01 July 2005 - Voest-Alpine Industrieanlagenbau (VAI) was recently awarded a contract by Sollac Méditerranée, a company of the Arcelor group, to supply a new high-duty downcoiler for their existing Hot Rolling Mill at Fos sur Mer, France.

ThyssenKrupp Stahl and JFE Establish Joint Venture in Japan

01 July 2005 - Steel producers ThyssenKrupp Stahl AG, Germany, and JFE Steel Corp., Japan, have established a joint venture company, JEVISE Corp.

Mittal Steel Submits Formal Offer to Purchase Vitkovice Steel

01 July 2005 - Mittal Steel Co. NV submitted a direct offer to the Government of the Czech Republic to purchase 98.96% shareholding in Vitkovice Steel.

VAI to Supply LD Converter Steel Plant for Alchevsk

01 July 2005 - Voest-Alpine Industrieanlagenbau GmbH & Co. (VAI) recently signed a contract with Alchevsk Iron and Steel Works (Ukraine), for the supply of a new steel plant. The facility will incorporate two 300-tonne LD converters, each capable of producing 5.4 million tonnes of steel per year.

VAI to Modernize Posco Pickling and Oiling Line

01 July 2005 - Voest Alpine Industrieanlagenbau GmbH (VAI) received a contract from Posco, South Korea, to modernize a Pickling and Oiling Line in their Kwangyang works. The upgraded line will have an annual capacity of 800,000 tonnes of high quality sheet for direct sale in local and international markets.

ThyssenKrupp Acciai Speciali Orders Seventh Cold Mill from SMS Demag

01 July 2005 - ThyssenKrupp Acciai Speciali in Terni, Italy, has placed an order with SMS Demag AG, Germany, for the supply of a seventh 20-roll cold rolling mill for the manufacture of stainless steel strip.

Posco to Construct Integrated Steelworks in India

01 July 2005 - Posco recently signed a memorandum of understanding with the Orissa State government of India for construction of an integrated steelworks and development of a mine at Bhubaneswar, the capital of Orissa.

AISI Joins the Metal Initiative

30 June 2005 - The American Iron and Steel Institute (AISI) has joined The Metal Initiative, a coalition of metal construction product manufacturers and suppliers created to communicate the value of metal roofing and siding for commercial building applications.

TXI Prices Senior Notes Issued by Chaparral Steel

30 June 2005 - Texas Industries, Inc. announced that its wholly-owned steel business, Chaparral Steel Co., has priced its $300 million aggregate principal amount senior notes due 2013 at 10%.

Mittal Steel Announces Third Quarter Production Cutbacks

30 June 2005 - Mittal Steel Co. NV announced plans to reduce global production by one million tons in the third quarter of 2005. This follows similar reductions in the second quarter.

Universal Stainless Amends PNC Credit Agreement

29 June 2005 - Universal Stainless & Alloy Products, Inc. has amended its credit agreement with PNC Bank, which consists of a PNC Term Loan and a PNC Revolving Line of Credit.

CMC Opens New Birmingham Scrap Processing Facility

29 June 2005 - Commercial Metals Co. opened its newest scrap processing facility in Birmingham, Ala.

Lone Star Terminates Strategic Alliance with Tubos Del Caribe

29 June 2005 - Lone Star Technologies, Inc. announced that its largest subsidiary, Lone Star Steel Co., and Tubos del Caribe, SA (Tubocaribe), Colombia, have terminated their strategic alliance, following a change of ownership of Tubocaribe. The exclusive agreement was due to expire in October 2006.

CITT Rescinds Hot Rolled Steel Plate Orders

28 June 2005 - The Canadian International Trade Tribunal (CITT) has rescinded its June 27, 2000, finding on dumped hot rolled carbon steel plate from Brazil, Finland, India, Indonesia, Thailand and Ukraine and subsidized hot rolled carbon plate from India, Indonesia and Thailand.

Wheeling-Pittsburgh Revises 2nd Quarter Expectations

28 June 2005 - Continued softness in the flat rolled carbon sheet market has prompted Wheeling-Pittsburgh Corp. to revise second quarter shipment expectations from 569,000 to 545,000 tons, and expected production from 654,000 to 600,000 tons.

Stelco Obtains Conditional Extension of Stay Period

28 June 2005 - Stelco Inc. has been granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring from July 8, 2005 until July 18, 2005.

George Adams Calls it Quits as Stelco Mediator

27 June 2005 - Mediation talks between Stelco Inc. and a number of its stakeholders, conducted for the past month under the direction of the Hon. George Adams, have ended.

Worthington Reports Record Fiscal Year Results

23 June 2005 - Worthington Industries, Inc. reported net earnings of $40.8 million on record sales of $817.0 million for the fourth quarter and net earnings of $179.4 million on sales of $3,078.9 million for the twelve month period ended May 31, 2005.

Commercial Metals Reports Best Third Quarter Ever

22 June 2005 - Commercial Metals Co. reported net earnings of $71.7 million on net sales of $1.7 billion for the quarter ended May 31, 2005, ranking it as the strongest third quarter ever for the company.

Stelco Court Monitor Files 32nd Report

22 June 2005 - Stelco Inc.’s court-appointed Monitor has filed its thirty-second Report regarding the company's Court-supervised restructuring. The Report provides updated information regarding the issuance of Stelco's guidance update on June 1, 2005; cash flow results for the entities that filed under CCAA, including variances from the forecast included in the Monitor's 26th Report; and the mediation process.

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