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North America

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

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Gerdau Ameristeel Reports Profit for 2nd Consecutive Quarter

06 August 2010 - Gerdau Ameristeel reported net income of $46.7 million on net sales of $1.3 billion for the second quarter, and net income of $71.9 million on net sales of $2.5 billion for the six months ended June 30, 2010.

Industry Group Applauds Introduction of ENFORCE Act of 2010

06 August 2010 - Members of the Committee on Pipe and Tube Imports and its Customs Task Force applauded the introduction this week of the ENFORCE Act of 2010, legislation to end the circumvention and evasion of customs duties.

ArcelorMittal Dofasco Develops New Ultra-Low Carbon Steel Technology

06 August 2010 - ArcelorMittal has unveiled a new ultra-low carbon production technology at its Dofasco plant in Hamilton, Canada, that will allow the production of more advanced grades of automotive steel. The technology was recognized with the Leadership and Innovation Award as part of the Group's Performance Excellence Awards.

Steel Import Permits Increase 15% in July

05 August 2010 - Steel import permit applications reached a total of 2,323,000 net tons for the month of July, a 15% increase from the 2,023,000 permit tons recorded in June and a 17% increase from the June preliminary imports total, according to the latest report from AISI.

Olympic Steel Elects New Board Member

05 August 2010 - Olympic Steel, Inc.’s Board of Directors has elected the Honorable Dirk A. Kempthorne as a Director, effective immediately. Governor Kempthorne will also serve on the Nominating Committee of the Board.

Samuel Manu-Tech Reports Q2 2010 Results

04 August 2010 - Samuel Manu-Tech Inc. reported sales of $184.9 million for the three months ended June 30, 2010, an increase of 17.3% compared to Q2 2009 due to higher volumes and selling prices partially offset by the negative impact of the stronger Canadian dollar on U.S.-based sales.

Cliffs Closes Acquisition of INR Energy’s Coal Operations

03 August 2010 - Cliffs Natural Resources Inc. has closed on its previously announced acquisition of INR Energy, LLC’s coal operations in southern West Virginia. The transaction will increase Cliffs’ global coal production capacity to more than 9 million tons in 2011.

Universal Stainless Reaches Early Labor Agreement with Titusville Employees

03 August 2010 - Universal Stainless & Alloy Products, Inc. has reached a new five-year collective bargaining agreement effective October 1, 2010, with the Titusville, Pa., hourly employees represented by Local 7312-03 of the USW.

AK Steel Announces Carbon Steel Price Increase, September Surcharges

03 August 2010 - AK Steel is increasing current spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products. The company also announced that it would be adding a $350 per ton surcharge for electrical steel products shipped in September 2010.

Essar Steel Algoma, USW Ratify Collective Agreement

02 August 2010 - Essar Steel Algoma Inc. and USW L2724—the union representing the company's technical, professional, and front line management employees—have ratified a collective agreement. The new agreement came into effect August 1, 2010, for a four-year term.

Lakeside Steel to Build New Manufacturing Facility in Alabama

30 July 2010 - Lakeside Steel Inc. announced plans to build a new manufacturing facility in Thomasville, Ala. Once fully operational, the new facility is expected to add 192,000 tons of capacity, approximately doubling the company's total production capacity.

Beta Steel Changes Name to NLMK Indiana

30 July 2010 - Beta Steel is changing its name to NLMK Indiana to reflect the company’s identity and position within the corporate structure of NLMK Group, to which it has belonged since 2008.

Horsehead Provides Update on Operations at PA Plant

30 July 2010 - Horsehead Holding Corp. announced that the zinc refinery at its Monaca, Pa., facility remains on temporary shutdown pending completion of an investigation and assessment of the damage. It could take several months for production capabilities in the refining facility to be fully restored.

PTC Alliance Employees Ratify New Collective Bargaining Agreements

30 July 2010 - Employees at PTC Alliance facilities in Alliance, Ohio, and Darlington, Pa., have ratified new collective bargaining agreements. The new agreements will enable PTC Alliance to complete the sale of its assets to funds managed by Black Diamond Capital Management, which was authorized earlier this year by the U.S. Bankruptcy Court in Delaware.

Allegheny Technologies Announces Executive Appointments

30 July 2010 - L. Patrick Hassey, Chairman and CEO of Allegheny Technologies Inc., has announced that effective August 1, 2010, Richard J. Harshman will become President and Chief Operating Officer. He will report to Hassey. Dale G. Reid has been named Senior Vice President, Finance and Principal Financial Officer of ATI, also reporting to Hassey.

Allegheny Technologies Announces Q2 2010 Results

29 July 2010 - Allegheny Technologies Inc. reported net income for the second quarter 2010 of $36.4 million, or $0.36 per share, on sales of $1.05 billion. This compares favorably to last year’s Q2 net loss, including special charges, of $13.4 million, or $0.14 per share, on sales of $710.0 million.

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