|
Latest News:
|
Evraz, TMK to Buy Ipsco Tubulars from SSAB
Mar. 17, 2008 - SSAB announces plans to divest Ipsco Tubulars to Evraz for $4,025 million in cash; Evraz will sell some of the U.S. based Ipsco Tubulars businesses to OAO TMK and its affiliates.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canadian Authorities Approve Ipsco Plan of Arrangement
Jul. 16, 2007 - The Canadian Minister of Industry under the Investment Canada Act has granted approval of the Plan of Arrangement for SSAB’s acquisition of Ipsco’s outstanding shares for U.S.$160.00 per share; the deal has also been cleared by the Canadian Competition Bureau.
|
|
|
|
|
|
SSAB Gets Green Light for Ipsco Acquisition
Jun. 13, 2007 - Ipsco and SSAB Svenskt Stal announce the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their proposed plan for SSAB to acquire Ipsco for a cash consideration of U.S. $160 per share.
|
|
Ipsco Announces Special Meeting and Record Dates
Jun. 4, 2007 - Ipsco’s Board of Directors has scheduled a special meeting for shareholders to vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB.
|
|
SSAB to Acquire Ipsco
May 3, 2007 - Ipsco and SSAB Svenskt Stal AB have entered into an agreement providing for SSAB to acquire Ipsco for U.S. $160 per share in cash, giving the deal a total equity value of U.S. $7.7 billion. The Boards of Directors for both companies have approved the transaction.
|
|
|
|
Ipsco Confirms Acquisition Talks
Apr. 13, 2007 - Ipsco Inc. confirmed that it is currently in discussions that could lead to a potential acquisition of the company.
Ipsco said its statement was prompted by market speculation as well as a
|
|
Ipsco Adopts Amended Shareholder Rights Plan
Feb. 26, 2007 - Feb. 26, 2007 — Ipsco Inc.’s Board of Directors has approved a new shareholder rights plan dated February 23, 2007. The Amended Plan will ensure Ipsco and its shareholders continue to r
|
|
Founder of Newport Steel Passes Away
Feb. 21, 2007 - Feb. 21, 2007 — Ipsco announced the passing of Mr. Clifford R. Borland, 69, founder of Newport Steel.
Ipsco acquired NS Group, Inc. and its subsidiaries, which included Newport Steel, on December 1, 2006.
|
|
|
|
Ipsco Reports Record Annual Sales and Earnings
Feb. 6, 2007 - Feb. 6, 2007 — Ipsco Inc. announced net income of $139.0 million on sales of $982.3 million for the fourth quarter, and record net income of $643.1 million on sales of $3.78 billion in 2006.<
|
|
Ipsco to Increase Large Diameter Pipe Capacity
Jan. 29, 2007 - Ipsco Inc. announced plans to further expand its Regina large-diameter pipemaking facility with an additional pipe forming mill and related finishing equipment.
The $52.5-million expansion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ipsco to Acquire NS Group
Sep. 11, 2006 -
Sep. 11, 2006 — Ipsco Inc. and NS Group, Inc. jointly announced that they have entered into a d
|
|
|
|
|
|
|
|
|
|
|
|
Ipsco Reports Record 1st Quarter Results
Apr. 27, 2006 - April 27, 2006 — Ipsco Inc. announced net income of $150.7 million on record sales of $902.9 million for the first quarter of 2006.
The $150.7 million net income ($3.12 p
|
|
|
|
|
|
|
|
Ipsco Plans Plate and Pipe Upgrades
Feb. 17, 2006 - Feb. 17, 2006 — Ipsco Inc. announced two new capital investments to further extend the ongoing development of the company's range of value-added products.
As part of its
|
|
Ipsco Reports Record Sales and Earnings for 2005
Feb. 7, 2006 - Feb. 7, 2006 — Ipsco Inc. announced net income of $170.2 million on sales of $852 million for the fourth quarter of 2005, and record net income of $585.8 million on sales of $3.0
|
|
|
|
|
|
USW Locals Ratify Labor Agreements with Ipsco
Dec. 6, 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.
|
|
|
|
Paulson Asserts Right of Shareholders to Consider Algoma Business
Nov. 22, 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.
|
|
|
|
|
|
Don Daily Elected 2006-2007 Chairman of SMA
Oct. 24, 2005 - The Steel Manufacturers Association (SMA) Board of Directors announced the election of Don Daily as Chairman of the SMA for 2006 and 2007. He will succeed Keith Busse, who concludes his two-year term in February 2006.
