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North America

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

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SSINA Reports Continued Surges in Electrical Steel Imports

14 May 2012 - The Specialty Steel Industry of North America is expressing concern about surging imports of grain-oriented electrical steel, which is showing the potential for significant import increases for both value and quantity, based on year-to-date imports through March 2012.

U. S. Steel Names General Manager-Tubular Operations

14 May 2012 - United States Steel Corp. announced the promotion of Kurt A. Barshick to the position of General Manager – Tubular Operations, with responsibility for day-to-day operations at four of U. S. Steel's tubular products manufacturing facilities.

AK Steel Announces Carbon Steel Price Increase

10 May 2012 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products.

Gerdau CEO Named Steelmaker of the Year at AISTech 2012

09 May 2012 - Gerdau CEO André B. Gerdau Johannpeter was named Steelmaker of the Year at AISTech 2012 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. Winners for a number of other prestigious awards were also announced during the Conference’s annual President’s Award Breakfast.

Canadian Tribunal Initiates Inquiry on Steel Piling Pipe from China

08 May 2012 - The Canadian International Trade Tribunal has initiated a preliminary injury inquiry into a complaint of injury resulting from dumping and subsidizing of steel piling pipe from P.R. China.

Gerdau to Replace Continuous Caster at St. Paul Facility

08 May 2012 - Gerdau plans to invest $50 million to replace the continuous caster at its St. Paul, Minn., mill. The investment will increase Special Bar Quality (SBQ) capacity by 100,000 tonnes and increase the mill’s total capacity to 550,000 tonnes.

Gerdau Announces Additional $21.6 Million Capital Investment in Michigan

08 May 2012 - Gerdau will spend an additional $21.6 million to increase its straightening and quality inspection capabilities at its North American special steel facility in Monroe, Mich.

Tenova Core Converts Vacuum Tank Degassing System for Joy Global

07 May 2012 - Tenova Core recently completed a major revamp of a vacuum tank degassing system at Joy Global’s steelmaking facility in Longview, Texas. The company was contracted for design and supply of a state-of-the-art mechanical pumping system for the vacuum degasser.

Nucor Facilities Receive Environmental Awards

07 May 2012 - Vulcraft-Texas and Century Industrial Coatings have been honored with the 2012 Texas Environmental Excellence Award for reducing VOC emissions. Nucor Steel-Berkeley has been awarded the South Carolina Manufacturers Association's "Made in SC Excellence in Corporate Responsibility Award."

Russel Metals Announces First Quarter Results

04 May 2012 - Russel Metals Inc. announced first quarter 2012 earnings of $33 million, or $0.55 per share on revenues of $803 million. These results matched the earnings in the same quarter last year and are above the fourth quarter 2011 earnings of $0.47 per share.

Finished Steel Imports Up 11% in April

03 May 2012 - Total steel import permit applications reached 3,074,000 net tons for the month of April, a 5% decrease from the 3,248,000 permit tons recorded in March according to the latest report from AISI. Import tonnage for finished steel was up 11% over the same period.

Russel Metals Completes Acquisition of Siemens Laserworks

02 May 2012 - Russel Metals Inc. has completed its acquisition of Siemens Laserworks Inc., a value-added laser processing company with trailing twelve months revenues of $33 million.

Northwest Pipe Reports Full Year 2011 Results

02 May 2012 - Northwest Pipe Co. announced its 2011 financial results including record revenues in 2011 and a return to profitability. Net sales for the year ended December 31, 2011 increased 32.3% to $511.7 million compared to $386.8 million in the prior year.

Reliance Completes Acquisition of Worthington Steel Vonore Assets

02 May 2012 - Reliance Steel & Aluminum Co., through its wholly owned subsidiary Precision Strip, Inc., has completed the acquisition of the assets of the Worthington Steel Vonore plant, a processing facility owned by Worthington Industries, Inc.

worldsteel Releases Short Range Outlook

01 May 2012 - The World Steel Association (worldsteel) released its April 2012 Short Range Outlook (SRO) for 2012 and 2013, forecasting that global apparent steel use will increase by 3.6% to 1,422 million tonnes in 2012, following growth of 5.6% in 2011. In 2013, world steel demand is forecast to grow an additional 4.5% to around 1,486 million tonnes.

ArcelorMittal May Further Increase Production at ArcelorMittal Mines Canada

30 April 2012 - Results of a scoping study have allowed ArcelorMittal has identify the potential to increase annual production of iron-ore concentrate to 30 million tonnes per annum at its ArcelorMittal Mines Canada using the facility’s existing infrastructure system.

Canadian Tribunal Initiates Expiry Review for HR Carbon Plate from China

30 April 2012 - The Canadian International Trade Tribunal has initiated an expiry review of its orders made on January 9, 2008, concerning the dumping of hot-rolled carbon steel plate from China.

Worthington Announces Succession Plan for President & COO Steel

30 April 2012 - Worthington Industries, Inc. announced that Mark A. Russell will become the next President and Chief Operating Officer of the company, effective Aug. 1, 2012, replacing George P. Stoe. Geoff G. Gilmore will replace Russell becoming the next president of Worthington Steel also on Aug. 1.

Siemens Acquires FCE Furnace Company

27 April 2012 - Siemens Industry, Inc. has signed and closed a purchase agreement to acquire 100% of the shares of FCE, LLC, a furnace company headquartered in Huntingdon Valley, Pa., that will now operate within the Metals Technologies business unit of the Siemens Industry Sector.

Timken Posts Record First Quarter, Raises Full-Year Outlook

27 April 2012 - The Timken Co. reported record sales of $1.4 billion in the first quarter of 2012, an increase of 13% over the same period a year ago. The company also generated record income of $155.7 million, or $1.58 per diluted share, compared with $112.7 million, or $1.13 per diluted share, a year ago.

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