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North America

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

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Olympic Steel Announces Scholarship Recipients

19 June 2009 - Olympic Steel announces the recipients of the Sol Siegal Scholarship Program, which awards up to ten new $1500 renewable scholarships per year to children and dependents of company employees.

AK Steel to Increase Prices for all Carbon and Stainless Steel Products

19 June 2009 - AK Steel announces plans to increase spot market prices for all carbon and stainless flat rolled steel products.

Steel Dynamics Underwriters Exercise Over-Allotment Options

19 June 2009 - Underwriters of Steel Dynamics’ announced offerings  of notes and stocks have exercised their full overallotment options.

Commerce to Investigate PC Steel Wire Strand from P.R. China

18 June 2009 - The U.S. Department of Commerce will initiate antidumping and countervailing duty investigations on imports of prestressed concrete steel wire strand from P.R. China.

April Steel Shipments 57% Lower than April 2008

18 June 2009 - U.S. steel mills shipped 4,042,000 net tons of steel in April, a 57% decrease from April 2008, according to the latest report from AISI.

Essar Steel Algoma Starts up first Canadian Steel Co-Gen Facility

17 June 2009 - Essar Steel Algoma successfully starts up a new, 70-MW cogeneration facility that will be fueled with by-product gas from the operation, becoming the first integrated steel manufacturer in Canada to construct such a facility.

Nucor Adjust Second-Quarter Guidance

17 June 2009 - Nucor updates its second-quarter guidance, saying that it now expects to report a smaller-than-expected loss in the range of $0.55 to $0.65 per diluted share, based on increased orders.

Metal Center Inventories Continue to Decline in May

17 June 2009 - Metals service center inventories of steel and aluminum products continued to decline through May across both the U.S. and Canada, while shipments remained weak, according to the most recent Metals Activity Report from MSCI.

New Auto-Steel Partnership Toolkit helps Automakers Boost Fuel Economy with AHSS

16 June 2009 - The Auto/Steel Partnership releases its latest update to the Advanced High-Strength Steel Applications Design and Stamping Process Guidelines, a comprehensive manual designed to help with the specification and application of specific grades of AHSS parts.

AISI Speaks Out Against Foreign Government Manipulation of World Steel Trade

12 June 2009 - The American Iron and Steel Institute issues statement criticizing actions recently taken by the governments of China and Brazil that support their domestic steel industries to the detriment of the North American Steel industry.

Pig Caster Commissioned at Nucor’s PIZO Joint Venture

11 June 2009 - Economy Industrial commissions new 20 ton/hour pig caster at PIZO, a joint venture of Heritage Environmental and Nucor.

Universal Stainless Achieves AS 9100 Certification at Bridgeville, Dunkirk

11 June 2009 - Universal Stainless & Alloy Products achieves AS 9100 certification at its primary Bridgeville facility and its Dunkirk Specialty Steel mill.

Northwest Pipe, Lucid Energy Technologies Introduce PowerPipe Technology

10 June 2009 - Northwest Pipe and Lucid Energy Technologies announce successful completion of preliminary testing of Northwest PowerPipe, a renewable power-generation prototype.

Worthington Industries Completes Tender Offer for Notes

10 June 2009 - Worthington Industries completes its previously announced cash tender offer for the $138.0 million of its 6.70% Notes due December 1, 2009.

Northwest Pipe to Supply Pipe for Maryland Tunnel Project

09 June 2009 - Northwest Pipe will supply pipe for the Washington Suburban Sanitation Commission’s Bi-County Tunnel project, a 5.3-mile tunnel and associated steel pipe liner.

Steel Dynamics Announces Pricing of Stock, Notes

09 June 2009 - Steel Dynamics has priced its public offerings of common stock and 5.125% convertible senior notes due 2014.

Gerdau Ameristeel to Idle Sayreville Plant, Close Perth Amboy Rolling Mill

09 June 2009 - Gerdau Ameristeel is suspending production at its Sayreville, N.J., steel mill and closing its rolling mill in neighboring Perth Amboy, N.J., and has also entered discussions with the USW regarding the potential closure of its Sand Springs, Okla., steel mill.

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