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North America

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

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Report: U. S. Steel Sets Up New Ownership Structure for Tubular Operations

08 March 2016 - United States Steel Corporation has created a new corporate structure for its tubular business, establishing a wholly owned subsidiary that will own its tube mills in Ohio and Alabama, reports the Pittsburgh Post-Gazette.

ATI Looks for Post-Lockout Production to Normalize in April

07 March 2016 - With a six-month lockout at an end, unionized employees at Allegheny Technologies Inc. (ATI) are to begin returning to work 13 March, the company has announced.

Striking Workers Halt Production at Mexican Plant

07 March 2016 - Unionized workers at ArcelorMittal’s Lazaro Cardenas steel works in Mexico have walked off the job, saying that the company has violated their collective bargaining agreement.

Angry Shareholders Launch Proxy Fight at Iron Ore Development Company

04 March 2016 - There’s a proxy battle afoot at Canada’s New Millennium Iron Corp. as a group of shareholders, angry about the company’s direction and declining stock price, look to replace its board of directors, reports The Northern Miner trade newspaper.

Insteel Industries Appoints New Director

02 March 2016 - A longtime North Star Steel manager and executive will be joining the board of wire reinforcing products maker Insteel Industries Inc., the company has announced.

U.S. Commerce Department Sets Duty on Cold Rolled Imports

02 March 2016 - The U.S. Commerce Department will impose preliminary anti-dumping duties on cold rolled flat steel from seven countries, including China, the department announced on 1 March.

United Steelworkers Union Accepts Allegheny Technologies Labor Agreement

02 March 2016 - By more than a 5-to-1 margin, members of the United Steelworkers union ratified a new labor deal with specialty metals producer Allegheny Technologies Inc., ending a lockout that began in August.

Judge Confirms U.S. Steel Debt Claims Against Former Canadian Subsidiary

01 March 2016 - An Ontario judge has sided with United States Steel Corporation, agreeing that the steelmaker is indeed owed more than $2.2 billion from its former Canadian subsidiary, U. S. Steel Canada (USSC).

Ohio Electrode Manufacturer Adjusts Organizational Chart, Launches Strategic Review

01 March 2016 - Graphite electrode manufacturer GrafTech International Ltd. plans to realign its two business units and is considering a sale of one of them, the Ohio-based company has announced.

U. S. Steel Pulls Out of Mill Site Redevelopment Project

01 March 2016 - In November, United States Steel Corporation announced that it was withdrawing from plans to build a new headquarters in Pittsburgh, Pa., USA. Now, three months later, it’s backing away from a deal to redevelop an old mill site along Lake Michigan.

Grupo Simec Profits Fall 25% in 2015

29 February 2016 - Mexican SBQ producer said its 2015 profits declined 25 percent due to weaker steel prices, declining shipments and higher taxes.

ATI Labor Deal Includes Profit-Sharing Plan and Health Insurance Contribution

29 February 2016 - Unionized workers at specialty steelmaker Allegheny Technologies Inc. will have to pay more for their health insurance but could share in the company’s profits, under the terms of a tentative, four-year labor deal, reports the (Pittsburgh) Tribune-Review newspaper.

CONSOL Energy Sells Metallurgical Coal Mine in Virginia

29 February 2016 - Coal and natural gas producer CONSOL Energy Inc. has agreed to sell its only operating metallurgical coal mine and other reserves for US$420 million, plus potential royalties, the company has announced.

Nucor CEO Skeptical That China Will Cut Excess Steelmaking Capacity

26 February 2016 - Unfairly traded imports, along with low oil and gas prices, have “wiped out” energy sector demand for the types of steel grades made at Nucor Steel Gallatin, Nucor Corp. chairman and CEO John Ferriola said earlier this week.

ArcelorMittal Shutters Indiana Aluminizing Line

26 February 2016 - ArcelorMittal has closed the No. 1 aluminizing line at its Indiana Harbor West plant in Indiana and is shifting production elsewhere, according to reports.

Rolling Mill Manufacturer Sets Up North American Subsidiary

26 February 2016 - France’s REDEX Group has established a North American subsidiary in an effort to improve customer service and develop new business, the company has announced.

Ford Engineer Named to U. S. Steel Board

25 February 2016 - A retired Ford Motor Co. executive has been elected to United States Steel Corporation's board of directors, the company has announced.

Obama: 'You’ll See Firm, Tough Enforcement of Existing Trade Laws'

23 February 2016 - U.S. President Barack Obama said his administration has been more aggressive than previous administrations in bringing trade actions against other countries.

Allegheny Technologies, United Steelworkers Shake Hands on Tentative Labor Deal

23 February 2016 - Union negotiators have reached a tentative, four-year agreement with specialty steelmaker Allegheny Technologies Inc., the United Steelworkers union and the company have announced.

U.S. ITC Retains Duties on Certain Chinese-Made Pipe

19 February 2016 - The U.S. International Trade Commission has agreed to retain anti-dumping and countervailing duties on seamless pipe from China.

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