North America

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

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U. S. Steel Announces Executive Appointments

02 August 2011 - United States Steel announced two executive appointments in its corporate risk management and finance organizations; both appointments are effective immediately.

ATI Operations, USW Reach Tentative Agreement

02 August 2011 - United Steelworkers, ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations have reached tentative four-year agreements covering approximately 3,000 employees.

Universal Stainless Reports Strong Second Quarter 2011 Results

01 August 2011 - Universal Stainless & Alloy Products reported net income of $5.5 million on sales of $63.3 million for the second quarter, and net income of $9.97 million on sales of $123.1 million for the first six months of 2011.

Reliance Steel & Aluminum Reports 2nd Quarter Results

01 August 2011 - Reliance Steel & Aluminum reported net income of $98.7 million on sales of $2.05 billion for the second quarter and net income of $191.0 million on sales of $3.96 billion for the six months ended June 30, 2011.

Severstal Columbus Signs $350 Million Revolving Credit Facility

29 July 2011 - Severstal Columbus has signed a $350 million syndicated revolving credit facility, proceeds of which will be used, among other things, to refinance an existing $150-million revolving credit facility.

Carpenter Technology Reports Fourth Quarter Results

29 July 2011 - Carpenter Technology reported net income attributable to Carpenter of $25.5 million on net sales of $483.6 million for the fourth quarter, and net income attributable to Carpenter of $71.0 million on net sales of $1.675 billion for the full year fiscal 2011.

Timken Posts Second Quarter Earnings

29 July 2011 - The Timken Co. reported $121.5 million income from continuing operations on sales of $1.3 billion for the second quarter of 2011.

Preliminary Finished Steel Imports Increase 5% in June

29 July 2011 - The U.S. imported 2,110,000 net tons of finished steel in June, up 5% from May final data according to the latest report from AISI.

Reliance Steel & Aluminum Announces New Credit Facility

28 July 2011 - Reliance Steel & Aluminum has amended and restated its existing $1.1 billion unsecured revolving credit facility for five years and increased the size to $1.5 billion.

China Steel Installs Jet Edge Waterjet Cutting Machine

28 July 2011 - China Steel, a custom fabrication and machine shop in Sault Ste. Marie, Ont., recently added a 90KSI Jet Edge waterjet cutting machine capable of cutting most materials up to 24 x 13 ft.

Cliffs Natural Resources Reports Second Quarter 2011 Results

28 July 2011 - Cliffs Natural Resources reported net income attributable to Cliffs' common shareholders of $408 million on record consolidated revenues of $1.8 billion for the second quarter ended June 30, 2011.

Allegheny Technologies Announces Second Quarter 2011 Results

28 July 2011 - Allegheny Technologies reported net income of $64.0 million on sales of $1.35 billion for the second quarter, and net income of $120.3 million on sales of $2.58 billion for the first six months of 2011.

Timken, Partners Break Ground on Wind Energy R&D Center

27 July 2011 - Timken, Stark State College and the Stark County Port Authority officially broke ground this week on a Wind Energy Research and Development Center, America's first R&D center for large wind-turbine gearbox systems.

USW Members Reject New Contract at ATI

27 July 2011 - United Steelworkers members have rejected a four-year contract with Allegheny Technologies that would have covered represented employees at ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.

AK Steel Reports Second Quarter 2011 Results

27 July 2011 - AK Steel reported net income of $33.1 million on net sales of $1,791.9 million for the second quarter and net income of $41.8 million on net sales of $3,373.0 million for the first six months of 2011.

Metals USA Reports Q2 Sales and Volume Growth

26 July 2011 - Metals USA Holdings Corp. reported net sales for the second quarter of 2011, ended June 30, 2011, of $505.6 million, up 51% from a year ago. Net income for the second quarter was $21.5 million compared to $2.5 million for the same period in 2010.

U.S. Steel Reports 2011 Second Quarter Results

26 July 2011 - United States Steel reported net income of $222 million on net sales of $5.12 billion for the second quarter, and net income of $136 million on net sales of $9.98 billion for the first six months of 2011.

Horsehead Prices Offering of Convertible Notes

25 July 2011 - Horsehead Holding Corp. has priced its offering of $80,000,000 aggregate principal amount of its convertible senior notes due 2017 in a private placement.

Nucor to Support 20 Veterans through CDS Warrior SALUTE Program

25 July 2011 - Nucor Corp. has entered into a partnership with Continuing Developmental Services, Inc. and the CDS Warrior SALUTE Program that will allow it to support 20 veterans throughout 2012 with services such as therapy and vocational training.

Nucor Reports 2nd Quarter Results

22 July 2011 - Nucor announced consolidated net earnings of $299.8 million on consolidated net sales of $5.11 billion for the second quarter, and consolidated net earnings of $459.6 million on consolidated net sales of $9.94 billion for the first six months of 2011.

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