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North America

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

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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.

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.

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