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North America

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

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Two Potential Buyers Said to Have Bids on U. S. Steel Canada

15 June 2016 - A private equity firm and an industrial conglomerate have entered the final stage of bidding for U. S. Steel Canada, which is operating under creditor protection as it seeks a buyer, reports The Hamilton Spectator newspaper.

Nucor Forecasts Higher Profits in Second Quarter

15 June 2016 - Nucor Corp. expects its second-quarter earnings to increase 66 percent, if not more, on rising shipments and prices, the steelmaker said on Wednesday.

Essar Steel Algoma Reconsiders Sale, Might Restructure From Within Instead

14 June 2016 - Canada’s Essar Steel Algoma Inc., which is operating under creditor protection as it looks for a buyer, said it is now exploring whether to reorganize on its own, reports The (Toronto) Globe and Mail newspaper.

Ohio Sheet Processor Expands Pickling Line's Capabilities

14 June 2016 - U.S.-based steel processor Heidtman Steel has upgraded a pickling line by adding dry lube capabilities, the company has announced.

Contract Award Probably Spells the End for Essar Steel Minnesota Project

13 June 2016 - ArcelorMittal’s new long-term pellet supply agreement with iron ore miner Cliffs Natural Resources is likely the "final nail in the coffin" for the Essar Steel Minnesota taconite project, says a columnist for the Minneapolis Star Tribune.

Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market

13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.

Cliffs Natural Resources Moves Up Restart Schedule for Idled Mine

09 June 2016 - Iron ore miner Cliffs Natural Resources will reopen an idled Minnesota mine two months sooner than planned after securing third- and fourth-quarter orders from a new customer, the company announced on Thursday.

Fives Names New President of Machine Tool Manufacturing Unit

06 June 2016 - Longtime manufacturing executive Steve Thiry has been named president of production machinery manufacturer Fives Cincinnati, the company has announced.

AHMSA Installs New Plate Normalizing Line

03 June 2016 - Altos Hornos de México S.A.B. de C.V. (AHMSA) has begun processing plates on a newly installed normalizing line at its Monclova works, according to the equipment supplier.

ArcelorMittal USA Signs Decade-Long Pellet Supply Agreement

31 May 2016 - U.S. iron ore producer Cliffs Natural Resources has signed a new 10-year pellet supply agreement with ArcelorMittal USA, which will buy up to 10 million long tons over the life of the deal.

Financing Costs, Used Auto Supply Likely to Restrain Growth in New Car Sales, Says SDI Executive

18 May 2016 - Steelmakers are continuing to look to the automotive market as source of healthy demand, but one steel executive said he’s not as bullish as others when it comes to auto sales forecasts in the U.S.

U.S. OCTG Market Remains a Good Long-Term Play, Says Tubemaker

18 May 2016 - Even with the U.S. rig count flirting with the 400 mark, TMK IPSCO chairman and chief executive Piotr Galitzine said long-term opportunities in America’s shale-based energy market remains.

Columbus Castings Files for Chapter 11 Bankruptcy

18 May 2016 - America’s largest single-site foundry and its parent company have filed for bankruptcy protection and the plant is to be sold to an unidentified buyer, according to Dow Jones Daily Bankruptcy Review.

Longhi says U. S. Steel Section 337 Case ‘Solid’

17 May 2016 - The U.S. International Trade Commission (ITC) is to decide by next week whether to pursue an investigation into U. S. Steel Corp. allegations that Chinese producers have violated trade rules. In the meantime, president and CEO Mario Longhi is refraining from speculating on the odds that the case advances.

Rainfall Hampers Start of Work on New Mill

17 May 2016 - Construction on Commercial Metals Company’s new micro-mill in Oklahoma is off to a soggy start.

(UPDATE) Nucor to Open New Joist, Decking Facility in Canada

15 May 2016 - Nucor Corp.'s joist and decking unit is setting up a fabrication shop in Canada and plans to begin producing products later this year, the company has announced.

Explosion Causes US$5 Million in Damage to Ohio Mill

10 May 2016 - North Star BlueScope Steel is continuing to produce steel following a weekend explosion and fire at its Ohio, USA, sheet mill.

American Iron and Steel Institute Names New Chairman

05 May 2016 - Nucor Corp. chairman and chief executive John Ferriola has been named chairman of the American Iron and Steel Institute.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

U. S. Steel Issuing Nearly US$1 Billion In New Bonds

03 May 2016 - United States Steel Corporation is nearly doubling the amount of new debt it plans to issue to repay maturing borrowings.

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