North America

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

Latest News

January Steel Shipments Up 9% from December

17 March 2010 - U.S. steel mills shipped 6,579,808 net tons for the month of January 2010, a 9.0% increase from the previous month according to the latest report form AISI.

United States Steel Announces Pricing on Senior Notes Offering

17 March 2010 - United States Steel Corp. announced the pricing of its public offering of $600 million aggregate principal amount of 7.375% Senior Notes due 2020. The notes were priced at 99.125% of the principal amount.

Nucor Announces Guidance for First-Quarter Earnings

17 March 2010 - Nucor Corp. announced guidance for its first quarter ending April 3, 2010. The company expects first-quarter results to be in the range of ($0.05) to $0.05 per diluted share, compared to a loss of $0.60 per diluted share in the first quarter of 2009 and earnings of $0.18 per diluted share in the fourth quarter of 2009.

Patriot Sells Metallurgical Coal to Asian Destinations

16 March 2010 - Patriot Coal reaches agreement to sell approximately 1.5 million tons of metallurgical coal to steel mills in the Pacific Rim, with delivery beginning in April 2010 through early 2011.

PTC Alliance Obtains Court Authority to Proceed with Sale Auction

16 March 2010 - PTC Alliance has obtained court approval to conduct an auction for the sale of substantially all of the company's assets in the U.S. and the stock of its non-debtor German subsidiary, Wiederholt GmbH.

Tenova Core Consteel® Startup at CMC Mesa

15 March 2010 - Commercial Metals Co. (CMC) has recently completed the successful startup of a new Consteel system designed and supplied by Tenova Core. The new CMC micro-mill plant located in Mesa, Ariz., is producing reinforcing bar.

CMC Anticipates Second Quarter Loss

15 March 2010 - Commercial Metals Co. is estimating it will record a net loss between $170 and $180 million ($1.50 to $1.60 per share) for the quarter ended February 28, 2010.

Steel Dynamics to Offer $300 Million in Notes

12 March 2010 - Steel Dynamics announces plans to sell approximately $300 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.

December Steel Shipments Up 11.3% from Previous Month

11 March 2010 - U.S. steel mills shipped 6,035,000 net tons for the month of December 2009, an 11.3% increase from the previous month’s shipments according to the latest report from AISI.

Cliffs Elects New Board Member

11 March 2010 - Cliffs Natural Resources Inc.’s Board of Directors has elected James F. Kirsch as a director. Kirsch also currently serves as Chairman, President, and Chief Executive Officer of Ferro Corp.

California Steel Reports 4th Quarter, Full Year 2009 Results

10 March 2010 - California Steel reports a net loss of $2.3 million on net sales of $153.6 million for the fourth quarter and a net loss of $13.1 million on net sales of $551.8 million for the full year ended December 31, 2009.

ArcelorMittal USA Again Receives Energy Star Honor

10 March 2010 - ArcelorMittal USA was recently selected, for the third consecutive year, as a 2010 Energy Star® Sustained Excellence Award winner for Energy Management, awarded annually by the U.S. Environmental Protection Agency and the U.S. Department of Energy.

Steel Dynamics Declares Cash Dividend, Issues Q1 Guidance

10 March 2010 - Steel Dynamics’ board has declared a quarterly cash dividend of $0.075 per common share, payable on or about April 12, 2010, to shareholders of record at the close of business on March 31, 2010. The company also issued first quarter 2010 earnings guidance of $0.22 to $0.27 per diluted share.

Universal Stainless Announces Base Price Increases

09 March 2010 - Universal Stainless & Alloy Products announces base price increases of 3% to 5% on stainless and low alloy grade products manufactured at its Bridgeville and Dunkirk facilities.

Essar Group, Denham Capital Announce Purchase-Sale Agreement for Trinity Coal

08 March 2010 - Essar Group, through its Essar Minerals subsidiary, and Denham Capital recently announced a definitive agreement by which Denham will sell its ownership of Trinity Coal to Essar for US $600 million. The deal is expected to close by the end of March.

Steel Import Permits Decline 7% in February

05 March 2010 - Steel import permit applications totaled 1,530,000 net tons for the month of February, a 7% decrease from the 1,644,000 permit tons recorded in January according to the latest report from AISI.

Superior Ships Components for EAF Revamp at North Star Bluescope

05 March 2010 - Superior Machine Co. of S.C., Inc. has completed and shipped the major components for an upcoming revamp of North Star BlueScope Steel, LLC’s electric arc furnace. Superior’s field service crew is in the process of reassembling the tilt platform, bottom shell (hearth), and upper shell onsite.

Commerce Preliminarily Finds Dumping of Magnesia Carbon Brick from China, Mexico

05 March 2010 - The Department of Commerce announced on March 4 that it preliminarily determined that Chinese and Mexican producers/exporters have sold magnesia carbon brick in the United States between 132.74 and 349.00%, and 54.73% less than normal value, respectively.

AISI Supports Efforts to Halt EPA Regulation of Stationary Sources

05 March 2010 - The American Iron and Steel Institute applauds efforts in both the U.S. Senate and the U.S. House of Representatives to prevent “economically damaging action” by the Environmental Protection Agency to regulate greenhouse gases from stationary sources.

Nucor, Mitsui to Form Steel Processing Joint Venture

04 March 2010 - Nucor Corp. and Mitsui & Co. (U.S.A.) have entered into a 50-50 joint venture in which newly created NuMit LLC will own and operate a flat rolled steel processing network and other steel related projects throughout North America.

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