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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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Techint Goodfellow to Install EFSOP System at SMI Meltshop

15 December 2005 - Structural Metals, Inc. (SMI Texas) has placed an order with Techint Goodfellow Technologies Inc. (TGTI), Mississauga, Ont., for a state-of-the-art Goodfellow EFSOP™ (Expert Furnace System Optimization Process) system. Techint Goodfellow Technologies will install and commission the system on SMI’s 120-ton EAF at their meltshop in Seguin, Texas.

Steelworkers Discuss Sheffield Steel Acquisition with HIG Capital

15 December 2005 - The United Steelworkers announced that it has held productive and encouraging discussions with H.I.G. Capital regarding their interest in acquiring Sheffield Steel.

Timken Exec Honored as 2006 Premier 100 IT Leader

13 December 2005 - Timken Co.’s Jon Elsasser, Senior Vice President and Chief Information Officer, has been recognized by IDG's Computerworld as one of the business world's Premier 100 IT Leaders.

Ipsco Appoints New Corporate Treasurer

13 December 2005 - Ipsco Inc. announced that Gregory R. Burnett has joined the company as Corporate Treasurer.

Stelco Stay Extended to January 31, 2006

13 December 2005 - The Superior Court of Justice (Ontario) has granted an Order to Stelco Inc. extending the stay period under its Court-supervised restructuring until January 31, 2006.

Stelco Court Monitor Files 42nd Report

12 December 2005 - Stelco Inc.’s court-appointed Monitor has filed its forty-second report regarding the company's Court-supervised restructuring.

Allegheny Technologies Announces Dividend Increase, 2006 Capital Plan

12 December 2005 - Allegheny Technologies Inc. announced that it will increase its quarterly dividend by 67%, to $0.10 per share. The dividend is payable on December 27, 2005, to stockholders of record at the close of business on December 19, 2005.

Stelco Creditors Approve Third Amended Restructuring Plan

12 December 2005 - Stelco Inc. announced that a third amended restructuring plan was approved by affected creditors at the previously-adjourned meeting that resumed on Friday. Affected creditors of certain Stelco subsidiaries also voted to approve the plan at other meetings resumed the same afternoon.

Stelco Approves Second Amended Restructuring Plan

09 December 2005 - Stelco Inc. announced late Thursday afternoon that its Board of Directors has approved a second amended restructuring plan for consideration by its creditors. The second amended plan will be filed with the Court before the previously adjourned meetings of affected creditors resume on Friday, December 9, 2005.

Timken Names Senior Technology Vice President

08 December 2005 - The Timken Co. announced the appointment of Alastair R. Deane as Senior Vice President — Technology, reporting to President and CEO James W. Griffith. Deane will lead Timken's global technology efforts in support of generating value and achieving the company's growth targets.

Carpenter Raises Prices on Premium Melted Specialty Alloys

08 December 2005 - Carpenter Technology Corp.’s Specialty Alloys Operations unit announced that it will increase base prices an average of 10% on all premium-melted alloys in all product forms. The increase is effective immediately on all new orders.

Stelco Court Monitor Files 41st Report

08 December 2005 - Stelco Inc.’s court-appointed Monitor has filed its forty-first report regarding the company's Court-supervised restructuring.

AK Steel Presents Supplier of the Year Awards

07 December 2005 - AK Steel recently honored six of its suppliers as part of its "2005 Supplier of the Year" program.

Worthington Names COO, President of Cylinders

07 December 2005 - Worthington Industries' Chairman and CEO John P. McConnell announced the appointment of George P. Stoe as Executive Vice President and Chief Operating Officer. Harry A. Goussetis, Vice President of Human Resources, succeeds Stoe as President of Worthington Cylinders.

Stelco Stay Extended to December 12

07 December 2005 - Stelco Inc. was granted an Order of the Superior Court of Justice (Ontario) extending the stay period under its Court-supervised restructuring until December 12, 2005.

USW Locals Ratify Labor Agreements with Ipsco

06 December 2005 - Members of United Steelworkers Locals 5890 and 6673 have ratified agreements for early renewal of collective agreements at Ipsco's facilities in Regina, Sask., and Calgary, Alta. The Locals represent approximately 1,000 workers at the two facilities.

Dofasco and ThyssenKrupp Announce Mailing of Bid Circular

06 December 2005 - ThyssenKrupp AG has mailed its bid circular to Dofasco shareholders regarding its offer to acquire all of Dofasco's outstanding common shares in a friendly, all-cash transaction.

Timken Receives Disbursement Under U.S. Trade Law

05 December 2005 - The Timken Co. has received approximately $81 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2005.

Commerce Department Initiates Investigations on Wire Rod Imports

05 December 2005 - The Department of Commerce has announced it will initiate antidumping duty investigations on imports of Carbon and Certain Alloy Steel Wire Rod from P.R. China, Germany, and Turkey.

Paulson Announces Slate for Algoma Shareholder Meeting

02 December 2005 - Paulson & Co. Inc., a major shareholder of Algoma Steel Inc., has announced its nominees for the Algoma board of directors. In November, Paulson had requisitioned a special shareholder meeting to replace a majority of current Algoma directors.

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