-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RHJb52+si8hmTgdLPRC2V7mnd5LbQmM78L0v4gaxeGjmQ6ZIWSRjQrzlTWAt7VkI bfe2wx7quwxR8/PEdSJkdQ== 0000830260-03-000022.txt : 20031001 0000830260-03-000022.hdr.sgml : 20031001 20031001144011 ACCESSION NUMBER: 0000830260-03-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031001 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20031001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OREGON STEEL MILLS INC CENTRAL INDEX KEY: 0000830260 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 940506370 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09887 FILM NUMBER: 03920151 BUSINESS ADDRESS: STREET 1: 1000 SW BROADWAY STREET 2: STE 2200 CITY: PORTLAND STATE: OR ZIP: 97205 BUSINESS PHONE: 5032405788 MAIL ADDRESS: STREET 1: PO BOX 5368 CITY: PORTLAND STATE: OR ZIP: 97228 8-K 1 osm8k1003.txt CST UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) October 1, 2003 OREGON STEEL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 94-0506370 - -------------------------------------------------------------------------------- (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1000 S.W. Broadway, Suite 2200, Portland, Oregon 97205 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (503) 240-5226 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) -1- ITEM 2. - ACQUISITION OR DISPOSITION OF ASSETS On October 1, 2003, Oregon Steel Mills, Inc. issued a press release announcing an acquisition by lease. Attached as Exhibit 99.1 is a copy of that press release. ITEM 7. - FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit Number Description -------------- ----------- 99.1 Press release dated October 1, 2003. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OREGON STEEL MILLS, INC. Date: October 1, 2003 /s/ Jeff S. Stewart ------------------------------- Jeff S. Stewart Corporate Controller (Principal Accounting Officer) -2- EXHIBIT INDEX Exhibit Number Description -------------- ----------- 99.1 Press release dated October 1, 2003. -3- EX-99 3 press9911003.txt PRESS RELEASE CST EXHIBIT 99.1 OREGON STEEL MILLS, INC. Portland, Oregon FOR IMMEDIATE RELEASE October 1, 2003 - -------------------------------------------------------------------------------- Contact: Vicki Tagliafico (503) 240-5226 OREGON STEEL MILLS ACQUIRES STRUCTURAL TUBE FACILITY Portland, Oregon, October 1, 2003/Business Wire/--Oregon Steel Mills, Inc. (NYSE: OS) announces that it has leased (with an option to buy) the equipment of the former LTV Structural Tube Facility located in the Rivergate Industrial Park in Portland, Oregon. The lease expires in March of 2017 and the Company has the option to purchase the assets at the end of ten years. The equipment acquired consists of a slitting line, a structural tubing mill, a proprietary in-line coating system and a manufacturing/warehousing structure. The facility, known as Columbia Structural Tubing (CST), is located one mile from the Company's Portland, Oregon Steel Mill. CST's mill will produce rectangular hollow steel sections (HSS) in sizes ranging from 2 1/2 inches to 10 inches. These products have a wide variety of uses, including construction applications as well structural support, safety and ornamental tubing for buildings, bridges, and highways and an extensive range of applications in industrial, transport and agricultural equipment. The slitting line is among the largest in the western United States and is capable of slitting steel up to .625 inches thick and 110 inches in width. CST has an in-line painting process, which will produce mechanically cleaned, degreased and pre-primed coated tubing. With its primered capabilities, CST will provide a broad range of structural tubing to a regional market, including British Columbia, the Pacific Northwest, Montana, Northern California, Idaho and Utah. Jim Declusin, President and CEO of Oregon Steel Mills, stated, "The acquisition of these assets provides additional downstream opportunities for our coil product and will provide our Northwest customers the ability to have locally produced quality tubing. We believe our ability to provide slit coils, as well as HSS products, at a regional level is a significant benefit to our customers. CST expands the number of locally produced steel products we are able to offer in the western region." -1- CST expects to hire approximately 30 employees to start up operations and could employ up to 50 employees depending upon production levels. Kris Lukas has been appointed to the position of Plant Manager and Jeffrey Wilen to Sales Manager. Prior to its closure in early 2003, the HSS facility produced and shipped up to 7,000 tons per month with an annual capacity of up to 150,000 tons. The rated capacity of the slitter is 300,000 tons per year. Oregon Steel Mills, Inc. is organized into two divisions. The Oregon Steel Division produces steel plate, coil, welded pipe and structural tubing from plants located in Portland, Oregon, Napa, California and Camrose, Alberta, Canada. The Rocky Mountain Steel Mills Division, located in Pueblo, Colorado, produces steel rail, rod, bar, and tubular products. -2- -----END PRIVACY-ENHANCED MESSAGE-----