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North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Carpenter Enters into Agreements on Former Dana Property
27 February 2012 - Carpenter Technology has entered into contractual agreements that will enable it to purchase approximately 50 acres of land, including four buildings, on the former site of Dana Corporation’s Reading operations.
Molycorp Reports Record Fiscal Year 2011 Results
27 February 2012 - Molycorp, Inc. announced net income attributable to common stockholders of $26.6 million on net revenues of $132.9 million for the fourth quarter, and record net income attributable to common stockholders of $117.5 million on net revenues Net revenues of $396.8 million for the full year ended December 31, 2011.
Molycorp Reports Record Fiscal Year 2011 Results
27 February 2012 - Molycorp, Inc. announced net income attributable to common stockholders of $26.6 million on net revenues of $132.9 million for the fourth quarter, and record net income attributable to common stockholders of $117.5 million on net revenues Net revenues of $396.8 million for the full year ended December 31, 2011.
Atlas Tube Partners Up to Bring Jumbo HSS Products to North America
24 February 2012 - Atlas Tube has partnered with Nippon Steel & Sumikin Metal Products Co., Ltd. (NSMP) and Mitsui & Co. Ltd. to supply Jumbo Hollow Structural Sections (HSS) to the North American market.
Allegheny Ludlum to Pay Cleanup Costs for Breslube-Penn Superfund Site
24 February 2012 - In settlement papers filed in federal district court, Allegheny Ludlum has agreed to reimburse the federal government for $535,000 of past cleanup costs at the Breslube-Penn Superfund site in Coraopolis, Pa.
Olympic Steel Reports 4th Quarter, Annual Financial Results
24 February 2012 - Olympic Steel, Inc. reported that net sales for the fourth quarter of 2011 totaled $319.9 million, its highest ever for a fourth quarter. Net sales for the year totaled $1.26 billion, a record annual revenue total and an increase of 56.7% from $805 million in 2010.
Finished Steel Imports Climb 31% in January
23 February 2012 - The U.S. imported a total of 2,546,000 net tons of steel in January, up 23% from December final data, according to the latest report from AISI. Finished steel imports were up 31% over the same period.
Contract Ratification Clears Way for Timken Investment at Faircrest
23 February 2012 - After securing a new five-year labor agreement, Timken officials announced that they plan to move forward with a $225 million investment at the Faircrest Steel Plant in Stark County, Ohio.
January World Crude Steel Production Down 7.8% vs. January 2011
22 February 2012 - World crude steel production for the 59 countries reporting to the World Steel Association stood at 116.7 million tonnes for January 2012, 7.8% lower in comparison with January 2011 and 0.3% lower than the previous month, December 2011.
AISI Moves to Capitol Hill
21 February 2012 - The American Iron and Steel Institute (AISI) has moved its headquarters to 25 Massachusetts Ave. NW, next to Union Station, with closer access to Capitol Hill.
Stainless Imports up 22% Through YTD November 2011
20 February 2012 - Total stainless imports reached 728,648 tons through YTD November 2011, a 21.8% increase compared to YTD November 2010 according to the latest report from SSINA. Total specialty steel imports (comprising stainless steel, alloy tool steel and electrical steel) reached 937,322 tons through the same period, a 22.8% increase.
December ’11 Steel Shipments Up 9.2% from November
20 February 2012 - U.S. steel mills shipped 8,085,761 net tons for the month of December 2011, a 9.2% increase from the 7,404,828 net tons shipped in the previous month according to the latest release from AISI.
Reliance Steel & Aluminum Reports 2011 Financial Results
20 February 2012 - Reliance Steel & Aluminum Co. reported net income of $67.9 million on Sales of $2.03 billion for the fourth quarter, and net income of $343.8 million on sales of $8.13 billion for the year ended December 31, 2011.
US and Canadian Service Center Shipments Show Year over Year Growth
17 February 2012 - Shipments from US and Canadian service centers continued to grow on a year-over-year basis in January 2012, according to the latest Metals Activity Report from the Metals Service Center Institute.
Steel Dynamics to Expand Production of SBQ Steels
17 February 2012 - Steel Dynamics will expand the company’s Engineered Bar Products Division in Pittsboro, Ind., with the addition of a second rolling line that will permit concurrent production of small-diameter precision and larger-diameter bars.
ALJ Announces 1st Quarter Earnings
16 February 2012 - ALJ, the parent company of Kentucky Electric Steel, reported a net profit of $1.724 million on net sales of $38.90 million for the first quarter ended December 31, 2011.
Russel Metals Reports Strong 2011 Results
16 February 2012 - Russel Metals Inc. announced earnings of $29 million on revenues of $712 million for the fourth quarter and earnings of $118 million on revenues of $2.7 billion for the full year 2011.
Air Liquide Brings New ASU Online in Louisiana
14 February 2012 - Air Liquide Large Industries U.S. LP has started up a new Air Separation Unit (ASU) at its facility in Geismar, La. to increase its supply of nitrogen, oxygen and argon to customers in a range of industries.
Siemens VAI to Supply Simetal Quantum EAF for Talleres y Aceros
13 February 2012 - Siemens VAI Metals Technologies has received an order from Mexican steelmaker Talleres y Aceros S.A. de C.V. to supply a new compact steelmaking plant with a capacity of 1.2 million tons of steel per annum for its Ixtaczoquitlan site.
Essar Steel Algoma Reports Positive 4th Quarter EBITDA
13 February 2012 - Essar Steel Algoma reported positive EBITDA of $30.2 million and a net loss of $50.8 million on sales of $490.5 million for the three month period ending December 31, 2011.
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