|
|
|
|
Ipsco Subsidiary to Pay Workers for Seven Week Lockout
Sep. 14, 2005 - The Queen's Bench has upheld a May decision of the Saskatchewan Labor Relations Board regarding a lockout at the Wheat City Metals scrap metal processing facility. As a result of the decision, thirty-nine United Steelworkers are to be paid seven weeks of lost wages for the lockout that had been imposed by their employer.
|
|
|
|
|
|
|
|
Ipsco to Expand Pipe Mill Operations
Aug. 26, 2005 - Ipsco announced it will expand the current oil country tubular goods (OCTG) heat treat capacity at its Calgary, Alberta plant. The expansion will begin immediately and is expected to be fully implemented before year-end. Annual capacity of the Calgary heat treat facility will be increased by more than 70%.
|
|
|
|
Ipsco Reports Record 2nd Quarter Results
Jul. 28, 2005 - Ipsco Inc. announced net income of $126 million on sales of $667 million for the second quarter of 2005. and net income of $281 million on sales of $1,413 million for the first six months of 2005.
|
|
AISI Joins the Metal Initiative
Jun. 30, 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.
|
|
CITT Rescinds Hot Rolled Steel Plate Orders
Jun. 28, 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.
|
|
Ipsco Revises Second Quarter Outlook
Jun. 20, 2005 - Ipsco Inc. has revised its outlook for the second quarter. Although the company had originally estimated that second quarter earnings per share would meet or exceed $2.75 per diluted share, Ipsco now expects that earnings will be closer to $2.45 per diluted share.
|
|
Ipsco President Honored as 2005 Gary Memorial Medal Recipient
May 19, 2005 - Ipsco's President and CEO David Sutherland is the latest steel industry leader to be honored as a recipient of the industry’s prestigious Gary Memorial Medal. Sutherland received the award this week during the American Iron and Steel Institute's (AISI) Annual Meeting in Washington, DC.
|
|
Ipsco Shifts Production in Response to Montpelier Mill Outage
May 6, 2005 - An electrical short in a rolling mill motor has caused a production outage at Ipsco Inc.’s Montpelier, Iowa, facility. Ipsco estimates that the rolling mill outage, which is expected to last six days, will decrease earnings by approximately $0.05 per diluted share for the quarter.
|
|
|
|
|
|
Ipsco to Initiate Share Repurchase Program
Mar. 16, 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.
|
|
Ipsco Establishes Frontier Pipe Research Unit
Feb. 18, 2005 - Ipsco Inc. announced it will invest $3.5 million to set up a state-of-the-art research unit dedicated to accelerating development of the company's large-diameter capability. The specialized research capability will be used to focus on the specific steel and pipe needs for large diameter energy transmission lines, further extending Ipsco's current knowledge in this area.
|
|
Ipsco Reports Record Results in 2004
Feb. 14, 2005 - Ipsco Inc. announced net income was $190 million on record sales of $780 million for the fourth quarter and net income of $439 million on record sales of $2.5 billion for the full year 2004.
|
|
AISI Announces New Officers for 2005
Jan. 27, 2005 - The American Iron and Steel Institute (AISI) Board of Directors has elected United States Steel Corp. President and CEO John P. Surma Jr. to a one-year term as AISI Chairman.
|
|
Ipsco and Its Employees Give Generously to United Way
Jan. 20, 2005 - Ipsco Inc. and its employees have donated nearly $260,000 (USD) towards various United Way Campaigns in the communities in which it operates. Campaigns for the internationally recognized charity are conducted at each Ipsco site, with the company matching each dollar pledged by its employees.
|
|
Despite November Dip, Steel Imports Still Over 50% Higher than 2003
Dec. 23, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported November imports of steel into the United States were slightly lower than in October — 3,114,000 net tons, including 2,461,000 net tons of finished steel. Although total November imports reflect a decline of 11.7%, and finished imports declined 10.9%, compared to October, year-to-date imports (YTD) remain 52.7% higher in both categories.
|
|
Steel Imports Significantly Ahead of 2003, Despite Recent Dip
Dec. 1, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported October imports of steel into the United States declined 11.7% compared to September, with finished steel imports 9.2%% lower than in September. Year-to-date imports are 50.2% higher than 2003, with finished steel imports 49.7% higher than in 2003. The gain of nearly 50% in finished steel imports is more than three times the 14.4% increase in steel consumption. As a result, the finished steel market share in this period has risen from 15.9 to 20.5%.
