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North America

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

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SDI Cuts Ribbon on Sinton Facility

14 February 2022 - In a ceremony last week, company executives, local officials and Texas Governor Greg Abbott cut the ribbon on Steel Dynamics’ 1.2-million-square-foot facility in Sinton, Texas, USA.

Cleveland-Cliffs Reports Q4 and Full-Year 2021 Earnings

11 February 2022 - Cleveland-Cliffs Inc. today announced its 2021 full-year earnings of US$5.36 per diluted share, compared to a net loss in 2020 of $0.32 per diluted share. Fourth-quarter net income was US$1.69 per diluted share, compared to US$0.14 per diluted share for the same period in 2020.

U. S. Steel Breaks Ground on Arkansas Mill

10 February 2022 - United States Steel Corporation has broken ground on its planned electric arc furnace (EAF)-based flat-rolled mill, celebrating the start of a US$3 billion project the company says will accelerate its transformation.

The Systems Group Tapped for EVRAZ Rocky Mountain Steel EAF Upgrade

10 February 2022 - The Systems Group has received an order for new electric arc furnace (EAF) spray cooling equipment and a comprehensive engineering package for EVRAZ North America’s Pueblo, Colo., USA, operations, the supplier announced this morning.

Tenaris to Revive Heat Treating Line at Koppel Steel Works

08 February 2022 - The heat treatment line at Tenaris’ Koppel, Pa., USA, tube mill will return to operation in April after more than two years of inactivity, the steelmaker has announced.

U.S. Reaches Deal With Japan to Cut Steel Tariffs

08 February 2022 - The two countries announced on Monday the removal of tariffs on approximately 1.25 million metric tons of Japanese steel imports per year.

U. S. Steel Joins Effort to Develop Low-Carbon Industrial Hub in Northern Appalachia

07 February 2022 - United States Steel Corporation has teamed up with six major industrial players in an effort to establish a new hub for decarbonization technology in Ohio, Pennsylvania and West Virginia.

SDI Among Fortune’s Most Admired Companies

03 February 2022 - Fortune Magazine has ranked the Indiana-based steel producer among the top in the industry in its annual Most Admired Companies list.

Nucor, Vale Complete Purchase of California Steel Industries Shares

03 February 2022 - In separate statements this week, Nucor and Vale announced that the former’s purchase of the latter’s 50% equity interest in California Steel Industries (CSI) has completed.

Fortune Magazine Ranks Nucor Top of Its Industry

02 February 2022 - The magazine’s list of World's Most Admired Companies is compiled annually through a survey of nearly 4,000 executives, directors and securities analysts.

Nucor to Modernize Crawfordsville Mill With CGL, Pre-Paint Line

01 February 2022 - The steelmaker announced today that will add a construction-grade continuous galvanizing line and pre-paint line as part of a US$290 million investment in its Crawfordsville, Ind., USA, steel sheet mill.

Steel Dynamics Purchases Minority Interest in New Process Steel

01 February 2022 - Steel Dynamics Inc. (SDI) has acquired a 45% minority stake in metals processor and distributor New Process Steel, the steelmaker reported yesterday.

U. S. Steel Reports Q4 and 2021 Annual Earnings

28 January 2022 - United States Steel Corporation president and chief executive David B. Burritt said the organization is a “fundamentally different company from a year ago” as it reports record earnings in 2021.

GE to Upgrade Algoma Steel’s Power Generation Capabilities

28 January 2022 - As part of its transition to electric arc furnace steelmaking, Algoma Steel Group Inc. announced yesterday that it has awarded GE Gas Power a contract to upgrade its natural gas combined cycle power plant.

Record Earnings on the Books for Nucor

27 January 2022 - Nucor Corp. today announced higher-than-expected earnings for the quarter ending 31 December 2021.

U. S. Steel Partners With Carnegie Foundry to Accelerate Advanced Robotics

27 January 2022 - The two Pittsburgh, Pa., USA-based companies announced yesterday a strategic investment and partnership to accelerate and scale up industrial automation driven by advanced robotics and artificial intelligence, according to a press release from United States Steel Corporation.

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