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North America

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

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Allegheny Ludlum to Pay Cleanup Costs for Breslube-Penn Superfund Site

24 February 2012 - In settlement papers filed in federal district court, Allegheny Ludlum has agreed to reimburse the federal government for $535,000 of past cleanup costs at the Breslube-Penn Superfund site in Coraopolis, Pa.

Olympic Steel Reports 4th Quarter, Annual Financial Results

24 February 2012 - Olympic Steel, Inc. reported that net sales for the fourth quarter of 2011 totaled $319.9 million, its highest ever for a fourth quarter. Net sales for the year totaled $1.26 billion, a record annual revenue total and an increase of 56.7% from $805 million in 2010.

Finished Steel Imports Climb 31% in January

23 February 2012 - The U.S. imported a total of 2,546,000 net tons of steel in January, up 23% from December final data, according to the latest report from AISI. Finished steel imports were up 31% over the same period.

Contract Ratification Clears Way for Timken Investment at Faircrest

23 February 2012 - After securing a new five-year labor agreement, Timken officials announced that they plan to move forward with a $225 million investment at the Faircrest Steel Plant in Stark County, Ohio.

January World Crude Steel Production Down 7.8% vs. January 2011

22 February 2012 - World crude steel production for the 59 countries reporting to the World Steel Association stood at 116.7 million tonnes for January 2012, 7.8% lower in comparison with January 2011 and 0.3% lower than the previous month, December 2011.

AISI Moves to Capitol Hill

21 February 2012 - The American Iron and Steel Institute (AISI) has moved its headquarters to 25 Massachusetts Ave. NW, next to Union Station, with closer access to Capitol Hill.

Stainless Imports up 22% Through YTD November 2011

20 February 2012 - Total stainless imports reached 728,648 tons through YTD November 2011, a 21.8% increase compared to YTD November 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 937,322 tons through the same period, a 22.8% increase.

December ’11 Steel Shipments Up 9.2% from November

20 February 2012 - U.S. steel mills shipped 8,085,761 net tons for the month of December 2011, a 9.2% increase from the 7,404,828 net tons shipped in the previous month according to the latest release from AISI.

Reliance Steel & Aluminum Reports 2011 Financial Results

20 February 2012 - Reliance Steel & Aluminum Co. reported net income of $67.9 million on Sales of $2.03 billion for the fourth quarter, and net income of $343.8 million on sales of $8.13 billion for the year ended December 31, 2011.

US and Canadian Service Center Shipments Show Year over Year Growth

17 February 2012 - Shipments from US and Canadian service centers continued to grow on a year-over-year basis in January 2012, according to the latest Metals Activity Report from the Metals Service Center Institute.

Steel Dynamics to Expand Production of SBQ Steels

17 February 2012 - Steel Dynamics will expand the company’s Engineered Bar Products Division in Pittsboro, Ind., with the addition of a second rolling line that will permit concurrent production of small-diameter precision and larger-diameter bars.

ALJ Announces 1st Quarter Earnings

16 February 2012 - ALJ, the parent company of Kentucky Electric Steel, reported a net profit of $1.724 million on net sales of $38.90 million for the first quarter ended December 31, 2011.

Russel Metals Reports Strong 2011 Results

16 February 2012 - Russel Metals Inc. announced earnings of $29 million on revenues of $712 million for the fourth quarter and earnings of $118 million on revenues of $2.7 billion for the full year 2011.

Air Liquide Brings New ASU Online in Louisiana

14 February 2012 - Air Liquide Large Industries U.S. LP has started up a new Air Separation Unit (ASU) at its facility in Geismar, La. to increase its supply of nitrogen, oxygen and argon to customers in a range of industries.

Siemens VAI to Supply Simetal Quantum EAF for Talleres y Aceros

13 February 2012 - Siemens VAI Metals Technologies has received an order from Mexican steelmaker Talleres y Aceros S.A. de C.V. to supply a new compact steelmaking plant with a capacity of 1.2 million tons of steel per annum for its Ixtaczoquitlan site.

Essar Steel Algoma Reports Positive 4th Quarter EBITDA

13 February 2012 - Essar Steel Algoma reported positive EBITDA of $30.2 million and a net loss of $50.8 million on sales of $490.5 million for the three month period ending December 31, 2011.

Severstal NA Honored by SMA for Zero Lost Time Accidents at Severstal Columbus

10 February 2012 - The Steel Manufacturers Association (SMA) has selected Severstal North America to receive a safety award in recognition of Zero Lost Time Accidents (LTA) at the company’s Columbus, Miss., facility.

Timken, USW Local 1123 Reach New Tentative Agreement

09 February 2012 - The Timken Company and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement on a five-year contract, subject to a member ratification vote within the next two weeks.

Cliffs to Dissolve Michigan Iron Nuggets Joint Venture with Kobe Steel

08 February 2012 - Cliffs Natural Resources Inc. has announced plans to dissolve its Michigan Iron Nuggets Joint Venture with Kobe Steel.

NLMK USA Sets New Records in Production and Quality

07 February 2012 - NLMK’s plant at NLMK Indiana has ended 2011 setting 10 new production records, including the production of a new annual tonnage record for the meltshop of 672,756 cast tons with an average tap-to-tap time of 71.31 minutes. Capacities were running at over 90%.

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