North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Essar Steel Algoma Secures Extension to Revolving Credit Agreement
20 June 2012 - Essar Steel Algoma Inc. announced it has entered into an amendment of its US$350 million revolving credit agreement. The revolving credit agreement originally matured on June 20, 2012 and the amendment provides for an extension to the maturity date to the earlier of September 20, 2012.
Evraz Plans US$6 Billion Spend to Meet Global Steel Demand
19 June 2012 - Russian steel and mining group Evraz Plc set out plans for US$6 billion of capital spending through the next four years as it seeks to meet growing global demand for railways and pipelines, particularly in North America.
Praxair and Midrex Sign Strategic Alliance to Commercialize Technology to Produce DRI Using Alternative Fuels
19 June 2012 - Praxair, Inc. and Midrex Technologies Inc. have signed an alliance agreement to develop and market new process technology for the production of DRI with a variety of fuels such as coke oven gas.
NanoSteel Announces Breakthrough in Steel Design for Automotive Light-Weighting
19 June 2012 - The NanoSteel® Company announced the development of new advanced high-strength steels with exceptional combinations of strength and ductility for automotive structures.
Marmon/Keystone Canada Increases Cutting Capabilities in Alberta
19 June 2012 - Marmon/Keystone Canada's Leduc, Alberta facility recently added a new Amada CMB 150 cold cut production saw with a 6" OD capacity to its already comprehensive cutting capabilities.
AISI: New International Trade Crossing Is Product of Innovative Joint Agreement Between the U.S. and Canada
18 June 2012 - The American Iron and Steel Institute (AISI) lauded an agreement between the U.S. and Canada to build the New International Trade Crossing bridge, a development that the North American steel industry and its major customers groups have aggressively advocated for over the past five years.
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.
