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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 Makes Voluntary Contribution to Pension Plan

10 July 2009 - Allegheny Technologies makes voluntary $350-million cash contribution to the company’s U.S. defined benefit pension plan, significantly improving the plan’s funded position.

Baosteel Moves up to No. 3 Position for 2008 Crude Steel Output

10 July 2009 - Baosteel moves up to the number-three position in World Steel Association’s recently announced ranking of top steel producers for 2008.

Sims Metal Management Acquires Fairless Iron & Metal

07 July 2009 - Sims Metal Management announces the acquisition of Fairless Iron & Metal, a full-service ferrous and non-ferrous recycler.

Canadian Agencies to Investigate Steel Plate Imports from Ukraine

07 July 2009 - The Canada Border Services Agency initiates an investigation into the alleged injurious dumping of carbon steel plate and high-strength low-alloy steel plate from Ukraine.

Tube City IMS Launches Internet Portal for Suppliers

03 July 2009 - Tube City IMS launches new internet portal that will provide comprehensive information for suppliers, including the ability to review orders, shipments, payments and other information.

Cliffs Natural Resources Provides Update on North American Business Unit

03 July 2009 - Cliffs Natural Resources provides update for its North American Business Unit, including 2009 North American Iron Ore contractual obligations for volume and the company’s expectations for North American Coal sales volumes.

AK Steel Announces August 2009 Surcharges

02 July 2009 - AK Steel will add a $75 per ton surcharge for electrical steel products shipped in August 2009.

Nucor Praises Congressman Arcuri for Voting Against House Cap and Trade Bill

02 July 2009 - Nucor notes its appreciation to U.S. Representative Michael Arcuri (D-NY) for supporting the local manufacturing sector by opposing House Cap and Trade Bill (H.R. 2454), which narrowly passed the House of Representatives this week by a three-vote margin.

Steel Imports Drop 23% in June

02 July 2009 - Steel import permit applications totaled 810,000 net tons for the month of June, a 23% decrease from the previous month according to the latest report from the American Iron and Steel Institute (AISI).

Schnitzer Steel Reports Third Quarter Results

01 July 2009 - Schnitzer Steel reports a net loss of $1.5 million on revenues of $412 million for the fiscal third quarter, and a net loss of $42 million on revenues of $1.344 billion for the nine months ended May 31, 2009.

AISI Reacts to Passage of Climate Bill, Urges Modifications

30 June 2009 - AISI expresses its disappointment over the House passage of the American Clean Energy and Security Act of 2009, which it says will put the steel industry at a distinct disadvantage.

AIST Notes Passing of Town Hall Moderator John Callaway

29 June 2009 - AIST notes the passing of long-time AISTech Town Hall moderator, John D. Callaway.

Republic Responds to Court Order for Resumption of Shipments to American Axle

25 June 2009 - Responding to a circuit court order to resume steel shipments, Republic says it appreciates the Court’s recognition that Republic is entitled to demand adequate assurance of performance from American Axle.

Commercial Metals Company Reports Third Quarter Loss

24 June 2009 - Commercial Metals Co. reported a net loss of $13.1 million on net sales of $1.3 billion for the quarter and net earnings of $13.6 million on net sales of $5.3 billion for the nine months ended May 31, 2009.

Steel Imports Slip 17% in May

24 June 2009 - The U.S. imported a total of 1,020,000 net tons of steel in May 2009, an 11% decrease vs. April final data, according to the latest report from AISI.

USW, Industry Groups Support New WTO Case Filed by U.S., EU Against China

24 June 2009 - The United Steelworkers gives strong support for a new World Trade Organization dispute filed by the U.S. and European Union that challenges China's export restrictions on key raw materials and minerals used in manufacturing.

SMS Meer Commissions Three-Roll Precision Block for Timken Bar Mill

23 June 2009 - Timken and SMS Meer jointly commission Timken’s Harrison Steel Plant bar mill, which was recently expanded with a new three-roll precision sizing mill and bar finishing end.

Gerdau Ameristeel Amends Term Loan Covenants

23 June 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.

Steel Dynamics Expects to Report Small 2nd Quarter Loss

22 June 2009 - Steel Dynamics updates its outlook for the second quarter of 2009, saying that it now expects to report a loss of $0.10 to $0.15 per diluted share, after taking into account the recent issuance of common stock and convertible securities.

World Steel Production Rebounds in May 2009

22 June 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 95.6 million tonnes in May 2009 — 7.4% above the previous month but still 21% lower than May 2008.

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