North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
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.
Preliminary Steel Imports Up 7% in March
26 April 2012 - The U.S. imported a total of 2,899,000 net tons of steel in March, up 7% from February final data according to the latest report AISI. Finished steel imports were up 4% through the same period.
AK Steel Reports Financial Results for First Quarter of 2012
26 April 2012 - AK Steel reported a net loss of $11.8 million on net sales of $1,508.7 million for the first quarter of 2012.
Grand Blanc Processing Contracts Tenova Core for STC® Furnace
26 April 2012 - Tenova Core has recently been contracted to provide the turnkey supply of a STC® (Short Time Cycle) furnace at Grand Blanc’s wire processing facility located in Holly, Mich.
United States Steel Reports 2012 First Quarter Results
25 April 2012 - United States Steel Corp. reported a net loss of $219 million on net sales of $5.172 billion for the first quarter of 2012.
AK Steel's Coshocton Works Recognized for Outstanding Safety Performance
25 April 2012 - The Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene has recognized AK Steel's Coshocton Works for operating 2,952,729 hours without a lost-time injury between February 20, 2008 and August 5, 2011.
