North America

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

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ALJ Reports Third Quarter Results

16 August 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported net income of $2.5 million on revenue of $43.2 million for the third quarter and net income of $5.5 million on revenue of $116.1 million for the nine months ended June 30, 2011.

Essar Steel Algoma Reports 1st Quarter Net Income

12 August 2011 - Essar Steel Algoma reported net income of $33.2 million on revenue of $566.0 million for the fiscal first quarter ended June 30, 2011.

Essar Steel Algoma Reports 1st Quarter Net Income

12 August 2011 - Essar Steel Algoma reported net income of $33.2 million on revenue of $566.0 million for the fiscal first quarter ended June 30, 2011.

AK Steel Announces Carbon Steel Price Increase

11 August 2011 - AK Steel announced plans to increase current spot market base prices for all carbon flat-rolled steel products.

Steel Technologies to Expand Operations in Mexico

11 August 2011 - The Pesqueria Municipality in Mexico has authorized for industrial use a Greenfield site previously announced by Steel Technologies LLC as the location for its new flat-rolled steel processing and pickling operation in Monterrey.

Horsehead Reports Second Quarter 2011 Earnings

10 August 2011 - Horsehead Holding Corp. reported that consolidated net earnings were $6.3 million, or $0.14 per diluted share, for the second quarter of 2011, a 9.7% increase over the same period in 2010. This figure excludes noncash mark-to-market adjustments after taxes.

FTC Requests Additional Info Regarding Carpenter’s Acquisition of Latrobe

09 August 2011 - The U.S. Federal Trade Commission has submitted requests to both Carpenter Technology and Latrobe Specialty Metals for additional information regarding Carpenter's pending acquisition of Latrobe.

Main Steel Expands Senior Management Team

09 August 2011 - Main Steel Polishing Co., Inc. announces that Jim Stephens joins the company as Vice President of Sales and Carl "Bud" Horstmeyer joins the company as General Manager of the company’s Atlanta, Ga., facility.

Northwest Pipe Reports Q2 2011 Results

08 August 2011 - Northwest Pipe Co. announced net income of $5.4 million on net sales of $143.8 million for the second quarter, and net income of $8.9 million on net sales of $255.3 million for the first six months of 2011.

Latrobe Specialty Negotiates Wage Re-opener with Local 1537

08 August 2011 - United Steelworkers’ Local 1537 overwhelmingly approved a tentative agreement with Latrobe Specialty Metals Co. on Saturday, July 30th.

Evraz to Expand Portland Tubular Operations

08 August 2011 - Evraz Group plans to expand Evraz Inc. NA’s structural tubing facility in Portland, Ore., to add capacity to manufacture API-certified pipe. The expansion is scheduled for completion by August 2012.

Reliance Steel & Aluminum Acquires Continental Alloys & Services

04 August 2011 - Reliance Steel & Aluminum has completed its acquisition of the outstanding capital securities of Continental Alloys & Services, Inc., and certain affiliated companies.

Russel Metals Announces Strong 2nd Quarter Results

04 August 2011 - Russel Metals announced earnings of $31 million on revenues of $619 million for the second quarter, and net earnings of $64 million on revenues of $1.3 billion for the first six months of 2011.

NLMK Creates US and European Business Divisions

04 August 2011 - NLMK has created two new business divisions, NLMK Europe and NLMK USA, following the company’s July 1 acquisition of the rolling business of Steel Invest and Finance.

Steel Import Permits Down 13% in July

04 August 2011 - Steel import permit applications reached 2,447,000 net tons for the month of July, a 13% decrease from the 2,797,000 permit tons recorded in June according to the latest report from AISI.

Wheels Task Force to Develop Lightweight Steel Wheel

03 August 2011 - The Steel Market Development Institute’s Wheels Task Force will begin a project to develop a lightweight high-strength steel wheel, with a cost-effective design and manufacturing process, to showcase the benefits to automotive manufacturers and consumers.

Olympic Steel Announces Management Changes

03 August 2011 - Olympic Steel, Inc. announced a series of management changes, beginning with the promotion of Andrew S. Greiff to the newly formed position of President of Specialty Metals.

Organizations Developing Methodology for Manufacturing Low-Mass Steel Fuel Tanks

02 August 2011 - The Strategic Alliance for Steel Fuel Tanks, in collaboration with the Auto/Steel Partnership and the United States Automotive Materials Partnership, plans to develop a methodology for producing lightweight sealed steel fuel tanks with 30 to 40% mass reductions compared with current-generation sealed steel tanks.

Commercial Metals Adopts Stockholder Rights Plan

02 August 2011 - The Board of Directors of Commercial Metals Co. has adopted a Stockholder Rights Plan with a 10% threshold; stockholders with existing positions over 10% will be grandfathered.

AK Steel Announces September 2011 Surcharges

02 August 2011 - AK Steel will add a $460 per ton surcharge to invoices for electrical steel products shipped in September 2011.

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