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North America

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

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Steel Dynamics Reports 2nd Quarter 2011 Results

19 July 2011 - Steel Dynamics reports net income of $99 million on net sales of $2.1 billion for the second quarter.

Reliance to Acquire Continental Alloys & Services

15 July 2011 - Reliance Steel & Aluminum Co. has reached an agreement to purchase all of the outstanding capital securities of Houston, Tex.-based Continental Alloys & Services, Inc. and certain affiliated companies. The transaction is expected to be finalized within 30 days.

Steel Dynamics Names Rinn Executive VP of Metals Recycling

15 July 2011 - Steel Dynamics announces the appointment of Russell B. Rinn as Executive Vice President of Metals Recycling and President and Chief Operating Officer of OmniSource Corp.

Severstal North America to Receive $730 Million Loan from DOE

14 July 2011 - Severstal North America has received a conditional commitment for a $730 million loan from the U.S. Department of Energy.

Domestic Stainless Producers Respond to ITC’s Mixed Findings

12 July 2011 - The Specialty Steel Industry of North America issued a statement in response to the U.S. International Trade Commission’s sunset-review determinations this week regarding stainless steel sheet and strip from Germany, Italy, Japan, Korea, Mexico, and Taiwan.

ITC Makes Decision on Stainless Steel Sheet and Strip from Multiple Countries

11 July 2011 - The U.S. International Trade Commission has determined that revoking the existing countervailing duty order on stainless steel sheet and strip from Korea and the existing antidumping duty orders on stainless steel sheet and strip from Japan, Korea, and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

ALJ Releases Third Quarter 2011 Revenue Performance

11 July 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $43.3 million the third quarter and revenues of $116.2 million for the nine months ended June 30, 2011.

Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards

07 July 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.

Finished Steel Import Permits Up 15% in June

07 July 2011 - Steel import applications reached 2,734,000 net tons for the month of June, a 2% increase from the May preliminary imports total of 2,692,000 net tons according to the latest report from AISI.

Butler Works EAF Sustains Damage in AK Steel Incident

06 July 2011 - The #5 electric arc furnace at AK Steel’s Butler Works sustained some damage on July 1 when molten steel inside the furnace broke through the furnace shell, causing damage to the furnace and some of its components.

SSAB Appoints New Head for SSAB Americas, SSAB EMEA

06 July 2011 - SSAB has appointed Charles Schmitt as the new head of SSAB Americas, and Melker Jernberg as the new head the SSAB EMEA Business Area.

AK Steel Announces August 2011 Surcharges

05 July 2011 - AK Steel says it will add a $455 per ton surcharge to invoices for electrical steel products shipped in August 2011.

Schnitzer Reports Strong Third Quarter Fiscal 2011 Results

01 July 2011 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $1.17 for its fiscal 2011 third quarter ended May 31, 2011.

USW Reaches Tentative Labor Agreements with Allegheny Technologies Facilities

01 July 2011 - The United Steelworkers has reached tentative four-year agreements with ATI Allegheny Ludlum and ATI’s Albany, Ore., titanium operations.

Tenova Goodfellow Wins Award for new BOF Slop Detection System

30 June 2011 - Tenova Goodfellow Inc. recently received an Award of Excellence for the company’s installation and commissioning of their Slop Detection System Technology on five BOF vessels at (Riva Group) ILVA, Taranto, Italy.

Study Highlights Importance of Life Cycle Emissions in Assessing Future Vehicles

29 June 2011 - A study just released by the Low Carbon Vehicle Partnership demonstrates that emissions other than tailpipe emissions are significant and need to be included in future vehicle regulations.

Wolverine Tube Exits Chapter 11

29 June 2011 - Wolverine Tube, Inc. has emerged from Chapter 11 bankruptcy protection effective June 28, 2011, pursuant to a Plan of Reorganization approved by the U.S. Bankruptcy Court for the District of Delaware.

Cliffs Names Senior Vice President, Global Coal

28 June 2011 - Cliffs Natural Resources announces that David Webb will join the organization as Senior Vice President, Global Coal, effective July 18, 2011.

Hrusovsky Officially Takes Over as Essar Steel Algoma CEO

28 June 2011 - Having received final regulatory approval, James Hrusovsky has officially assumed the role of CEO of Essar Steel Algoma Inc.

Carpenter Technology Acquires Oilfield Alloys

28 June 2011 - Carpenter announced the acquisition of Singapore-based Oilfield Alloys Pte. Ltd., a manufacturer and distributer of directional drilling equipment in the Asia-Pacific region.

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