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Latest News:
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ArcelorMittal Dofasco Develops New Ultra-Low Carbon Steel Technology Aug. 6, 2010 - ArcelorMittal has unveiled a new ultra-low carbon production technology at its Dofasco plant in Hamilton, Canada, that will allow the production of more advanced grades of automotive steel. The technology was recognized with the Leadership and Innovation Award as part of the Group's Performance Excellence Awards.
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ArcelorMittal Offers Funding for Great Lakes Projects Sep. 21, 2009 - Sustain Our Great Lakes is coordinated by the National Fish and Wildlife Foundation and currently funded by ArcelorMittal, the U.S. EPA, U.S. Fish and Wildlife Service, and U.S. Forest Service. Grant money available in 2010 could total more than $8 million (US).
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ArcelorMittal Realigns Flat Carbon Americas and USA Management Teams May 5, 2008 - ArcelorMittal announces sweeping changes to its Flat Carbon Americas (FCA) management team, with Leonard Chuderewicz assuming the role of Vice President Operations, Flat Carbon Americas; and incoming AIST President Andrew Harshaw assuming the role of Chief Operating Officer, ArcelorMittal USA.
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ArcelorMittal Dofasco, USW to Explore Potential for Certification Mar. 20, 2008 - ArcelorMittal Dofasco and the United Steelworkers agree to a unique process that will allow employees to interact with and evaluate the suitability of a union to the company’s unique working culture. Later, employees will choose whether or not they wish to be part of the global partnership between ArcelorMittal and its union partners.
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ArcelorMittal Confirms Acquisition of Wabush Mines Sep. 6, 2007 - ArcelorMittal announces that it will exercise its Dofasco subsidiary’s option to acquire the remaining shares of iron ore and pellet producer Wabush Mines from Stelco and Cleveland Cliffs.
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Dofasco to Install Pulverized Coal Injection System Aug. 27, 2007 - Dofasco will build a $60-million pulverized coal injection system at its two blast furnaces in Hamilton, supported in part by a $6.05-million, 5-year loan under the Government of Ontario’s Advanced Manufacturing Investment Strategy program.
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Cleveland-Cliffs, Stelco Agree to Sell Wabush Interest Jun. 7, 2007 - Cleveland-Cliffs and Stelco have entered an agreement to sell their 26.8% interest and 44.6% interest, respectively, in the Wabush Mines joint venture to Consolidated Thompson Iron Mines for $64.3 million cash, 3.0 million warrants of common shares, and Consolidated’s assumption of ongoing employee and asset retirement obligations.
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Dofasco Redeems Medium-Term Notes May 16, 2007 - Dofasco has completed redemption of all of its issued and outstanding 7.55% Series B Notes due October 1, 2008, and all of its issued and outstanding 4.961% Series A Notes due June 15, 2017 — in each case plus accrued but unpaid interest.
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Dofasco Continues Toward Redemption of Medium Term Notes May 8, 2007 - Dofasco has provided notice of its intention to redeem all of its 7.55% Series B Notes due October 1, 2008 at the Canada Yield Price, and all of its 4.961% Series A Notes due June 15, 2017 at par, in each case plus accrued but unpaid interest.
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Dofasco Provides Update on Notes Redemption Apr. 30, 2007 - Dofasco has received the required written resolutions from noteholders authorizing amendments to the terms and conditions of each series of notes that will permit redemption of the 7.55% notes due October 1, 2008, and the 4.961% notes due June 15, 2017.
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Arcelor Mittal Announces New Dofasco CEO Apr. 23, 2007 - Lou Schorsch, Executive Vice President of Arcelor Mittal and CEO Flat Americas, announced the appointment of Juergen Schachler to the position of President and CEO, Dofasco Inc., effective May 1, 2007.
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Dofasco Proposes Redemption of Medium Term Notes Apr. 10, 2007 - Dofasco announced that it plans to seek written consent from Canadian noteholders for approval of amendments that would permit the company to redeem all of its outstanding 7.55% unsecured medium te
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Arcelor Mittal Reports Pro Forma 2006 Results Feb. 23, 2007 - Feb. 23, 2007 — Mittal Steel Co. NV announced pro forma net income of $US 2.37 billion on sales of $US 23.2 billion for the fourth quarter, and pro forma net income of $US 7.97 billion on sales of $US 88.6 billion for the twelve months ended December 31, 2006.
