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North America

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

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Patriot Coal Names Bennett Hatfield as CEO

24 October 2012 - Patriot Coal Corporation, a producer and marketer of coal in the eastern U.S., announced that Bennett K. Hatfield has been named President and CEO and has been appointed to the Board of Directors, effective immediately.

Preliminary September U.S. Imports Decline 9% vs. August

24 October 2012 - Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,440,000 tons of steel in September, including 1,886,000 tons of finished steel (down 9% and 8%, respectively, from August final data).

JFE Steel and Kanematsu Acquire Premium Threading Business in U.S. for US$91.5 Million

23 October 2012 - JFE Steel Corporation announced it is decided to acquire the premium threading business and related assets of U.S.-based Benoit Machine LLC through a holding company, Benoit Holding Company, which has been jointly established by JFE Steel and Kanematsu USA Inc., a wholly owned subsidiary of Kanematsu Corporation in Japan.

GM Pioneering Use of Lightweight Magnesium Sheet Metal

23 October 2012 - General Motors is testing an industry-first thermal-forming process and proprietary corrosion resistance treatment for lightweight magnesium sheet metal that will allow increased use of the high-strength alternative to steel and aluminum.

AK Steel Reports Net Loss in Third Quarter of 2012

23 October 2012 - AK Steel reported a net loss of $60.9 million for the third quarter of 2012 as challenging domestic and global economic conditions continued to weigh on shipping volumes and prices.

Carpenter Technology Reports Positive Quarterly Results

23 October 2012 - Carpenter Technology Corp. reported its results for the quarter ended 30 September 2012, noting some areas where customer demand has softened recently, but other attractive end markets where demand is strong for its ultra-premium and premium products.

Marmon/Keystone Relocates and Expands Mexico City Service Center

23 October 2012 - In response to increased demand and growth, Marmon/Keystone’s Mexico City operation has relocated to a larger facility in the Parque Industrial La Luz, about 20 miles from the heart of Mexico City.

Metals USA Reports Third Quarter Shipments 11.7% Higher Year-on-Year

22 October 2012 - Metals USA Holdings Corp. reported its results for a third quarter "characterized by a weak global business environment and no meaningful improvement in the domestic economy."

Norfolk Steel Operation to Add Temper Mill, Jobs

22 October 2012 - Norfolk Iron & Metal will be adding to its production capacity — and creating new jobs in Norfolk, Neb., along the way — in the months ahead.

Mechel Reports Suspension of Mechel Bluestone Mining Facilities

22 October 2012 - Mechel OAO reports the temporary halting of mining facilities of Mechel Bluestone in West Virginia due to high accumulated inventories of coal.

August U.S. Steel Shipments Up 5% from July

22 October 2012 - The American Iron and Steel Institute reported that for the month of August 2012, U.S. steel mills shipped 8,377,162 tons, a 5.9% increase from the 7,910,486 tons shipped in the previous month, July 2012, and a 0.9% increase from the 8,304,638 tons shipped in August 2011.

Jemison Demsey Metals Selects Butech Bliss for New Stretch Leveling CTL Line

19 October 2012 - Butech Bliss has been selected to design, manufacture, and install a new 5/8" x 96" wide heavy gauge stretch leveling cut-to-length Line for installation at Jemison Demsey Metals’ new coil processing center in Decatur, Ala.

Steelworkers Ratify Contract with ArcelorMittal

19 October 2012 - The United Steelworkers (USW) said that workers represented by 14 local unions at ArcelorMittal USA facilities have ratified a three-year contract.

AK Steel Responds to WTO Decision That Chinese Duties Violated Rules

19 October 2012 - AK Steel commended the U.S. Trade Representative for successfully defending China’s appeal of a World Trade Organization (WTO) panel decision that China had no legal basis to impose antidumping and countervailing duties on imports of grain oriented electrical steel (GOES) from the U.S. beginning in December 2009.

Insteel Industries Reports Fourth Quarter and Fiscal 2012 Results

18 October 2012 - As it announced its fiscal fourth quarter results, Insteel Industries reported demand for its products remained depressed in its fiscal fourth quarter due to continued weakness in its construction end markets.

China Loses WTO Appeal in U.S. Specialty Steel Case

18 October 2012 - China comprehensively lost an appeal on Thursday against a World Trade Organization ruling in a dispute over U.S. exports of a specialty steel product that is primarily made in the presidential battleground states of Ohio and Pennsylvania.

Nucor Reports Third Quarter 2012 Results

18 October 2012 - Nucor reported its third quarter results which reflect a continuing trend of reduced operating profits at its steel mills, most significantly in sheet and plate.

Steel Dynamics Reports Third Quarter 2012 Earnings

18 October 2012 - Steel Dynamics, Inc. announced a "commendable" third quarter performance relative to overall market demand, as the U.S. market in general remains tepid, uncertainty surrounding the strength of Europe, growth in China, and the near-term U.S. economic and political environment continues to weigh heavily on customers’ purchasing decisions, the company said.

AK Steel Announces Price Increase for Carbon Steel Products

17 October 2012 - AK Steel said today that it will increase current spot market base prices for all carbon flat-rolled steel products by $40 per ton, effective immediately with new orders.

Xinergy Receives Permits for South Fork Metallurgical Coal Project

17 October 2012 - Xinergy Ltd., a Central Appalachian coal producer, announced that its wholly-owned subsidiary, South Fork Coal Company, LLC, received requisite approvals to begin construction of its preparation plant and rail loading facility at its mid-volatility metallurgical coal project in Greenbrier County, W.Va.

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