation technology for heavy plate rolling.

VAI Pomini to Upgrade Wuhan Bloom Caster with Dynamic Soft Reduction

17 June 2004 - Wuhan Iron & Steel Co. (WISCO), Wugang Group, P.R. China, recently awarded VAI Pomini GmbH an order from for further quality improvements to a 5-strand bloom caster in Steel Meltshop No. 1.

Ipsco Adjusts 2nd Quarter Earnings Outlook

16 June 2004 - Ipsco Inc. announced its second quarter earnings will exceed the $0.75 per share consensus analyst estimate by more than 45%, and expects earnings will meet or exceed $1.10 per diluted share.

Nucor Adjusts 2nd Quarter Earnings Outlook

16 June 2004 - Bouyed by increased margins, strengthening demand and turnarounds at its newest facilities, Nucor Corp. has announced increased earnings expectations for its second quarter ending July 3, 2004.

Timken and Union Begin Discussions over Announced Plant Closures

16 June 2004 - The Timken Co. and United Steelworkers union met earlier this week to begin the effects bargaining process involving the Canton bearing plants. The parties also agreed to explore the possibility of opening formal negotiations for the current labor contract over the next few weeks.

Bricmont to Supply Reheat Furnace for Nucor Kankakee

16 June 2004 - Nucor Steel recently awarded a multimillion dollar contract to Bricmont, Inc. for a new pusher reheat furnace.

Dietrich Metal Framing Explores Joint Venture with Encore Coils

15 June 2004 - Dietrich Metal Framing announced that it is in discussions with Encore Coils about the possibility of forming a Canadian metal framing joint venture.

AK Steel and UAW Reach Agreement at Rockport Works

15 June 2004 - AK Steel Corp. announced that members of the United Autoworkers of America (UAW) have voted to accept a progressive three-year labor agreement covering about 160 hourly employees at the company's Rockport, Ind., Works.

WL Ross Group Wins Preferred Bidder Status for Horizon Natural Resources

14 June 2004 - The WL Ross led group of holders of a majority of Horizon Natural Resources' second lien notes has been designated the preferred bidder for the company’s assets following their recent bid increase to $277,350,000 from $240,000,000.

Stelco Provides Restructuring Update

14 June 2004 - Ernst & Young Inc. has released the Fifth Report of the Monitor on Stelco Inc.'s Court-supervised restructuring under the Companies' Creditors Arrangement Act (CCAA). The report highlights several recent developments, including the lack of progress in stakeholder discussions, and recent court motions by General Motors and Stelco.

CMC Announces Extension of Exchange Offer

11 June 2004 - Commercial Metals Co. announced that its offer to exchange all of its outstanding 5.625% Senior Notes due 2013 for its registered 5.625% Senior Notes due 2013 will expire at 5:00 p.m., Eastern time, on July 7, 2004.

Allegheny Technologies Declares Quarterly Dividend

11 June 2004 - Allegheny Technologies Inc. (ATI) announced that its Board of Directors declared a quarterly dividend of $0.06 per share of common stock. The dividend is payable June 29, 2004, to stockholders of record at the close of business June 21, 2004.

Severstal North America Ramping up Program for IF Steel Products

11 June 2004 - Severstal North America will receive its first lot of hot rolled coils of IF (interstitial free) steel from JSC Severstal as part of the company’s efforts to develop, commercialize and expand its IF steel deliveries to domestic and foreign markets, according to V.V. Rahuba, Project Manager.

Stelco Comments on Legal Action Taken by General Motors

11 June 2004 - Stelco Inc. commented on action taken on Thursday by General Motors Corp. regarding its supply arrangements with Stelco's Lake Erie facility. Stelco has received a letter from General Motors and has been served with Motion materials seeking the Court's permission to terminate General Motors' supply arrangements with Stelco's Lake Erie facility effective July 31, 2004.

Transformer Failure Curtails Production at SMI Texas

10 June 2004 - Structural Metals, Inc. has suffered failure of the primary and principal backup electric arc furnace transformers at its Seguin, Texas, facility (SMI Texas).

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