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North America

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

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SMS Meer Modernizes Mill for Nucor in ‘Record Time

22 April 2010 - SMS Meer has modernized a finishing mill for Nucor Steel Darlington, S.C., in five weeks. The new continuous finishing mill allows shorter stand changing times as well as reduced setup and adjustment times.

AK Steel to Make Pension Trust Fund Contribution

22 April 2010 - AK Steel’s board of directors has authorized the company to make a $35 million contribution to its pension trust fund. The contribution will be made during the second quarter.

AK Steel Reports Q1 Financial Results

21 April 2010 - AK Steel reports net income of $1.9 million ($0.02 per diluted share of common stock) for the first quarter of 2010, compared to a net loss of $73.4 million ($0.67 per diluted share) for the same period a year ago.

March World Crude Steel Output More than 30% above Last Year

21 April 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 120.31 million tonnes in March 2010 — an 11.2% increase from the previous month (February 2010) and a 30.6% increase vs. March 2009.

Commercial Metals Announces Two Executive Appointments

21 April 2010 - Commercial Metals Co. has appointed Joseph Alvarado as Executive Vice President and Chief Operating Officer of CMC, and Tracy L. Porter as Vice President of CMC and President of the CMC Americas Division. Alvarado begins his new role on April 30; Porter's new role is effective April 19.

California Steel Industries Posts Improved Q1 Results

21 April 2010 - California Steel Industries reports sales revenues of $232.7 million for the period ended March 31, 2010, compared to $147.1 million for the year-ago first quarter. Net income for the period is $10.4 million, an improvement from last year's net loss of $15.3 million in the first quarter.

U. S. Steel Selects New General Manager-Raw Materials

20 April 2010 - United States Steel Corp. has named Marc F. Stoken as the General Manager-Raw Materials effective April 1. He is responsible for overseeing all raw materials purchasing activities for U. S. Steel's North American operations.

U.S., Canadian Steel Shipments See Double-Digit Increases for March

20 April 2010 - Shipments of steel products from U.S. metals service centers in March totaled 3.21 million tons, a 24.0% increase from a year ago, according to the latest Metals Activity Report from the Metals Service Center Institute. In Canada, March steel shipments totaled 516,400 tons—15.9% more than the same month a year ago.

Steel Dynamics Reports Stronger Q1 Earnings

20 April 2010 - Steel Dynamics reports net income of $65 million on net sales of $1.6 billion for the first quarter of 2010.

PTC Alliance Obtains Court Approval of Asset Sale

19 April 2010 - The U.S. Bankruptcy Court has authorized the sale of substantially all of PTC Alliance’s assets in the U.S. and the stock of its non-debtor German subsidiary, Wiederholt GmbH. The sale to agents of the company's credit facilities supported by funds managed by Black Diamond Capital Management LLC was authorized at a hearing on April 14, 2010.

February Steel Shipments Down 4.1% from January

19 April 2010 - U.S. steel mills shipped 6,311,076 net tons for the month of February 2010, a 4.1% decrease from the 6,579,808 net tons shipped in the previous month according to the latest report from AISI.

EPA Settles with Alro Steel for Chemical Inventory Reporting Violations

19 April 2010 - U.S. Environmental Protection Agency Region 5 recently settled a case of hazardous chemical reporting violations involving Alro Steel Corp. The consent agreement and final order applies to Alro facilities in Lansing, Mich.; Melrose Park, Ill.; and Indianapolis and Fort Wayne, Ind.

AISI Praises Climate Change Letter Sent by Manufacturing States Senators

16 April 2010 - AISI expresses gratitude to Sens. Sherrod Brown, Debbie Stabenow, Carl Levin, Robert Casey, Arlen Specter, Mark Warner, Claire McCaskill, Evan Bayh and Kay Hagan for their extensive efforts to ensure that climate legislation under development promotes manufacturing competitiveness, maintenance of jobs and reduction of global greenhouse gas emissions.

Lake Erie Plant Employees Ratify New Collective Bargaining Agreement

16 April 2010 - United Steelworkers Local Union 8782 has ratified a new three-year labor contract for employees at U. S. Steel Canada Inc.'s Lake Erie Plant.

Metals USA to Redeem Senior Floating Rate Toggle Notes

15 April 2010 - Metals USA Holdings announced plans to redeem all of its outstanding Senior Floating Rate Toggle Notes due 2012.

Lakeside Steel Provides Q4 Operations Update

15 April 2010 - Lakeside Steel reports shipments of 39,916 tons for the fourth quarter ended March 31, 2010 — a 70% improvement over the previous quarter (3Q10) as well as a 70% improvement over the year-ago fourth quarter.

Cliffs Names New Executive Vice President

14 April 2010 - Cliffs Natural Resources Inc. has appointed P. Kelly Tompkins as Executive Vice President – Legal, Government Affairs and Sustainability, which is a newly created role. He will officially join Cliffs on May 3, 2010.

Nucor Berkeley to Start up QMOS MES System from Quad Infotech

14 April 2010 - Quad Infotech completes installation of a [QMOS] MES system at Nucor-Berkeley, Nucor’s beam mill in Huger, S.C.

Commerce Finds Dumping of OCTG from China

14 April 2010 - The U.S. Department of Commerce announced on April 9 its affirmative final determination in the antidumping duty investigation on imports of oil country tubular goods from P.R. China. Commerce determined that Chinese producers/exporters have sold OCTG in the United States at margins ranging from 29.94 to 99.14%.

Universal Stainless Announces Resignation of CFO

13 April 2010 - Richard M. Ubinger has submitted his resignation as Vice President of Finance, Chief Financial Officer, and Treasurer of Universal Stainless & Alloy Products, Inc. effective April 30, 2010. Ronald Hauck, who joined the company as Controller in 2005, will serve as principal financial officer on an interim basis through the conclusion of the search process.

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