|
|
|
|
|
|
Import Gains Outpace Steel Consumption Increases
Oct. 28, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported September imports of steel into the United States were the highest import levels in four years — 3,467,000 net tons, including 2,714,000 net tons of finished steel.
|
|
|
|
|
|
|
|
|
|
August Steel Imports Reach Highest Level in Three Years
Sep. 29, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported August imports of steel into the United States were the highest import levels since August 2000 — 8.6% higher than in July for total steel imports and 5.7% higher than July for finished steel imports. Year-to-date (YTD) imports in both categories are up over 41% compared to the same period last year.
|
|
Ipsco Revises 3rd Quarter Earnings Guidance
Sep. 21, 2004 - Ipsco Inc. announced it expects third quarter earnings will exceed $2.00 per diluted share, which is more than 40% higher than the analyst consensus of $1.43 per share. Favorable results this quarter have been driven by continued strength in the market with strong product demand, resulting in higher margins.
|
|
Ipsco Employees Provide Relief for Hurricane Ivan Victims
Sep. 17, 2004 - Employees at the various Ipsco operations throughout the United States and Canada are rallying together to support their colleagues and friends whose families have been impacted by Hurricane Ivan. The storm passed through Mobile, Ala., early Thursday without significantly affecting Ipsco's Alabama steel mill, however it is expected that many families will not be so fortunate.
|
|
Ipsco Survives Hurricane Ivan
Sep. 16, 2004 - Hurricane Ivan passed through Mobile, Ala., early this morning without significantly affecting Ipsco's Alabama steel mill.
|
|
|
|
Ipsco Develops 123-Inch Wide Coil Capability
Aug. 31, 2004 - Ipsco Inc. has successfully produced 123-inch wide hot rolled coils at its Mobile, Ala., steelworks, successfully expanding its product line and operating flexibility.
|
|
Ipsco Uses Savings from Process Innovation to Fund Local Education
Aug. 26, 2004 - Ipsco Inc. announced that more than $100,000 will be infused into the education system in north Mobile County in the next year. The money is a direct result of savings generated by the Company by substituting scrap tires for carbon in the steel manufacturing process.
|
|
AISI Chairman Details Challenges to Domestic Industry
Aug. 20, 2004 - “We are witnessing major structural changes in the steel industry, which can be described accurately as both ‘revolutionary’ and predictable,” American Iron and Steel Institute (AISI) Chairman David S. Sutherland, President and CEO of Ipsco, Inc., testified Thursday, August 19, at a Steel Caucus field hearing in Pittsburgh.
|
|
|
|
Steel Imports Surge in June 2004
Jul. 28, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that June imports of steel into the United States were 9% higher than in May, with finished steel imports uo 14% compared to May. This was the highest month for total imports since February 2002, and the highest month for finished steel imports since September 2002. Year-to-date (YTD) total and finished steel imports are up 16% and 14%, respectively, compared to the same period last year.
|
|
|
|
|
|
Steel Industry Groups Sign Safety Alliance with OSHA
Jul. 8, 2004 - The U.S. Occupational Safety and Health Administration (OSHA) and the three major trade associations representing virtually all of the basic and specialty steel producers in America have joined forces in an effort to enhance worker safety and health in the nation's steel mills.
|
|
2004 Steel Imports Over 16% Higher Through May
Jul. 1, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that May imports of steel into the United States were 4% higher than in April, with finished steel imports down 6% compared to April. Year-to-date (YTD) total and finished steel imports are up 16% and 14%, respectively, compared to the same period last year.
|
|
Ipsco Adjusts 2nd Quarter Earnings Outlook
Jun. 16, 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.
|
|
Steel Imports Substantially Higher Through First Four Months
May 26, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that April imports of steel into the United States were 0.3% higher than March, with finished steel imports up 5.7% compared to March. Year-to-date total and finished steel imports are up 11.1 and 9.7 percent, respectively, compared to the same period last year.
|
|
Steel Imports on the Rise Again in January
Feb. 25, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that imports of steel into the United States were up 35% over December 2003 imports. Finished steel imports were up by 24% over the same time period. This was the highest figure for total steel imports since January 2003 and the highest figure for finished steel imports since March of last year.
|
|
Steel Imports Down Through the End of 2003
Jan. 28, 2004 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that December imports of steel into the United States were 10.7% lower than in November, with finished imports down 5.8% compared to November. For 2003 as a whole, total and finished steel imports are down 29.6 and 23.7% respectively, compared to 2002.
|
|
|
|
|
View Current Articles
|