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North America

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

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AISI Opposes Decision to Delay Naming China a Currency Manipulator

13 April 2010 - AISI issues a statement expressing disappointment regarding the Obama Administration’s recent announcement that it would delay a decision on whether to declare China a currency manipulator, which had been expected by April 15.

Worthington Prices $150 Million of Senior Notes

12 April 2010 - Worthington Industries has priced its $150 million aggregate principal amount of senior notes due 2020 at 6.50% interest.

LTU Design Students Unveil Steel Wheel Concepts at AISI Competition

12 April 2010 - The Wheels Task Force of the Steel Market Development Institute and Michelin in partnership with Lawrence Technological University (LTU) recently announced the scholarship winners of the Steel Wheel design competition at the program's unveiling on LTU's campus.

Lakeside Steel Earns Compliance with Canadian ERCB Directive 010

12 April 2010 - Now that it has achieved compliance with Canadian-based Energy Resource Conservation Board Directive 010, Appendix B, Lakeside Steel is qualified to sell casing in grades H40, J55 and L80 supplied from its welded facilities in Welland, Ont.

AK Steel to Increase Price for Carbon Steel Products

09 April 2010 - AK Steel says it will increase spot market base prices by $40 per ton, effective immediately with all new orders for carbon steel products.

United Steelworkers, U.S. Steel Reach Tentative Deal at Nanticoke

09 April 2010 - Negotiating teams for USW Local 8782 and U.S. Steel Canada's Lake Erie Works facility reach a tentative agreement that could bring an end to the lock-out that has been ongoing since last August.

Schnitzer Steel Reports Q2 2010 Financial Results

08 April 2010 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $0.62 for its fiscal 2010 second quarter ended February 28, 2010, compared with a diluted loss per share from continuing operations of ($0.18) for the same quarter of fiscal 2009.

U. S. Steel to Record Q1 Charge due to New Healthcare Legislation

08 April 2010 - United States Steel expects to record a charge of approximately $27 million in the first quarter of 2010 as a result of recently enacted Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.

EPA to Begin Full Investigation at Raritan Bay Slag Superfund Site

08 April 2010 - The U.S. EPA will begin a full investigation of the type and extent of contamination at the Raritan Bay Slag Superfund Site in Old Bridge and Sayreville, N.J., within a few weeks. The site was put on the federal Superfund list in November 2009 after sampling revealed elevated levels of lead in the jetty and seawall.

Total Steel Import Permits Increase 20% in March

08 April 2010 - Steel import permit applications totaled 1,971, 000 net tons for the month of March, a 20% increase from the 1,644,000 permit tons recorded in February according to the latest report from AISI.

AK Steel Announces May 2010 Surcharges

07 April 2010 - AK Steel says it will add a $420 per ton surcharge to invoices for electrical steel products shipped in May 2010.

KMH Provides Rail Scale Control System for Essar Steel Algoma

07 April 2010 - For this project, KMH replaced a “black-box” style scale controller on a bidirectional, double-weighing, coupled-in-motion rail scale using a Rice Lake 920i weighing instrument, a ControlLogix PLC-based control system, and FactoryTalk View operator interface.

Northwest Pipe Appoints New CEO

06 April 2010 - The Board of Directors of Northwest Pipe Co. has accepted Brian Dunham's resignation as Chief Executive Officer and has appointed Richard A. Roman to serve in that capacity. Dunham will continue to serve as President and as a member of the Board of Directors.

AK Steel Marks 15th Anniversary of Listing on NYSE

06 April 2010 - AK Steel celebrated its fifteenth anniversary of trading on the New York Stock Exchange (NYSE) this week by ringing the NYSE's opening bell, signifying the start of the trading day.

Worthington Reports Fiscal 3rd Quarter Results

05 April 2010 - Worthington Industries reported a net loss of $17.7 million on net sales of $451.1 million for the third quarter ended February 28, 2010, and net earnings of $12.2 million on net sales of $1,316.6 million for the first nine months of fiscal 2010.

EPA, NY DEC Investigate Equipment Failure at Tonawanda Coke

02 April 2010 - The U.S. EPA and the New York State Department of Environmental Conservation are investigating equipment failure at Tonawanda Coke that triggered an emergency flare this week to prevent the release of potentially harmful gas.

ALJ Releases 2nd Quarter Revenue Performance

02 April 2010 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $28.5 million for the second quarter, and revenues of $49.5 million for the six months ended March 31, 2010.

Carpenter to Record Q3 Non-Cash Expense Related to New U.S. Health Care Law

02 April 2010 - Carpenter Technology will record a non-cash charge of approximately $5.9 million, or $0.13 per share, in its third quarter ending March 31, 2010, as a result of the recently enacted health care reform legislation.

KMH Completes Controls Upgrade at Tenaris Algoma Tubes

01 April 2010 - The scope of this project was to upgrade the two control systems associated with an 8-zone rotary furnace. KMH replaced both the existing TDC 2000 DCS for the regulatory controls and the existing Modicon 484 PLC for the BMS with two new Allen Bradley ControlLogix based PLC systems.

Lakeside Steel to Increase End Finishing Production

01 April 2010 - Lakeside Steel Inc. will increase production in its Upsetting and Threading Operation via additional production shifts to meet significantly stronger demand for its end-finished OCTG products booked for the quarter ending June 30, 2010.

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