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North America

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

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Steel Dynamics Inc. Provides Second Quarter 2012 Earnings Guidance

18 June 2012 - Steel Dynamics Inc. provided second quarter earnings guidance somewhat lower than first quarter earnings primarily due to decreased sheet steel pricing attributable to supply-side pressures from increased imports and increased domestic steel capacity.

AK Steel Provides Second Quarter 2012 Guidance and Update on Magnetation LLC Joint Venture

18 June 2012 - AK Steel expects to generate positive net income in the second quarter of 2012, which would represent an improvement compared to its first quarter net loss. In addition, the company provided an update on its Magnetation LLC joint venture.

AK Steel Applauds WTO Decision That Chinese Duties Were Unjustified

18 June 2012 - AK Steel applauded the decision of a dispute settlement panel at the World Trade Organization that China had no legal basis to impose antidumping and countervailing duties on imports of grain oriented electrical steel from the U.S. beginning in December 2009.

U.S. and Canadian Service Center Shipment Growth Picks Up in May

18 June 2012 - Growth in May shipments of aluminum and steel accelerated in both the U.S. and Canada, an improvement from the smaller growth levels shown in April. Inventory positions improved slightly in both countries, according to the latest report from the Metals Service Center Institute.

Kloeckner Metals Announces New Light Gauge Flat Rolled Processing Facility

18 June 2012 - Kloeckner Metals announced it will build a light-gauge flat rolled processing center on the campus of ThyssenKrupp USA’s state-of-the-art carbon flat rolled mill in Calvert, Ala.

TMS International Secures Two New Mill Services Contracts in North America

18 June 2012 - TMS International Corp. has secured two new mill services contracts at greenfield sites in the U.S. and Mexico.

American Iron and Steel Institute Releases 2011 Annual Statistical Report

15 June 2012 - The American Iron and Steel Institute announced the release of its 2011 Annual Statistical Report, which provides statistical data for the United States steel industry plus a variety of selected statistical data on the Canadian, Mexican and world steel industries.

Building New Bridge With Domestic Steel a Victory for U.S. and Canadian Workers, Says USW

15 June 2012 - The United Steelworkers (USW) today lauded the announcement by the United States and Canada of a deal to build a new bridge between Windsor and Detroit, the busiest border crossing between the two countries. The deal guarantees steel made solely in the United States and Canada will be used in the construction.

The Timken Company Board Elects Diane C. Creel as Director

15 June 2012 - The Timken Company's board of directors has elected Diane C. Creel, age 63, as a director of the company, for a term that expires at the company's annual meeting in 2013.

Commercial Metals Company Announces Sale Of Certain Croatian Pipe Mill Assets

14 June 2012 - Commercial Metals Company (CMC) announced the completion of the sale to an undisclosed and unaffiliated third-party of the assets related to the welded pipe mill and seamless pipe mill of CMC's former Croatian pipe mill, CMC Sisak d.o.o., for US$6.65 million. These assets were part of the assets excluded from the sale on June 1, 2012, of CMC Sisak to Industrielle Beteiligung SA.

World Stainless Production Shrank Slightly in First Quarter

14 June 2012 - The International Stainless Steel Forum (ISSF) released preliminary data showing that stainless steel production shrank by 2.8% in the first three months of 2012. Total production was 8.6 million tonnes for the quarter, down from 8.8 million tonnes in the corresponding period of 2011. All areas showed a decrease in production in the year-on-year comparison.

ThyssenKrupp Stainless USA Names New Sales Director

14 June 2012 - ThyssenKrupp Stainless USA announced an additional director to its NAFTA commercial team. Stephen G. Davidson has joined the company’s sales and marketing group as an additional Sales Director based out of the Chicago, Ill. office.

USITC Upholds Import Duties on Certain Pipe and Tube After Five-Year Sunset Review

14 June 2012 - The U.S. International Trade Commission (USITC) determined that revoking the existing countervailing duty order on certain circular welded pipe and tube from Turkey and the antidumping duty orders on these products from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

MSA Engages Industry Veteran to Provide Melting Expertise to its Blending Optimization Clients

14 June 2012 - Management Science Associates, Inc.'s (MSA) Metals and Advanced Manufacturing Division has announced that industry veteran Stan Staron has agreed to provide consulting services to MSA's Blending Optimization Software Suite™ (BOSS) clients.

Metalico, Inc. Appoints New Vice President of Engineering and Shredder Operations

13 June 2012 - Metalico, Inc. announced the appointment of Joseph C. McGough as Vice President of Engineering and Shredder Operations for its scrap metal recycling subsidiaries and confirmed the promotion of Daniel M. Caumo to General Manager.

Nucor Announces Guidance for Its Second Quarter Earnings

13 June 2012 - Nucor Corporation announced guidance for its second quarter ending June 30, 2012. Nucor expects second quarter results to be in the range of US$0.35 to $0.40 per diluted share. This performance, excluding an expected impairment charge, is somewhat below the qualitative guidance presented in its first quarter earnings release and conference call.

Canacero Monitoring Unfair Steel Imports into Mexico

13 June 2012 - Mexico's steel and iron ore association, Canacero, has started to monitor steel imports through a new program which aims to detect and fight unfairly undervalued transactions.

Outokumpu Faces In-Depth EU Antitrust Review of Inoxum Deal

13 June 2012 - Outokumpu Oyj faces an in-depth review by European Union regulators of its bid for ThyssenKrupp AG’s Inoxum stainless steel division in a deal that would create Europe’s largest maker of the alloy.

SSAB Starts Production at Axis Expansion

13 June 2012 - SSAB announced that the US$220 million expansion of its Axis, Ala., steel mill is nearly complete and recently began production.

2011–2013 FeMET, StEEL and Premier Scholarships Awarded

12 June 2012 - The American Iron and Steel Institute (AISI) and the Association for Iron & Steel Technology Foundation's "Ferrous Metallurgy Education Today," or FeMET Initiative, and "Steel Engineering Education Link," or StEEL Scholarship program, both aimed at attracting top talent to the North American steel industry, have awarded scholarships of US$5,000 to third-year students from leading North American colleges for the 2011–2013 academic years.

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