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North America

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

Latest News

Toolmaker Opens Sixth North American Service Center

09 August 2016 - An industrial engineering firm has opened its sixth North American service center in support of its machine tool business.

A New Offer Emerges for U. S. Steel Canada

09 August 2016 - An entity that includes shareholders of India’s Essar Global said it has made a formal, binding offer for U. S. Steel Canada, which is operating under creditor protection while it attempts to find a buyer.

Commerce Department Sets Duties on Hot Rolled Coil Imports

08 August 2016 - The U.S. Commerce Department will impose anti-dumping duties of between 3.7 and 34.3 percent on hot rolled coil from seven countries, the department has announced.

Keystone Acquires South Carolina PC Strand Manufacturer

08 August 2016 - Keystone Consolidated Industries Inc. has acquired pre-stressed concrete (PC) strand maker Strand-Tech Martin Inc. for an undisclosed amount.

New Monitoring System Could Generate Better Steel Import Policies, Officials Say

02 August 2016 - U.S. officials stopped at ArcelorMittal Cleveland’s integrated mill on Monday to publicize an expanded steel trade monitoring system, a new tool meant to aid in the fight against unfairly traded imports.

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Reliance Steel Moves in Alaskan Distribution Market

02 August 2016 - Reliance Steel & Aluminum Co. has acquired Alaska’s largest steel distributor for an undisclosed amount, the company has announced.

Quebec Buys Into Iron Ore Development Project

28 July 2016 - The Quebec government is taking an equity stake in a Canadian direct shipping ore project, agreeing to invest CAN$125 million.

Indian Steelmakers Urge Government to Extend Import Price Floor

28 July 2016 - Indian steelmakers are pressing the government to retain the import price floor it imposed on 173 steel products earlier this year, arguing that it has helped hold back a flood of low-cost steel and improved margins.

U. S. Steel Records Another Loss, But Sees Better Results Ahead

27 July 2016 - United States Steel Corp. lost US$46 million in the second quarter due in part to losses in its tubular division, but the steelmaker said it expects conditions to continue to improve for its other businesses during the second half of the year.

ArcelorMittal Names New North American Chief Executive

27 July 2016 - ArcelorMittal veteran Robrecht Himpe has been named chief executive of ArcelorMittal North America, the steelmaker has announced.

Mitt Romney's Former Investment Firm Wants to Buy a Steel Mill

27 July 2016 - Bain Capital, the investment firm that was founded by former Republican presidential nominee Mitt Romney, is part of a consortium of lenders looking to acquire Canada’s Essar Steel Algoma, reports the online SooToday.com

Houghton Acquires Metalworking Fluids Maker

27 July 2016 - U.S.-based metalworking fluids maker Wallover Enterprises Inc. has been sold to a Gulf Oil International subsidiary for an undisclosed amount.

Commerce Department Clears the Way for Anti-Dumping Duties on Cold Rolled Steel

22 July 2016 - The U.S. Commerce Department has set final anti-dumping margins of between 1 percent and 35.4 percent on cold rolled steel from five countries – Brazil, Korea, Russia, India and the United Kingdom.

Nucor Executives See Much Potential in Texas Plate Mill Acquisition

21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.

U. S. Steel Revises Injury Reporting Policy

21 July 2016 - United States Steel Corp. is changing its injury-reporting policy to allow workers to give notification after they’ve realized an injury has occurred, the United Steelworkers union has announced.

Nucor's Profits Rise in Second Quarter

21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.

Nucor Expands Plate-Making Capabilities Through Acquisition

20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.

New Owner of Cold-Finish Equipment Manufacturer Looks to Streamline Production

20 July 2016 - Pennsylvania-based Big B Manufacturing has acquired cold-finished machine maker Hetran Inc. out of bankruptcy for US$765,000, according to reports.

There's More to Be Done on Meeting Fuel-Efficicency Standards, and Steel Still Has a Role to Play, Government Report Says

20 July 2016 - A new government report estimates that the U.S. vehicle fleet will average between 50 and 52.6 mpg in model year 2025, short of the goal laid out by the Obama administration in 2012. Nevertheless, automakers have made strides in improving fuel efficiency and can do even better.

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