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North America

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

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Olympic Steel Increases and Extends Asset-Based Lending Agreement

01 July 2014 - Olympic Steel Inc., a leading national metals service center, today announced that it has amended and extended its existing asset-based credit facility.

Schnitzer Steel Industries Inc. (SSI) Financial Results for Q3 FY 2014

01 July 2014 - Schnitzer Steel Industries, Inc. (SSI) reported financial results for Q3 FY 2014 (period ended May 31, 2014).

Worthington Industries Inc. Financial Results for for Q4 FY 2014 and Full-Year FY 2014

01 July 2014 - Worthington Industries, Inc. (Worthington) reported financial results for Q4 FY 2014 and full-year FY 2014 (period ended May 31, 2014).

TimkenSteel Corporation Debuts as a Public Company Following Spinoff

01 July 2014 - TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company.

AZZ Completes Acquisition of Minnesota Galvanizing Facility

01 July 2014 - Acquisition strengthens market leadership position; Increases to 36 the number of galvanizing facilities in North America

Commercial Metals Company Announces Entrance Into Fourth Amended and Restated Credit Agreement

27 June 2014 - Commercial Metals Company (NYSE: CMC) today announced financial results for its third quarter ended May 31, 2014. Net earnings attributable to CMC for the third quarter were $23.6 million, or $0.20 per diluted share, on net sales of $1.8 billion.

AMM Announces Winners of 5th Annual Awards for Steel Excellence

27 June 2014 - American Metal Market presented a total of 15 Steel Excellence Awards to 13 companies and one individual at a dinner held Tuesday, June 17 in New York celebrating best-in-class initiatives that introduced real and quantifiable change to the steel industry.

Butech Bliss Selected To Build Multi-Blanking Line For Liberty Steel

26 June 2014 - Liberty Steel, a northeast Ohio based company, has selected Butech Bliss to engineer, design, manufacture and install a state-of-the-art multi-blanking line at its North Jackson, Ohio facility.

Schnitzer Reports Third Quarter 2014 Financial Results

26 June 2014 - Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) today reported adjusted earnings per share of $0.16 and earnings per share of $0.12 for its fiscal 2014 third quarter ended May 31, 2014.

Kansas City Gets a New Tram System, Thanks to ArcelorMittal Steel

26 June 2014 - From high-speed train networks to customer product-showcases, ArcelorMittal’s rails have long had both a strong reputation and demand in Europe. Now they are increasingly being used in the US; most recently to strengthen the transport infrastructure of Kansas City in Missouri.

Essar Steel Minnesota LLC Announces Amendment to Consent Solicitation Relating to Senior Secured Notes due 2020

25 June 2014 - Essar Steel Minnesota LLC ("ESML") announced today that it is amending the terms of its previously announced solicitation of consents (the "Solicitation") from holders of its $450,000,000 aggregate principal amount outstanding of 11.500% Senior Secured Notes due 2020 (the "Notes") upon the terms and subject to the conditions set forth in Supplement No. 1 to the Notice of Consent Solicitation dated June 24, 2014 (the "Supplement").

TÜV Rheinland Opens New Metallurgical Testing Lab in Aliquippa, Pa.

25 June 2014 - TÜV Rheinland Industrial Solutions (TRIS), a full-service inspection, testing and certification company, expanded its metallurgical testing and engineering consulting services by opening a new laboratory in Aliquippa, Pa.

Latin America: Finished Steel Use Grows Only 1% While Production Remains Stable in Jan/Apr 2014

24 June 2014 - During the first 4 months of 2014, the steel market of Latin America and the Caribbean continued to reflect the weaknesses of the global and regional economies and the increasing incidence of imports.

AK Steel’s Wainscott Receives Vision Award

24 June 2014 - James L. Wainscott, chairman, president and chief executive officer of AK Steel Corp., received the 2014 Willy Korf/Ken Iverson Steel Vision Award during the Steel Success Strategies XXIX conference in New York this past week.

Purdue Today: Federal Grant to Support Purdue Calumet Center's Steel Consortium

24 June 2014 - Purdue Calumet's Center for Innovation through Visualization and Simulation (CIVS) last week received a $480,000 federal grant to launch a consortium that will benefit the steel industry.

TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting

23 June 2014 - Members of the executive management team of TimkenSteel Corporation hosted an investor meeting on 19 June to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company

Severstal North America wins national award

23 June 2014 - Severstal North America has been honored for its scrap purchase operations at the Columbus plant

Ferriola Hints at Second DRI Plant for Louisiana

23 June 2014 - A report by American Metal Market, sponsor of the New York Steel Success Strategies XXIX, organized by World Steel Dynamics, claims that American steelmaker Nucor Corporation is seriously considering a new Direct-Reduced Iron (DRI) plant in Louisiana, USA, as well as a new heat-treat line at its Tuscaloosa, Alabama, plate mill.

Essar Steel Algoma and USW Local 2724 Reach Tentative Agreement

23 June 2014 - Tentative agreement unanimously recommended by USW 2724 bargaining committee

AHMSA receives international quality certificate for CR mill No. 2

23 June 2014 - Mexican steelmaker Altos Hornos de México has received an international quality certificate for its cold rolling (CR) mill No. 2.

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