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North America

All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.

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Mill Steel Announces New Location, Expands Existing Facility

29 August 2023 - Michigan-based flat-rolled distributor Mill Steel Co. is establishing a new location in Mansfield, Ohio, USA, in support of its entrance into the flat-rolled stainless and aluminum markets and concurrently investing US$18 million in its Detroit, Mich., facility.

Nucor Celebrates Start of Work on Third Micro-Mill

28 August 2023 - Nucor Corp. broke ground Friday on its planned rebar micro-mill in Lexington, N.C., USA, marking the start of work on what will be its third such facility.

UAW Takes Strike Authorization Vote Against Big 3 Automakers

25 August 2023 - Members of the United Auto Workers have empowered union leaders to call strikes, if deemed necessary, as they negotiate new contracts with General Motors, Ford and Stellantis.

JSW Steel Hoping to Buy Into Canadian Met Coal Operation

25 August 2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.

Dave Stickler, Koch Minerals & Trading Partner on Startup Rebar Mill

24 August 2023 - Koch Minerals & Trading is contributing to the US$700 million debt and equity financing that is supporting the planned Hybar LLC rebar mill in Arkansas, the company has said.

Esmark Ends Effort to Acquire U. S. Steel

23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.

Fives Wins Ternium Galvanizing Line Order

23 August 2023 - Ternium has contracted Fives to build a 600,000-metric-ton galvanizing line for its Pesquería, Mexico, flat-rolled facility, the equipment manufacturer has announced.

U.S. Commerce Department Sets Anti-Dumping Duties on Tin Mill Products

22 August 2023 - Tin mill products from China, Canada and Germany are facing preliminary anti-dumping duties as high as 122% under a U.S. Commerce Department ruling.

USW Cannot Block Sale of Company, Says U. S. Steel

18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.

Senator’s Message to U. S. Steel: Reject Any Bids From Foreign Entity

17 August 2023 - Ohio Republican Sen. JD Vance has penned a letter to United States Steel Corporation, calling on the company to reject buyout offers from foreign entities, FOX Business reports.

Multiple Offers on Table for U. S. Steel

17 August 2023 - The steelmaker has received two multibillion-dollar offers this week, from Cleveland-Cliffs and Esmark, and sources say ArcelorMittal may be weighing a bid.

Resonac Finalizes Acquisition of AMI Automation

15 August 2023 - Global graphite electrode supplier Resonac Corp. announced today that it has purchased the remaining 50% stake in its joint venture AMI Automation, bringing the automation solutions company under full ownership.

Esmark Puts in US$7.8 Billion Offer for U. S. Steel

14 August 2023 - Value-added flat-rolled steel producer Esmark Steel Group has put forth an offer to buy United States Steel Corporation (U. S. Steel) for a price of US$35 per share, according to reports this afternoon.

Grupo Simec Idles Republic Steel Operations in Ohio, New York

14 August 2023 - According to reports, Republic Steel announced it will “indefinitely idle” steelmaking operations in Canton, Ohio, and Lackawanna, N.Y., USA.

U. S. Steel Turns Down US$7.3 Billion Acquisition Bid From Cleveland-Cliffs

14 August 2023 - On Sunday, Cleveland-Cliffs Inc. revealed its proposal to buy out rival United States Steel Corporation (U. S. Steel) for US$7.3 billion, an offer that U. S. Steel has turned down, according to reports.

Nucor Signs Power Purchase Agreement With Kentucky Solar Project

08 August 2023 - Nucor Corp. on Monday announced a power purchase agreement with NextEra Energy Resources to secure 250 MW of renewable solar energy for its Kentucky steelmaking operations.

With US$700 Million in Hand, Hybar Breaks Ground on Arkansas Mill

03 August 2023 - Hybar LLC, the Dave Stickler-led rebar startup, has raised US$700 million in debt and equity financing and has broken ground for its planned rebar mill in Osceola, Ark., USA.

Global Steel Climate Council Puts Final Touches on Green Steel Standard

03 August 2023 - The Nucor Corp.-led Global Steel Climate Council has published the final version of its green steel standard.

Outokumpu Considers U.S. Expansion

03 August 2023 - Stainless steel producer Outokumpu is weighing whether to build a hot rolling mill in the U.S. as it explores options for expanding operations here.

Nucor Obtains Permit for West Virginia Sheet Mill

31 July 2023 - Nucor Corp. has received an awaited environmental permit for its US$3.1 billion West Virginia sheet mill, allowing it to begin construction.

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