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Future Clouds for Sparrows Point, Clears for Dofasco Feb. 21, 2007 - Dofasco President and CEO Jacques Chabanier announced that, now that the U.S. Department of Justice has required Arcelor-Mittal to divest its Sparrows Point facility, Dofasco's integration with Arcelor-Mittal can proceed.
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Esmark, Arcelor Mittal Enter MOU for Weirton Steel Assets Jan. 22, 2007 - Esmark Inc. and Arcelor Mittal confirmed they have entered into a Memorandum of Understanding in which Esmark will acquire the hot roll, cold roll, coated and tin assets of Arcelor Mittal’s Weirton, W.Va., steel plant. The MOU contemplates execution of definitive transaction agreements by February 2, 2007 when the MOU terminates.
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Dofasco Announces Board Changes Feb. 22, 2006 - Feb. 22, 2006 — Six members of Dofasco Inc.'s Board of Directors have resigned at Arcelor SA's request. The announcement follows the take-up on February 20, 2006 of 88.38% of Dof
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Dofasco to Update 2005 Results Feb. 15, 2006 - Feb. 15, 2006 — In light of recent regulatory approvals regarding Arcelor's offer to acquire Dofasco, Dofasco Inc. has advised that it intends to amend its 2005 results previousl
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Arcelor Extends its Offer for Dofasco Shares Feb. 10, 2006 - Feb. 10, 2006 — Arcelor SA is extending the expiry date of its offer to acquire all of the outstanding Common Shares of Dofasco Inc. to February 20, 2006 in order to allow for su
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Dofasco Posts 2005 Net Income Feb. 6, 2006 - Feb. 6, 2006 — Dofasco Inc. reported net income of $28.4 million on net sales of $1324.3 million for the quarter and net income of $171.0 million on net sales of $4562.9 million
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Dofasco Acquisition Still on Track Jan. 30, 2006 - Jan. 30, 2006 — Dofasco Inc. has advised that regardless of Mittal Steel’s unsolicited bid for Arcelor SA,
Mittal Steel Announces Offer for Arcelor Jan. 27, 2006 - Jan. 27, 2006 — Mittal Steel NV has launched an offer to the shareholders of Arcelor SA to acquire Arcelor’s outstanding common shares at a rate of €28.21 — a 27
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Arcelor Increases Offer for Dofasco Shares Jan. 17, 2006 - Jan. 17, 2006 — Dofasco Inc.'s Board of Directors announced that it has received an unsolicited proposal from Arcelor SA to amend its offer to acquire all of Dofasco's outstandin
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ThyssenKrupp Increases Offer for Dofasco Shares Jan. 16, 2006 - Jan. 16, 2006 — Dofasco Inc. and ThyssenKrupp AG jointly announced that ThyssenKrupp has agreed to increase its cash offer for Dofasco Inc.’s outstanding common shares from
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Arcelor to Enhance Offer for Dofasco Acquisition Dec. 26, 2005 - Arcelor SA announced last week its intention to make an enhanced all-cash offer to acquire all of the outstanding common shares of Canadian steelmaker Dofasco Inc. at C$63.00 per share.
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Paulson Announces Slate for Algoma Shareholder Meeting Dec. 2, 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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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.
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Dofasco Posts 3rd Quarter Net Income Nov. 1, 2005 - Dofasco Inc. reported consolidated net income of $5.2 million on consolidated sales of $1,104.5 million for the third quarter of 2005.
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Arcelor Included in Dow Jones Sustainability Index Oct. 1, 2005 - Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.
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Dofasco Adjusts Third Quarter Earnings Expectations Sep. 15, 2005 - Dofasco Inc. announced that it expects its consolidated earnings for the third quarter of 2005 to be significantly lower than the surveyed analyst range of $0.54 to $1.21 per common share.
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Dofasco Completes Blast Furnace Rebuild Jul. 11, 2005 - Dofasco announced the successful start-up of its No. 2 Blast Furnace, which was completely rebuilt over the last year to incorporate the world's most advanced ironmaking technology.
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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.
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Dofasco Issues Medium Term Notes Jun. 14, 2005 - Dofasco Inc. announced that it intends to issue 12-Year Amortizing notes (10.5 Year Average Life) under its Medium Term Note program pursuant to a Short Form Shelf Prospectus dated November 24, 2004.
