22 November 2005 - Timken Latrobe Steel announced it would increase prices by 3 to 8% on all remelted aerospace alloys. The price change will be effective immediately on all new inquiries and for all new orders received beginning Dec. 1, 2005.

Paulson Asserts Right of Shareholders to Consider Algoma Business

22 November 2005 - Paulson & Co. Inc., which holds (directly and indirectly) 19.0% of the outstanding shares of Algoma Steel, asserted the right of Algoma shareholders to requisition a special meeting, elect directors and consider company business as provided by Ontario law.

Stelco Creditor Meetings Adjourned Again

22 November 2005 - Stelco Inc. announced that the meeting of its creditors has been further adjourned until Wednesday, November 23, 2005. Meetings of creditors of Stelco’s subsidiaries will also be adjourned to the same date.

AK Steel Announces December Surcharges

18 November 2005 - AK Steel will add a $228 per ton surcharge to invoices for flat-rolled carbon steel products shipped in December 2005. The company will also add a $330 per ton surcharge to invoices for electrical steel products shipped in the same period.

California Steel Avoids Penalty with Disclosure to EPA

18 November 2005 - California Steel Industries, Inc. was one of thirteen companies recently recognized by the U.S. EPA's Pacific Southwest Office for voluntarily disclosing and quickly correcting their federal Emergency Planning and Community-Right-to-Know Act violations.

WCI Steel Noteholders and USW Reach Agreement

18 November 2005 - WCI Steel could emerge from chapter 11 bankruptcy proceedings based on the tentative agreement reached between representatives of the secured noteholders of WCI Steel and the United Steelworkers. The tentative agreement addresses a proposed collective bargaining agreement and modifications to the plan of reorganization.

Stelco Court Monitor Files 39th Report

17 November 2005 - Stelco Inc.’s Court-appointed Monitor has filed its thirty-ninth report regarding the company's Court-supervised restructuring.

Tentative Deal Reached in Ipsco Labor Negotiations

16 November 2005 - Ipsco Inc. and United Steelworkers Locals 5890 and 6673 have reached a tentative agreement for early renewal of their collective agreements.

Bayou Steel to Upsize Line of Credit

15 November 2005 - Bayou Steel Corp. is amending and restating its line of credit from $45 million to $75 million. The newly amended line will also provide lower borrowing rates, higher advance rates, and a nearly four year extension of the current arrangement.

Commercial Metals Acquires Norfolk Rebar Fabricator

15 November 2005 - Commercial Metals Co. announced the acquisition of substantially all operating assets of Norfolk, Va., reinforcing steel fabricator Hall-Hodges Company.

Stelco Unions Target Restructuring as One Company

15 November 2005 - Stelco local unions recently endorsed a set of seven principles that they will use to evaluate any plan to restructure Stelco. At their meeting, the unions agreed that Stelco must be restructured as one company, not sold off in parts.

Worthington Industries Forms Dietrich Construction Group

11 November 2005 - Worthington Industries announced the formation of Dietrich Construction Group to advance the use of light gauge steel framing in the construction marketplace.

Mittal Steel Proposes to Refund Outstanding Revenue Bonds

11 November 2005 - Mittal Steel Co. NV has proposed the refunding of some or all of the following outstanding revenue bonds:

Domestic Wire Rod Producers File Unfair Trade Cases Filed

11 November 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.

Stelco Reports 3rd Quarter Loss

11 November 2005 - Stelco Inc. reported a net loss of $42 million on net sales revenue of $725 million for the quarter and net earnings of $47 million on sales revenue of $2.462 billion for the nine months ended September 30, 2005.

Danieli to Upgrade Republic EAF

10 November 2005 - Danieli is conducting a major upgrade of Republic Engineered Products’ 200-ton EAF at the company’s Canton, Ohio, facility.

Siemens to Supply Ladle Met Facility to Sheffield Steel

09 November 2005 - Sheffield Steel Corp. has awarded the Siemens Group Industrial Solutions and Services (I&S) a contract for a new 85-ton ladle furnace.

Wheeling-Pittsburgh Reports 3rd Quarter Results

09 November 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported a net loss of $21.1 million on revenues of $374.9 million for the quarter ended September 30, 2005.

Gerdau Ameristeel Reports 3rd Quarter Results

08 November 2005 - Gerdau Ameristeel Corp. reported net income of $62.2 million on net sales of $999.3 million for the quarter and net income of $215.1 million on net sales of $3.0 billion, for the nine months ended September 30, 2005.

Benefits Increase for Wheeling-Pitt Retirees, Spouses

07 November 2005 - The United Steelworkers (USW) announced benefit increases for Wheeling-Pittsburgh Steel retirees who lost their health coverage when the company reorganized under Chapter 11 Bankruptcy Protection and have enrolled in the Wheeling-Pitt Voluntary Employees' Beneficiary Association (VEBA). The Union has also negotiated an increase in payments made by Wheeling-Pitt to surviving spouses of employees who retired prior to 1974 to $1300 and $800 yearly.

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