North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
SSINA Releases February 2012 Market Data
21 May 2012 - Imports of total stainless steel in YTD February 2012 were 127,795 tons, a 0.7% increase compared to YTD February 2011, according to recently released statistical data from the Specialty Steel Industry of North America (SSINA).
Nucor to Acquire Skyline Steel
18 May 2012 - Nucor Corp. has signed a Stock Purchase Agreement to acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal, for approximately $605 million. Skyline Steel will be a wholly owned subsidiary of Nucor Corp. and will maintain its headquarters in Parsippany, N.J.
Schnitzer Provides Outlook for Q3 of Fiscal 2012
18 May 2012 - Schnitzer Steel Industries, Inc. announced its market outlook for its third quarter of fiscal 2012, noting that margins have compressed from the second quarter as a slight increase in average gross ferrous selling prices has been more than offset by higher costs of both raw materials and freight.
Canadian Trade Tribunal Initiates Inquiry into Welded Carbon Steel Pipe
18 May 2012 - The Canadian International Trade Tribunal initiated a preliminary injury inquiry into a complaint by Novamerican Steel Inc. and Bolton Steel Tube Co. Ltd. that they have suffered injury as a result of the dumping of certain carbon steel welded pipe from Chinese Taipei, the Republic of India, the Sultanate of Oman, the Republic of Korea, Thailand, the Republic of Turkey, and the United Arab Emirates, and the subsidizing of these goods from the Republic of India, the Sultanate of Oman, and the United Arab Emirates.
Excellence Award Presented to Chevrolet Volt Team for AHSS Use
18 May 2012 - The Automotive Applications Council of the Steel Market Development Institute honored General Motors’ Chevrolet Volt design and engineering team with its annual Automotive Excellence Award. The team was recognized during the Great Designs in Steel seminar for its efficient and effective use of advanced high-strength steel (AHSS) in the development of the Volt’s upper- and lower-body structures.
Sumitomo Metals’ ICI Subsidiary Celebrates 20th Anniversary of Production Start-up
17 May 2012 - Sumitomo Metal Industries subsidiary International Crankshaft Inc., the company’s Kentucky-based U.S. manufacturing and sales base for forged crankshafts, recently held a ceremony celebrating its 20th anniversary of operation.
March Steel Shipments up 1.3% from February
17 May 2012 - U.S. steel mills shipped 8,512,825 net tons for the month of March 2012, a 1.3% increase from the 8,407,343 net tons shipped in the previous month according to the latest release from AISI.
Service Center Shipments Show Small Bounce Back in April
16 May 2012 - April service center shipments of aluminum and steel were up slightly in both the U.S. and Canada, an improvement from the year-over-year declines seen in March, according to the latest report from the Metals Service Center Institute.
ThyssenKrupp Examines Options for Steel Americas Plants in Brazil, U.S.
16 May 2012 - The Executive Board of ThyssenKrupp AG informed the Supervisory Board of its decision to examine strategic options for the plants of Steel Americas in Brazil and the U.S., in parallel with further technical and commercial optimization, to which the Supervisory Board assented. The options may involve a partnership or a sale to a best owner whose strategy can better utilize the plants.
USITC to Uphold Antidumping Orders on Tin- and Chromium-Coated Steel Sheet from Japan
16 May 2012 - The U.S. International Trade Commission has determined that revoking the existing antidumping duty order on tin- and chromium-coated steel sheet from Japan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
Northwest Pipe Reports Q1 2012 Financial Results
15 May 2012 - Northwest Pipe reported that net sales for the quarter ended March 31, 2012, increased 27.6% to $142.2 million compared to $111.5 million in the same quarter in 2011. Gross profit was $16.5 million (11.6% of net sales), an increase from $14.8 million (13.2% of net sales) a year ago.
RG Steel to Restart L-Blast Furnace at Sparrows Point
15 May 2012 - RG Steel issued a release that on May 12 the company was to restart its L Blast Furnace at Sparrows Point. The L Blast Furnace had been shut down on May 9 as scheduled for a routine maintenance outage.
Canadian Agency to Investigate Dumping, Subsidizing of Carbon Steel Welded Pipe
15 May 2012 - The Canada Border Services Agency is initiating investigations into the alleged injurious dumping of carbon steel welded pipe. The Agency is also initiating investigations into the alleged injurious subsidizing of some carbon steel welded pipe from the Republic of India, the Sultanate of Oman and the United Arab Emirates.
SSINA Reports Continued Surges in Electrical Steel Imports
14 May 2012 - The Specialty Steel Industry of North America is expressing concern about surging imports of grain-oriented electrical steel, which is showing the potential for significant import increases for both value and quantity, based on year-to-date imports through March 2012.
U. S. Steel Names General Manager-Tubular Operations
14 May 2012 - United States Steel Corp. announced the promotion of Kurt A. Barshick to the position of General Manager – Tubular Operations, with responsibility for day-to-day operations at four of U. S. Steel's tubular products manufacturing facilities.
AK Steel Announces Carbon Steel Price Increase
10 May 2012 - AK Steel announces plans to increase current spot market base prices for all carbon flat-rolled steel products.
Gerdau CEO Named Steelmaker of the Year at AISTech 2012
09 May 2012 - Gerdau CEO André B. Gerdau Johannpeter was named Steelmaker of the Year at AISTech 2012 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. Winners for a number of other prestigious awards were also announced during the Conference’s annual President’s Award Breakfast.
Canadian Tribunal Initiates Inquiry on Steel Piling Pipe from China
08 May 2012 - The Canadian International Trade Tribunal has initiated a preliminary injury inquiry into a complaint of injury resulting from dumping and subsidizing of steel piling pipe from P.R. China.
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.
