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North America

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

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TMK Ipsco Increases ULTRA Premium Connections Production Capacity

18 September 2009 - TMK Ipsco completes the first phase of its plan to expand the threading capacity of its ULTRA Premium Connections product line.

Destocking Continues at U.S., Canadian Metal Centers

18 September 2009 - Shipments of steel and aluminum from U.S. and Canadian metals service centers rose slightly in August from weak July levels, but de-stocking continued, according to the latest Metals Activity Report from the Metals Service Center Institute.

ArcelorMittal Dofasco to Invest $16 million to Improve Air Quality at Hamilton

18 September 2009 - ArcelorMittal Dofasco announces plans to invest more than $16 million over the next three to five years to improve air quality in Hamilton as part of the company’s Blue Skies program.

AISI Praises House Passage of the Advanced Vehicle Technology Act of 2009

17 September 2009 - AISI praises the House passage of H.R. 3246, the Advanced Vehicle Technology Act of 2009, which supports R&D, demonstration and commercialization of vehicle technologies that reduce the use of vehicle fuels that generate high emissions.

July Steel Shipments Up 9.9% from June

17 September 2009 - U.S. steel mills shipped 5,271,000 net tons in July, a 9.9% increase from June according to the latest report from AISI.

Reliance Celebrates 15 Years on the NYSE, 70 Years as a Company

16 September 2009 - Reliance Steel & Aluminum celebrates 15 years as a public company by ringing The Closing Bell® at the New York Stock Exchange.

Northwest Pipe to Supply Pipe for CUPCA Project

16 September 2009 - Northwest Pipe will supply approximately 25,000 linear feet of 60-inch steel water pipe and fittings for the Spanish Fork Pipeline - Springville Reach project, owned by the Central Utah Water Conservancy District.

Nucor Updates Third Quarter Guidance

16 September 2009 - Nucor updates its guidance for the third quarter, saying that it now expects results in the range of a loss of $0.15 to $0.20 per diluted share.

AISI Congratulates Bloom on Administration Post

15 September 2009 - In a statement, AISI President and CEO Thomas J. Gibson congratulates Ron Bloom on behalf of AISI for being named by President Obama as the Administration’s Senior Counselor for Manufacturing Policy.

Stainless, Specialty Imports Down 64% through May

15 September 2009 - Total stainless imports reached 147,354 tons through May 2009, a 63.6% decrease compared to YTD May 2008 according to the latest report from SSINA. Total specialty imports reached 205,558 tons through the same period, a 53.0% decrease compared to YTD May 2008.

Nucor CEO Praises Trade Decision

15 September 2009 - Nucor Chairman, President and CEO Dan DiMicco praises President Obama and United States Trade Representative Ron Kirk for their decision to apply duties on imports of illegally subsidized Chinese tires.

U.S. ITC to Continue Cases on Magnesia Carbon Bricks from China, Mexico

15 September 2009 - The United States ITC finds reasonable indication of real or threatened injury due to magnesia carbon bricks imported from China that are allegedly subsidized, and magnesia carbon bricks from China and Mexico that are allegedly sold in the U.S. at less than fair value.

2009 FeMET and StEEL Initiative Scholarships and Grants Awarded

14 September 2009 - The FeMET and StEEL Initiatives award scholarships and grants for the 2009-2010 academic year.

Cliffs Increases Production and Sales Volume Expectations for NA Business Unit

14 September 2009 - Cliffs Natural Resources Inc. announced increased production and sales volume expectations in its North American Iron Ore and North American Coal business segments.

Timken Prices Public Offering of Senior Unsecured Notes

14 September 2009 - Timken has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 in an underwritten public offering, which is expected to close on September 14.

Lenders Amend Essar Algoma Term Loan Credit Facility

11 September 2009 - Lenders holding a majority of Essar Steel Algoma’s $315.7 million senior secured term loan credit facility approve a permanent amendment that will enable continued compliance and providing increased operating flexibility in the future.

Steel Dynamics Updates 3rd Quarter Earnings Guidance

11 September 2009 - Steel Dynamics updates its third quarter 2009 earnings outlook, saying it now anticipates earnings to be within a range of $0.20 to $0.25 per diluted share.

Commerce Preliminarily Finds Subsidization of OCTG from China

10 September 2009 - The Department of Commerce preliminarily finds that Chinese producers/exporters of oil country tubular goods have received net countervailable subsidies ranging from 10.90 to 30.69%.

Latrobe Specialty Steel Reintroduces LS-A286 to Expanded Markets

10 September 2009 - In addition to applications in the energy and aerospace fastener markets, Latrobe Specialty Steel anticipates expanding interest from the gas turbine and supercharger supply chains. It also foresees LS-A286 in high-strength nonmagnetic and cryogenic applications.

AK Steel Announces October 2009 Surcharges

08 September 2009 - AK Steel will add a $185 per ton surcharge to invoices for electrical steel products shipped in October 2009.

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