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North America

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

Latest News

SMA Applauds Senate Passage of Highway Trust Fund Bill

04 August 2014 - The Steel Manufacturers Association (SMA) commends the U.S. Senate for passing H.R. 5021 and funding the Highway Trust Fund with US$11 billion through May 2015.

Gerdau Sees Continued Demand Growth in North America

01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.

Severstal NA's Results a 'Testament to Transformation' Taking Place at Company

01 August 2014 - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of Severstal, reported another strong financial performance in the second quarter of 2014.

Altra Industrial Motion Acquires Guardian Industries

01 August 2014 - Altra Industrial Motion Corp., a global manufacturer and marketer of electromechanical power transmission and motion control products, announced the acquisition of Guardian Industries Inc.

Schenck Process’ LegalWeight Rail Scale Receives NTEP Certification and Legal-for-Trade Status

01 August 2014 - Schenck Process, a global market leader of measuring and process technology solutions, announced its railcar weighing system has achieved legal-for-trade status in North America.

TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors

31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.

Leeco Steel Names Vice President of Purchasing

31 July 2014 - Leeco Steel, one of the largest suppliers of steel plate in North America, has appointed Ryan Murphy as vice president of purchasing.

SteelBenchmarker: HRB Price Stagnation Continues

31 July 2014 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 28 July 2014 increased 0.1% to US$742 per metric ton for the second consecutive time.

U. S. Steel Posts US$18 Million Net Loss in Second Quarter

30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.

Sheri H. Edison Named to AK Steel's Board of Directors

30 July 2014 - Sheri H. Edison has been elected to AK Steel’s Board of Directors, effective 1 August 2014.

Carpenter Reports Improving Quarterly Results

30 July 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.

AISI: Preliminary Count Shows U.S. Imports Dropped 11% in June

30 July 2014 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,586,000 tons of steel in June 2014, including 2,706,000 tons of finished steel (down 11.1% and 8.0%, respectively, vs. May final data).

GrafTech Reports Results in Challenging Environment

30 July 2014 - As it reported its quarterly financial results, GrafTech International said that it expects to operate its graphite electrode facilities at full capacity in the second half of the year.

AK Steel Reports Improved Second Quarter Results

29 July 2014 - AK Steel reported its financial results for the second quarter of 2014.

AIIS: U.S. Steel Imports Decline 11% in June

29 July 2014 - U.S. steel imports dropped more than 11% in June 2014, the first monthly decline since March 2014, according to government data analyzed by the American Institute for International Steel (AIIS).

Reliance Steel Reports Record Quarterly Sales in Q2

29 July 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.

SunCoke Energy Inc. Reports Second Quarter 2014 Results

28 July 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.

SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year

25 July 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.

SunCoke Energy Inc. Provides Update on Coal Mining Divestiture

25 July 2014 - On 17 July 2014, SunCoke Energy Inc.’s Board of Directors authorized the sale or other disposal of its Coal Mining business. It currently anticipates a transaction by year-end 2014.

U.S. Will Not Sunset Duties on Steel Threaded Rod

25 July 2014 - The U.S. International Trade Commission determined that revoking the existing antidumping duty order on steel threaded rod from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

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