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AIST Announces 2005-2006 Officers Jun. 9, 2005 - June 9, 2005 — The Association for Iron & Steel Technology (AIST) announced that Richard E. O’Hara, Director of Procurement and Logistics for Carpenter Specialty Alloys, Reading, Pa, has been elected as the association’s President for 2005-2006. He replaces outgoing President Thomas C. Graham Jr., Vice President, T.C. Graham & Associates, Mason, Ohio.
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Keith Busse Named Steelmaker of the Year at AISTech 2005 May 19, 2005 - Keith E. Busse, President and CEO of Steel Dynamics Inc. was named “Steelmaker of the Year” at AISTech 2005 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. The Steelmaker of the Year Award is presented annually by the AIST to recognize notable leaders and their contributions to the steel industry.
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Dofasco Posts Very Good First Quarter Results Apr. 28, 2005 - Dofasco Inc. reported consolidated net income of $78.2 million on consolidated sales of $1,073.1 million for the first quarter of 2005. The company credits higher selling prices for its much-improved earnings compared to the first quarter of 2004.
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Dofasco Posts Record Earnings in 2004 Feb. 7, 2005 - Dofasco Inc. reported net income of $96.8 million on consolidated sales of $1.11 billion for the fourth quarter and net income of $376.9 million on consolidated sales of $4.22 billion for 2004. Dofasco attributes its record earnings to excellent operating performance and robust North American flat rolled steel demand.
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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.
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Dofasco Files Short Form Prospectus Nov. 29, 2004 - Dofasco Inc. has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada.
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Steel Making a Comeback in Automotive Steel Wheels Nov. 13, 2004 - Steel wheels, once facing a rapid decline in use, are making a strong comeback as automakers realize they can save up to $100 per vehicle without sacrificing quality or performance. DaimlerChrysler Corp., Ford Motor Co. and General Motors Corp., plus many European and Asian carmakers, are changing back to steel wheels for base wheels as well as for upgrade packages.
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Dofasco Posts Record Third Quarter Results Oct. 26, 2004 - Dofasco Inc. reported record consolidated net income of $115.0 million on record consolidated sales of $1,089 million for the third quarter of 2004. Dofasco attributes the results to higher pricing, strong operating performance and robust demand in the quarter.
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Dofasco Steel for Construction Certified with EcoLogo Oct. 21, 2004 - Dofasco steel for construction products has been certified to Environment Canada's Environmental Choice(M) Program. Dofasco’s steel will carry the EcoLogo(M) symbol, which provides customers assurance they have made an environmentally responsible decision when using Dofasco steel for their steel building products.
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Cliffs Announces Labor Agreement at Wabush Mines Oct. 12, 2004 - Cleveland-Cliffs Inc. announced that contract settlements have been reached and ratified by the United Steelworkers Union, representing approximately 575 hourly employees at Wabush Mines in Canada.
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Talks Back on at Wabush Mines Oct. 1, 2004 - Striking steelworkers will be back at the bargaining table Friday with Wabush Mines in an attempt to reach a settlement for 300 members of Steelworkers Local 6285. The workers have been on strike since July 5.
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Dofasco Makes Dow Jones Sustainability World Index Sep. 21, 2004 - For the sixth year in a row, Dofasco Inc. has been listed on the Dow Jones Sustainability World Index (DJSI World). Dofasco is the only steelmaker in the world listed on the DJSI World index, and one of 13 Canadian companies listed.
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Dofasco Announces Capital Structure Initiatives Sep. 7, 2004 - Dofasco announced three initiatives related to its capital structure. First, the Board of Directors approved the redemption of all of the company's outstanding 4 3/4% Cumulative Redeemable Preferred Shares, Series A. The company also announced its intention to file a $300 million Medium Term Note program shelf prospectus, and its intention to put in place a Normal Course Issuer Bid for the repurchase of up to 3.8 million of the company's common shares, subject in both cases to approval from regulatory authorities.
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Dofasco Posts Record 2nd Quarter Results Jul. 29, 2004 - Dofasco Inc. reported consolidated net income of $110.5 million on consolidated sales of $1,061.6 million for the second quarter of 2004. The company credits the strong pricing environment, robust demand and excellent operating performance for its record quarterly results.
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Dofasco Adjusts 2nd Quarter Earnings Outlook Jul. 14, 2004 - Dofasco Inc. announced that it expects its consolidated earnings for the second quarter of 2004 to be approximately $1.45 per common share, above the range of $0.83 to $1.20 expected by steel industry analysts.
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