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North America

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

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Allegheny Technologies Reports 2nd Quarter Results

23 July 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.

Steel Dynamics Reports 2nd Quarter 2009 Results

23 July 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.

AK Steel to Make Pension Trust Fund Contribution

22 July 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.

AK Steel Reports 2nd Quarter Results

22 July 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.

Stainless, Specialty Imports Still Down 56% through April

21 July 2009 - Total stainless imports reached 120,228 tons through April, a 55.8% decrease compared to YTD April 2008 according to the latest report from SSINA. Total specialty imports reached 169,903 tons through the same period, a 51.6% decrease compared to YTD April 2008.

YTD09 World Steel Production Still Down 21% through June

21 July 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 99.8 million tonnes in June 2009 — 4.1% above the previous month but still 16% lower than the same month of 2008.

Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011

20 July 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.

Mesabi Trust Declares No Distribution

20 July 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.

L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls

20 July 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.

Metal Center Shipments Continue to Decline in June

20 July 2009 - Metals service center shipments from the U.S. and Canada continued to decline in June, but generally at a slower rate than in previous months, according to the most recent Metals Activity Report from MSCI.

May Steel Shipments Down 52.5% from May 2008

17 July 2009 - U.S. steel mills shipped 4,282,000 net tons in May, a 52.5% decrease from May 2008 according to the latest report from AISI.

Worthington Reports 4th Quarter, Full-Year Results

16 July 2009 - Worthington Industries reports a net loss of $13.7 million on net sales of $471.6 million for the quarter and a net loss of $108.2 million on net sales of $2.6 billion for the year ended May 31, 2009.

Arbitrator Orders AK to Keep Ashland Plant Operating

16 July 2009 - An independent arbitrator orders AK Steel to abandon plans to shut down its Ashland, Ky., plant and look instead at cutting production elsewhere.

RathGibson Files for Chapter 11 Bankruptcy Proceedings

14 July 2009 - RathGibson and its domestic affiliates begin reorganization proceedings under Chapter 11 of the United States Bankruptcy Code.

Workers Strike Vale’s Canadian Operations

14 July 2009 - Unionized maintenance and production employees go on strike at Vale SA’s operations in Sudbury and Port Colborne, Ont., Canada.

Ryerson Sells Stake in Tata Ryerson Joint Venture

13 July 2009 - Ryerson completes the sale of its 50% equity interest in Tata Ryerson Ltd. to Tata Steel.

USW Applauds Canadian Agency’s Decision to Investigate Steel Plate Imports

13 July 2009 - The United Steelworkers cheers the Canada Border Services Agency’s announcement that it is initiating an investigation into the dumping of carbon steel plate and high-strength low-alloy steel plate from Ukraine.

ITC to Continue Cases on PC Strand from China

13 July 2009 - The U.S. ITC finds reasonable indication of threatened material injury due to imports of prestressed concrete steel wire strand from China that are allegedly subsidized and sold in the United States at less than fair value, paving the way for the U.S. Department of Commerce to continue its countervailing duty and antidumping investigations on these products.

ALJ Releases 2nd Quarter Revenue Performance

10 July 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.

AK Steel to Increase Base Prices for Carbon Steel Products

10 July 2009 - AK Steel says it will increase spot market prices for its carbon steel products effective with all new orders for August and September shipments.

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