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North America

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

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U. S. Steel Names General Manager-Logistics Services

18 June 2010 - United States Steel names Gerald W. Gagliano as General Manager—Logistics Services, with responsibility for overseeing all outbound rail, barge and truck operations at all domestic U. S. Steel facilities.

CISC Announces National Steel Design Award Winners

18 June 2010 - The Canadian Institute of Steel Construction announces the CISC-ICCA National Steel Design Awards winners in the categories of Architecture, Engineering, and Sustainability.

Metals Volumes Continue to Climb through May 2010

17 June 2010 - May shipments of steel and aluminum products from U.S. and Canadian metals service centers increased at double-digit rates from depressed year-ago levels, according to the latest Metals Activity Report from MSCI.

Essar Steel Algoma Reports Results for Fiscal Year 2010

17 June 2010 - Essar Steel Algoma reported a net loss of $68.4 million on sales of $464.8 million for the fourth quarter, and a net loss of $398.9 million on sales of $1,409.4 million for the fiscal year ended March 31, 2010.

Steel Dynamics Announces Second Quarter Earnings Guidance

17 June 2010 - Steel Dynamics, Inc. announced that it expects to report earnings of $0.20 to $0.25 per diluted share for the second quarter. Anticipated results reflect lower flat-rolled volumes and margins vs. the previous quarter, as well as the impact of both planned and unplanned outages.

April Steel Shipments Down 7.7% from March

17 June 2010 - U.S. steel mills shipped 7,057,660 net tons for the month of April 2010, a 7.7% decrease from the previous month and a 74.6% increase from the 4,042,457 net tons shipped in April 2009, according to the latest report from AISI.

Nucor Announces Guidance for Second Quarter Earnings

16 June 2010 - Nucor says it expects to report earnings of $0.20 to $0.25 per diluted share for its second quarter ending July 3, 2010. Results include a $47 million LIFO charge.

Nucor Steel Ads Selected by BtoB as Top Creative of the Decade

16 June 2010 - Ads created for Nucor by Eric Mower and Associates are being recognized by BtoB magazine as among the "Top Creative of the Decade".

AZZ Completes Offer for North American Galvanizing & Coatings

15 June 2010 - AZZ incorporated announces successful completion of its tender offer for all outstanding shares of common stock of North American Galvanizing & Coatings at a price of $7.50 per share.

Oates Becomes Chairman of the Board of Universal Stainless

15 June 2010 - Universal Stainless & Alloy Products President and CEO Dennis M. Oates assumes the additional post of Chairman of the Board of Directors.

Court Upholds Canadian Law, Dismisses U.S. Steel Case on Unconstitutionality

15 June 2010 - A Canadian Federal Court ruling confirms the federal government's ability and obligation to ensure foreign takeovers of Canadian companies provide real benefits to the country, and dismissing a legal challenge by U.S. Steel, which had argued the Investment Canada Act's enforcement mechanisms were unconstitutional.

USITC Determines PC Strand from China Injures U.S. Industry

11 June 2010 - The United States International Trade Commission has determined that a U.S. industry is materially injured by imports of prestressed concrete steel wire strand from China that the U.S. Department of Commerce has determined are subsidized and sold at less than fair value.

Harsco, EPA Partner on Sustainable Remediation of Former Gulf States Site

10 June 2010 - Harsco and the EPA are celebrating their innovative partnership to process stockpiled waste materials left behind when the Gulf States mill closed operations and filed for bankruptcy more than ten years ago.

Tenova Core to Revamp EAF at Ivaco Rolling Mills

10 June 2010 - Tenova Core has been contracted to revamp the 75-ton electric arc furnace at Ivaco’s steelmaking facility in L’Orignal, Ont. The project features a new upper shell and new lower shell designed to fit the existing EAF tilt platform.

AISI, Other Associations Call for Currency Reform for China

10 June 2010 - The American Iron and Steel Institute and five other North American steel industry trade associations have sent a letter to the U.S., Canadian and Mexican Trade and Finance Ministers urging “strong and coordinated” efforts to achieve “a large and sustained appreciation” of China’s currency.

Steel Technologies Announces Management Transition

09 June 2010 - Steel Technologies LLC has announced that CEO Bradford T. Ray will resign and assume an advisory role as of July 1, 2010. Michael J. Carroll will be appointed CEO and President that same date, subject to board approval on June 11.

Commerce Preliminarily Finds Subsidization of Drill Pipe from China

09 June 2010 - The Department of Commerce has announced its affirmative preliminary determination in the CVD investigation on imports of drill pipe from P.R. China, noting that Chinese exporters including mandatory respondent DP Master Group have received countervailable subsidies of 15.72%.

David Joseph Establishes Switzerland Office

09 June 2010 - The David Joseph Co. announced the opening of an international office in Switzerland, which will serve current and potential European customers, focusing on ferrous and ferro-alloy scrap, and exploring other opportunities to provide its services.

Carpenter Technology Announces New President and CEO

08 June 2010 - Carpenter Technology announces the selection of William A. Wulfsohn as the company’s new President and CEO, replacing Gregory A. Pratt, who is currently serving as interim CEO and President.

Cliffs Reviews Options Regarding Proposed KWG Takeover

08 June 2010 - Cliffs Natural Resources Inc. continues to review its options with respect to making a formal offer for the common shares of KWG Resources Inc. Cliffs may not make such an offer due to KWG’s recent disclosure that it has entered into a binding letter agreement to merge with Spider Resources Inc.

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