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North America

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

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CMC Reports Fourth Quarter and Full-Year Results

31 October 2011 - Commercial Metals Company reported a net loss of $120.3 million $1.04 per diluted share on net sales of $2.3 billion for the fourth quarter, and a net loss of $129.6 million on net sales of $7.9 billion for the full year ended August 31, 2011.

Timken Posts Strong Quarter, Raises Full-Year Forecast

28 October 2011 - Timken reported $111 million income from continuing operations on sales of $1.3 billion for the third quarter and $345.2 million income from continuing operations on sales of $3.9 billion in the first nine months of 2011.

Universal Stainless Reports Strong Third Quarter 2011 Results

27 October 2011 - Universal Stainless & Alloy Products reported net income of $3.9 million on record sales of $67.3 million for the third quarter, and net income of $13.9 million on sales of $190.4 million for the first nine months of 2011.

Allegheny Technologies Announces Third Quarter 2011 Results

27 October 2011 - Allegheny Technologies reported net income of $62.3 million on sales of $1.35 billion for the third quarter, and net income of $182.6 million on sales of $3.93 billion for the first nine months of 2011.

New Equipment Enables ThyssenKrupp Stainless USA to Produce Widths to 72 Inches

27 October 2011 - ThyssenKrupp Stainless USA has started up a hot strip annealing and pickling line and a second Sendzimir cold rolling mill at its Alabama plant.

Preliminary Steel Imports Decline 9% in September

26 October 2011 - The U.S. imported a total of 2,238,000 net tons of steel in September, down 9% from August final data according to the latest report from AISI. Finished steel imports were also down 9% through the same period.

AK Steel Reports Third Quarter 2011 Results

26 October 2011 - AK Steel reported a net loss of $3.5 million on net sales of $1,585.8 million for the third quarter and net income of $38.3 million on net sales of $4859.8 million for the first nine months of 2011.

U. S. Steel Reports 2011 3rd Quarter Results

26 October 2011 - United States Steel Corp. reported third quarter 2011 net income of $22 million, or $0.15 per diluted share, compared to a second quarter 2011 net income of $222 million, or $1.33 per diluted share, and a Q3 2010 net loss of $51 million, or $0.35 per diluted share.

Stainless Imports up 39% through YTD July 2011

25 October 2011 - Total stainless imports reached 488,826 tons through YTD July 2011, a 38.6% increase compared to YTD July 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 615,409 tons through the same period, a 37.2% increase.

September World Crude Steel Production Dips Slightly vs. August

24 October 2011 - World crude steel production for the 64 countries reporting to the World Steel Association stood at an estimated 123.57 million tonnes for September 2011, 0.8% lower than the 124.59 million tonnes reported for the previous month (August 2011) and 9.7% higher in comparison with September 2010.

Carpenter Selects Alabama as Site for Premium Products Facility

24 October 2011 - Carpenter Technology Limestone County, Ala., as the location for its recently announced new 400,000 square foot state-of-the-art manufacturing facility.

Nucor Reports Q3, Nine Months Results

21 October 2011 - Nucor reported consolidated net earnings of $181.5 million on consolidated net sales of $5.25 billion for the third quarter, and consolidated net earnings of $641.1 million on consolidated net sales of $15.194 billion for the first nine months of 2011.

AIST Presents Awards at MS&T’11 Annual Conference

21 October 2011 - AIST presented this week the prestigious Richard J. Fruehan Award, Gilbert R. Speich Award, Jerry Silver Award and Adolf Martens Memorial Steel Lecture Award during the Steel Properties & Applications Conference in Columbus, Ohio.

TMS Opens Trading Office in Tennessee

20 October 2011 - TMS International Corp. has opened a trading office in Nashville, Tenn., demonstrating the company’s long-term commitment to its customers and partners in the U.S., a company executive says.

CMC Receives Notice of Intention to Nominate Directors

20 October 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.

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