IPSCO produced more than 3.6 million tons of plate and coil in 2006 and shipped 2.7 million tons of steel mill products, an increase of 16% from tons shipped in the previous year.

BUSINESS PROFILE
IPSCO owns and operates flat rolled steelworks in: Regina, Saskatchewan; Montpelier, Iowa; and Mobile, Alabama. These steelworks use electric arc furnace or "mini-mill" technology to convert scrap metal into liquid steel. Liquid steel is cast into slabs and subsequently hot rolled, using Steckel mill technology, into either discrete plate or coil.

We also own and operate one round billet steelworks which we acquired as part of the NS Group acquisition with an estimated annual meltshop capacity of 450,000 tons. Liquid steel is cast into 5½ inch round billets that are further processed into seamless tubes or sold as billets.

Five coil-processing locations, sourced primarily with IPSCO produced coil, fabricate cut-to-length products to meet customer requirements.

Seven pipe locations throughout North America utilize both IPSCO produced and third party coil to fabricate electric resistance welded (ERW) tubular products, as well as spiral formed, double submerged arc welded tubular products greater than 24 inches in diameter. Our seamless pipe mill in Ambridge, Pennsylvania, a former NS Group facility, heats and pierces solid steel billets into seamless pipe.

We also operate five auto shredder facilities in Western Canada and nine smaller scrap metal processing and auto wrecking yards. These supply a significant portion of the scrap metal requirements of our Regina Steelworks in addition to processing ferrous and non-ferrous materials that are sold throughout the world.

OUR PRODUCTS
IPSCO is the leading supplier of plate in a North American market that reached approximately 14 million tons in 2006. Our flat rolled steelworks can produce discrete plate in thicknesses up to 4½ inches and coil in thicknesses up to ¾ inches. We have expanded our value-added product lines to include blast and painted products, as well as quench and tempered, and normalized plate products.

We are also a major supplier in the energy tubular markets in the U.S. and Canada, shipping more than 1.1 million tons in 2006. More than 80% of our tubular shipments in 2006 were energy related. We produce Oil Country Tubular Goods (OCTG) and small diameter line pipe in both seamless and ERW pipe in both carbon and alloy grades.

IPSCO is also a major producer of the large diameter pipe used in transporting oil and gas across long distances. Our large diameter pipe facility in Regina, Saskatchewan makes use of our own coil, allowing us full control of the production process. IPSCO also manufactures industrial pipe, including hollow structural sections (HSS) and standard pipe, which is produced at various tubular facilities.