23 March 2005 - Commercial Metals Co. reported net earnings of $56.6 million on net sales of $1.6 billion for the quarter ended February 28, 2005, ranking it as the strongest second quarter ever reported for the company. The company also reported net earnings of $130.3 million on net sales of $3.1 billion for the first six months of the fiscal year.

Quanex Announces Purchase of Besten

22 March 2005 - Quanex Corp. announced the purchase of privately held Besten Inc., located in Cleveland, Ohio.

Cleveland-Cliffs Increases Interest in Portman

22 March 2005 - Cleveland-Cliffs Inc has acquired a total relevant interest in approximately 48.4 million Portman shares, representing approximately 27.6% of Portman's issued share capital as of Monday morning. The offer for Portman was due to close at 7:00 p.m. (Perth time), which is 6:00 a.m. (New York time) on March 22, 2005.

Allegheny Ludlum Sets Price Increases for Cold Rolled Stainless

22 March 2005 - ATI Allegheny Ludlum announced that it would increase prices for T309, T310 and T330 cold-rolled stainless steel sheet, strip, plate, continuous mill plate and Tubular Quality sheet and strip by approximately 5%.

Ladle Carrier Tires Explode at Severstal North America

22 March 2005 - Severstal North America, Inc. reported that twelve Severstal and outside emergency responders were injured when two tires on a liquid steel carrier caught fire and exploded.

Steel Dynamics Appoints Two New Directors

18 March 2005 - Steel Dynamics, Inc.’s Board of Directors has increased the authorized number of directors from ten to eleven. The board announced that current SDI director James E. Kelley, 86, has resigned due to ill health.

Roanoke Electric Steel Adjusts Fuel Surcharge

18 March 2005 - Roanoke Electric Steel Corp. has informed its customers that it will increase its fuel surcharge from 8 to 12%, effective with shipments on Monday, March 21.

Sterling Steel to Implement Ivara Asset Reliability Program

18 March 2005 - Sterling Steel Co., LLC has partnered with Ivara Corp. to improve equipment reliability. The asset reliability initiative will focus on improving maintenance effectiveness and increasing asset performance, with the ultimate goals of increasing equipment availability and throughput, reducing plant downtime, lowering operating costs, and optimizing spare parts inventory.

Worthington Industries Reports 3rd Quarter Results

17 March 2005 - Worthington Industries, Inc. reported net earnings of $33.1 million on net sales of $747.4 million for third quarter, and net earnings of $138.6 million on net sales of $2,261.9 million for the nine-month period ended February 28, 2005.

Steel Dynamics Revises Earnings Outlook

17 March 2005 - Steel Dynamics, Inc. has adjusted its outlook for the first half of 2005. The new guidance forecasts lower than previously expected first quarter results, but a stronger and substantially improved second quarter.

AK Steel Announces April Surcharges

16 March 2005 - AK Steel will add a $230 per ton surcharge to invoices for flat-rolled carbon steel products shipped in April 2005, an increase of $16 from March's surcharge of $214 per ton. For electrical steel products, the company will add a $295 per ton surcharge, a decrease of $45 from the March surcharge of $340 per ton for those products.

Ipsco to Initiate Share Repurchase Program

16 March 2005 - Ipsco Inc. announced its intention to initiate a share repurchase program, by way of a normal course issuer bid, through the facilities of the Toronto Stock Exchange of up to 10% of the public float of its Common Shares, approximately 4.2 million shares. As of March 3, 2005 the company had 50,161, 875 Common Shares outstanding.

Timken Latrobe to Increase Aerospace Steel Prices

15 March 2005 - Timken Latrobe Steel will increase prices by 5 to 10% on all remelted aerospace alloys and air melt stainless steel grades. The price change will be effective with all new orders received beginning March 15, 2005. Raw material surcharges will remain in effect.

Wheeling-Pittsburgh Announces 2004 Results

15 March 2005 - Wheeling-Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., reported net income of $6.4 million on net sales of $373.7 million for the fourth quarter and net income of $62.5 million on net sales of $1.4 billion for the year ended December 31, 2004.

Ispat Inland Receives Requisite Consents

15 March 2005 - Ispat Inland Inc. affiliate Ispat Inland ULC has received the requisite consents from holders of its Senior Secured Floating Rate Notes due 2010 and its 9.75% Senior Secured Notes due 2014 to the amendments to the indenture under which the securities were issued.

Wheeling-Pittsburgh to Upgrade Hot Strip Mill

15 March 2005 - Wheeling-Pittsburgh Steel Corp. announced it will add automatic roll changers at its 80-Inch Hot Strip Mill.

Nucor Increases 1st Quarter Earnings Guidance

14 March 2005 - Better-than-expected shipments and margins have prompted Nucor Corp. to increase its earnings guidance for the first quarter ending April 2, 2005.

WHX Bankruptcy Should Not Impact Wheeling-Pitt Benefits

14 March 2005 - The United Steelworkers of America (USWA) announced that the Union does not expect that the benefits current members or retirees receive from Wheeling-Pittsburgh Steel will be affected as a result of WHX Corp.’s filing for Chapter 11 Bankruptcy Protection.

Mittal Steel and ISG Proceed Toward Proposed Merger

14 March 2005 - Mittal Steel Co. NV and International Steel Group Inc. announced that the registration statement on Form F-4 filed by Mittal Steel with the Securities and Exchange Commission in connection with the proposed merger involving ISG and Mittal Steel has been declared effective as of March 11, 2005.

Oregon Steel Mills Announces 4th Quarter Results

11 March 2005 - Oregon Steel Mills, Inc. announced net income of $44.8 million on sales of $302.0 million for the fourth quarter of 2004.

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