Lakeside Steel Inc V.LS

Lakeside - NR - to increase production

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Lakeside Steel announces plans to increase production

WELLAND, ON, Dec. 1 /CNW/ - Lakeside Steel Inc. (TSX-V: LS) ("Lakeside Steel" or the "Company") today announced its plans to increase production on its ERW 2"-8" Mill in January of 2010, by adding an additional production shift to meet increased demand for Lakeside Steel's products. In addition, up to 38 employees who were temporarily laid off will be recalled in connection with the production increase.

API Certification

Lakeside Steel also announced today that it had received approval from the American Petroleum Institute to apply the API monogram and license number to the Company's upset, threaded and coupled oil well tubing products. This API certification enables Lakeside to supply a commercially acceptable upset, threaded and coupled product to the marketplace. Lakeside Steel can now manufacture these products in-house thereby reducing product lead times. These products will be shipped to market from the Company's newly installed, 3-slip rail yard which is now operational.

Ron Bedard, Lakeside Steel's President and COO stated, "Obtaining the API certification is an important achievement and reflects the significant improvements we have made to the business through the successful addition of upset and threading capabilities and the enhanced shipping capabilities of our new rail yard."