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North America

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

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Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings

26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.

Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion

25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.

Quebec Considers Public Investment in Tata Steel Ore Project

22 January 2016 - The Canadian province of Quebec has signed an agreement in principle with Tata Steel to buy into the company’s direct shipping ore project in the Labrador Trough, reports La Presse Canadienne news service.

Improved Metal Spreads Lift Insteel Industries Q1 Profits

21 January 2016 - U.S.-based Insteel Industries Inc.’s first-quarter profits rose nearly 62 percent to US$6.7 million, the company reported.

U. S. Steel Warns of More Job Cuts at Lone Star Plant

20 January 2016 - United States Steel Corporation is planning to curtail production and lay off nearly 700 employees at its Lone Star tubular plant in Lone Star, Texas.

Fourth Quarter Impairment Charges Cost Allegheny Technologies US$267M

20 January 2016 - Specialty steelmaker Allegheny Technologies Inc. said its fourth-quarter earnings will take a US$267 million hit from inventory charges, write-offs, and costs associated with layoffs and mill idlings.

Essar Steel Algoma to Begin Shopping Itself Around

20 January 2016 - Canada’s Essar Steel Algoma is to begin searching for a buyer or major investor in its Sault Ste. Marie, Ont., integrated mill, reports the online publication SooToday.com.

Union Continues to Bargain With Allegheny Technologies, ArcelorMittal

19 January 2016 - About a month after reaching a tentative labor deal with United States Steel Corporation, the United Steelworkers union is continuing to look for a new contract with ArcelorMittal and an end to the lockout at Allegheny Technologies Inc. (ATI).

Commercial Metals Names New Chief Operating, Financial Officers

19 January 2016 - U.S.-based Commercial Metals Company (CMC) has promoted its chief financial officer as its new chief operating officer, the company has announced.

Report: OMK Exploring Sale of U.S. Tube Mill

18 January 2016 - Russia’s United Metallurgical Co. (OMK) is looking into selling its U.S. pipe mill, which it opened three years ago to capitalize on the then-booming energy market, according to the Reuters news service.

Tenaris Trims 100 Jobs at Arkansas Mill; Blames Oil Downturn

18 January 2016 - Tube maker Tenaris is shedding approximately 100 jobs at its welded pipe mill in Blytheville, Ark., USA, due to the weak energy market, the company has announced.

Induction Heating Equipment Maker Fulfills Order for Strip Coatings Dryer

15 January 2016 - U.S.-based Ajax TOCCO Magnethermic has shipped an induction-heating dryer system to a steel strip galvanizing producer in China, the company announced.

Warren Steel's Temporary Idling Becomes Permanent

14 January 2016 - After announcing a temporary idling in November, Ohio’s Warren Steel Holdings LLC has decided to shut down permanently. The decision affects 162 employees.

U. S. Steel Names New Managers at PRO-TEC Coating, Granite City Works

14 January 2016 - A veteran United States Steel Corporation manager has been named president of its PRO-TEC Coating joint venture, the company has announced.

Primetals Wins Order for Two Continuous Casters

14 January 2016 - China’s Shandong Iron & Steel Group Rizhao Co. Ltd. has ordered two twin-strand continuous slab casters from Primetals Technologies, the company has announced.

U.S.-Based Feralloy Plans Upgrades to South Carolina Cut-to-Length Line

13 January 2016 - North American steel processor Feralloy Corp. is upgrading the cut-to-length line at its Huger, S.C., USA, facility, the vendor on the project has announced.

U. S. Steel Canada Gets the Go-Ahead to Initiate a New Sales Process

13 January 2016 - A Canadian court has signed off on U. S. Steel Canada Inc.’s plan to try, for a second time, to find a buyer, according to The Hamilton Spectator newspaper.

A New Day for Sparrows Point, and a New Name

13 January 2016 - Over the past two years, demolition crews have been razing the Sparrows Point steel works in Maryland -- once the world's largest steelmaking facility -- to make way for a redevelopment project.

Tenaris Upgrades EAF Injection System at Mexican Tube Mill

12 January 2016 - TenarisTamsa, Tenaris’ seamless tube mill in Mexico, has started up a new pneumatic carbon and lime injection system on its 160-ton electric arc furnace, the vendor on the project has announced.

New CEO Takes the Helm at TPC Wire & Cable

12 January 2016 - U.S.-based TPC Wire & Cable Corp. has named an industrial supply and services executive as its new CEO.

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