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North America

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

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Carpenter Powder Products Raises Prices

24 December 2012 - Carpenter Powder Products announced that it will increase base prices by 7% on all bar, plate, and finished Micro-Melt® (PM) tool steel products.

ALJ Regional Stockholders Approve Sale of KES Acquisition to Optima Specialty

21 December 2012 - ALJ Regional Holdings Inc. announced today that its stockholders approved the sale of KES Acquisition Company, ALJ's majority-owned subsidiary and parent company of Kentucky Electric Steel, to Optima Specialty Steel, Inc. for $112.5 million in cash.

Steel Joint Institute Announces 2012 Design Award Winners

21 December 2012 - The Steel Joist Institute is pleased to announce the winners of its 2012 Design Awards. The awards are presented in three categories – industrial, non-industrial and unique. The three winning companies received a $2,000 scholarship in their name to a school of their choice for an engineering student.

Sims Metal Management Provides First Half Fiscal 2013 Market Update

19 December 2012 - Metal recylcer Sims Metal Management has adjusted its earnings guidance due to weak intake volumes across all regions coupled with tepid demand by deep sea ferrous buyers.

U.S. Steel Shipments Up 2.7% Month-on-Month in October

19 December 2012 - The American Iron and Steel Institute (AISI) reported that for the month of October 2012, U.S. steel mills shipped 7,430,267 tons, a 2.7% increase from the 7,233,375 tons shipped in the previous month, September 2012, and a 6.3% decrease from the 7,933,653 tons shipped in October 2011.

Universal Stainless Achieves Nadcap Materials Testing Laboratory Accreditation for Bridgeville Facility

19 December 2012 - Universal Stainless & Alloy Products, Inc. announced that it has achieved Nadcap Materials Testing Laboratory accreditation at its Bridgeville, Pa., facility.

Vishay Precision Group to Acquire George Kelk Corporation

19 December 2012 - Vishay Precision Group, Inc. (VPG), a leading producer of precision sensors and systems, based on its resistive foil technology, announced the signing of a definitive agreement to acquire the assets of the privately held George Kelk Corporation of Toronto, Canada.

Nucor Announces Guidance for Fourth Quarter Earnings

18 December 2012 - Nucor said lower steel mill margins are impacting its bar and plate mills, reflecting the cumulative impact of high import levels and general economic uncertainty, while sheet mill margins are improved in the fourth quarter.

North American Service Center Shipments Down Year-on-Year in November

18 December 2012 - The slowdown in shipments from 2011 levels that has characterized the second half of 2012, resumed in November after a brief pick-up in October. Inventory to sales ratios deteriorated slightly across the board, the Metals Service Center Institute reports.

Steel Dynamics Inc. Provides Fourth Quarter 2012 Earnings Guidance

18 December 2012 - Steel Dyanamics Inc. expects fourth quarter overall steel shipments to be fairly flat in comparison to the third quarter, as increases in sheet volume are expected to be somewhat offset by decreased bar shipments as customers continue to maintain tight control over inventory.

ArcelorMittal Commissions US$63.2 Million Energy Recovery and Reuse Project

18 December 2012 - ArcelorMittal has commissioned its US$63.2 million energy recovery and reuse project, which produces 333,000 MWh of electricity per year, providing significant energy and environmental benefits to ArcelorMittal and the Northwest Indiana region.

Timken Responds to OSHA Fines

17 December 2012 - Timken Co. says its Canton steel plant has “a favorable safety record” and the company is working quickly to correct issues, the Akron Beacon Journal reports.

Report: voestalpine Mulls $1 Billion U.S. Plant

17 December 2012 - Austria's group Voestalpine is considering a plan to build a US$1 billion plant in the U.S. that would convert iron ore into concentrate used in steelmaking, Reuters reported Trend magazine as saying.

OSHA Fines Timken $170,500 After Safety Violations at Ohio Steel Mill

17 December 2012 - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has cited Timken Co. for 12 alleged safety violations, including five repeat, after conducting a complaint inspection in June at the steel mill in Canton, Ohio, which manufactures roller bearings.

ArcelorMittal and Nunavut Iron Ore Become Equal Partners in Baffinland

17 December 2012 - ArcelorMittal and Nunavut Iron Ore, Inc. have agreed that Nunavut Iron Ore will increase its interest in Baffinland Iron Mines Corporation from 30% to 50%.

Steel Stud Manufacturers Association Funds $100,000 for 2013 Industry Research

17 December 2012 - The Steel Stud Manufacturers Association announced it will fund $100,000 in 2013 for industry research. It will contribute to the American Iron and Steel Institute’s cold-formed steel framing projects including their codes, standards and technology implementation program.

Harrison Selected to Head Communications for AISI, Gravatt Moving to Mining Sector

14 December 2012 - The American Iron and Steel Institute (AISI) announced the appointment of Lisa Harrison, as senior vice president, communications, of AISI. Harrison succeeds Nancy Gravatt, who has been appointed senior vice president, communications, for the National Mining Association.

Canadian Agency Finds Threat of Injury from Standard Pipe Imports

14 December 2012 - The Canadian International Trade Tribunal found that the dumping and subsidization of standard pipe imports from a host of countries was threatening to cause injury to the domestic injury. As a result, import duties will be applied.

TMS International Elects New Executive VP and General Counsel

13 December 2012 - TMS International Corp., the parent company of Tube City IMS Corporation, announced that its Board of Directors has elected Leon Z. Heller as executive vice president, general counsel and secretary effective 1 January 2013.

ArcelorMittal USA CEO Sees Slow Growth for Steel Industry

13 December 2012 - Manufacturing, including steel and related industries, have led the U.S. out of the recession, but it will take consumers, the housing industry, employers and federal lawmakers to keep the country on the road to recovery, Mike Rippey, president and CEO of ArcelorMittal USA told Chicago-area business leaders recently, according to the Post-Tribune.

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