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North America

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

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ArcelorMittal takes home “Best Innovation – Process” award at American Metal Market’s fifth annual Awards for Steel Excellence ArcelorMittal Wins “Best Innovation – Process” Award at AMM’s Fifth Annual Awards for Steel Excellence

20 June 2014 - ArcelorMittal proudly accepted the ‘Best Innovation – Process’ award at American Metal Market’s fifth annual Awards for Steel Excellence held June 17 at The Edison Ballroom at New York City.

SSAB Considers Expanding Iowa Facility

20 June 2014 - The potential expansion would increase melting and casting capabilities by up to 1.2 million tons above current melting capacity. This represents roughly an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSAB’s Mobile facility for rolling and finishing.

AK Steel Provides Second Quarter 2014 Guidance

20 June 2014 - AK Steel provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results.

Nucor Announces Guidance For Its Second Quarter Earnings

20 June 2014 - Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 5, 2014. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share.

AMM Article: DRI Output to Soar by 2020: Midrex

20 June 2014 - Midrex Technologies Inc. expects direct-reduced iron (DRI) output in the United States to surpass 10 million tons annually "sometime near the end of the decade," director of marketing Henry P. Gaines said.

Magnetation Celebrates Inaugural Shipment of Iron Ore Concentrate to Pellet Plant

20 June 2014 - Magnetation celebrated today the arrival of the first of six new unit trains being manufactured specifically to move iron ore concentrate to its pellet plant in Reynolds, Indiana.

MMFX Hires New Regional Sales Manager

19 June 2014 - MMFX® Steel Corporation of America has appointed Steve Spragale as the new regional sales manager for the Northeast region. Spragale will be responsible for the growth of acceptance, use and marketing of MMFX products throughout the Northeastern U.S. market.

CMC Closes Agreement for Purchase and Sale of Assets with Newell Recycling

19 June 2014 - Commercial Metals Company (NYSE: CMC) announced today that on June 13, 2014, Commercial Metals Company, through its wholly-owned subsidiary, Structural Metals, Inc. (collectively, "CMC"), completed the transaction for the purchase of substantially all of the assets of Newell Recycling of San Antonio, LP ("Newell Recycling") located at 726 Probandt Street San Antonio, Texas, pursuant to a definitive Agreement for the Purchase and Sale of Assets by and among CMC, Newell Recycling and John R. Newell.

POSCO Wins 'World's Most Competitive Steelmaker' Award

18 June 2014 - POSCO received the "World's Most Competitive Steelmaker Award" for the fifth consecutive year from renowned steel market information provider World Steel Dynamics (WSD), the company said Tuesday.

No One Should Doubt Steel Remains Auto Material of Choice, Mittal Says

18 June 2014 - Steel has all the capability to remain the preferred material for the automotive industry, ArcelorMittal chairman and CEO Lakshmi Mittal said yesterday.

Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend

18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.

AMETEK Specialty Metal Products Names Two New Operations Directors

18 June 2014 - Michael Royer Named Operations Director for Hamilton Precision Metals; Frank Bologa Joins AMETEK as Operations Director for Reading Alloys

Essar Steel Algoma Inc. Announces Discussions with Noteholders

17 June 2014 - As part of Essar Steel Algoma Inc.'s ("Algoma") refinancing and recapitalization efforts, Algoma has entered into confidential discussions with investors representing approximately seventy per cent of the 9.875% US$385mn senior unsecured notes.

AHMSA Sets New Monthly Shipment Record in May

17 June 2014 - Altos Hornos de Mexico recorded monthly shipments of finished steel totaling 351,398 tonnes in May.

ASB’s Newly Modernized Mesta Roll Grinder Delivers Superior Performance

16 June 2014 - ASB’s Newly Modernized Mesta Roll Grinder Delivers Superior Performance

Janus Automation Signs Agreement to Represent Lap Laser in Latin America

16 June 2014 - Janus Automation is announcing its agreement to represent LAP Laser in Mexico and South America.

Timken Announces Record Date and Distribution Date for Spinoff of Steel Business

16 June 2014 - Timken Shareholders to Receive TimkenSteel Shares as a Pro-rata Dividend

AIST Recognized at Trade Show Executive's (TSE) Fastest 50 Awards & Summit

13 June 2014 - The Association for Iron & Steel Technology (AIST) was honored at the "TSE Fastest 50 Awards & Summit" on 20–22 May 2014 at the Hyatt Regency Chicago in Chicago, Ill., USA.

AISI Releases May SIMA Imports Data, Import Market Share 27 percent in May

12 June 2014 - Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of May total 3,950,000 net tons (NT)*.

Alpha Natural Resources Affiliates Recognized for Safety Performance

11 June 2014 - Alpha Natural Resources (NYSE: ANR), a leading U.S. coal supplier, today announced that four of its affiliate operations received the Holmes Safety Award from the state of West Virginia for their safety accomplishments.

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