North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
PBGC Protects Pensions at Crucible
14 January 2010 - The Pension Benefit Guaranty Corp. has assumed responsibility for six underfunded pension plans covering nearly 3600 former workers and retirees of Crucible Materials Corp.
Lakeside Increases Production; Recalls Temporarily Laid-off Employees
14 January 2010 - Lakeside Steel Inc. has increased production on its Stretch Reduction Mill by adding production shifts to meet stronger demand for its OCTG products. The company has also recalled all of its temporarily laid-off employees, returning to full employment for the first time since November 2008.
Steel Dynamics Starts Production of Mesabi Nuggets
14 January 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.
Tube City IMS Announces Executive Appointments
13 January 2010 - Tube City IMS announces the appointments of Hideto Hata as Director of Outsource Purchasing and Sales for Central and South America, and Jerry Strader as Vice President of Marketing.
Massey Energy, Jindal Steel & Power Enter MoU for Mine Development, Operation
13 January 2010 - Massey Energy signs memorandum of understanding with Jindal Steel & Power Limited under which the parties will bid for the development and operation of underground coal mining projects.
AK Steel Increases Price for Carbon Steel Products
13 January 2010 - AK Steel announces an additional $60 per ton increase to spot market prices for carbon steel products immediately for all new orders.
Crucible, Latrobe Specialty Steel Distribution to Partner on CPM Marketing
13 January 2010 - Crucible Industries entered into partnership with Latrobe Specialty Steel Distribution for the sales and marketing of Crucible Particle Metallurgy.
Nucor’s Rutkowski to Retire
12 January 2010 - Nucor Executive Vice President of Business Development Joseph A. Rutkowski will retire at the end of February after 21 years of service with the company. Effective March 1, 2010, R. Joseph Stratman will assume responsibility for business development activities while continuing his role as EVP of Beam and Plate Products.
SSINA Data Shows Stainless Steel Imports, Consumption Down
11 January 2010 - Imports of total stainless steel in YTD September 2009 were 268,732 tons, a 54.9% decrease compared to the same period of 2008, according to data recently released by The Specialty Steel Industry of North America (SSINA). U.S. consumption was 991,809 tons, down 34.3%.
Gerdau Ameristeel Defers Early Adoption of International Financial Reporting Standards
11 January 2010 - Gerdau Ameristeel will defer early adoption of IFRS until periods beginning on or after January 1, 2010.
Schnitzer Steel Reports Q1 Results
08 January 2010 - Schnitzer Steel Industries reports diluted earnings per share from continuing operations of $0.23 for its fiscal 2010 first quarter ended November 30, 2009. This compares with diluted loss per share from continuing operations of $1.16 during the first quarter of fiscal 2009.
Plymouth Tube First to Attain Dual NADCAP Accreditation
08 January 2010 - Plymouth Tube Co.’s Salisbury Mill attains NADCAP accreditation for both heat treating and material testing laboratories. The mill is the first North American tubing manufacturer to earn the dual accreditation from NADCAP for seamless stainless aerospace tubing.
Nucor CEO Recognized by Harvard Business Review
08 January 2010 - Harvard Business Review recognizes Chairman, CEO, and President Dan DiMicco and Nucor's management team in its ranking of "The Best-Performing CEOs in the World" in the January-February 2010 edition.
Gerdau Ameristeel Sand Springs Mill to Remain Idled
08 January 2010 - Gerdau Ameristeel will continue the idling of its Sand Springs steel mill for the foreseeable future, despite a comprehensive proposal from the State of Oklahoma and City of Sand Springs aimed at maintaining steel production at the company's Sand Springs steel mill.
U. S. Steel, Others File for Critical Circumstances in Tubular Trade Case
08 January 2010 - U.S. Steel and other petitioning parties will make an allegation of "critical circumstances" in the ongoing antidumping and countervailing duty investigations into seamless standard, line and pressure pipe from China.
Steel Import Permits Decline 9% in December
07 January 2010 - Steel import permit applications reached 1,326,000 net tons for the month of December, a 9% decrease from the 1,450,000 permit tons recorded in November 2009, according to the latest report from AISI.
Worthington Reports Q2 Results
07 January 2010 - Worthington Industries, Inc. reports net sales of $448.0 million and net earnings of $23.2 million, or $0.29 per diluted share, for the fiscal 2010 second quarter ended November 30, 2009. The results show sequential improvement from the first quarter.
AK Steel Announces February 2010 Surcharges
06 January 2010 - AK Steel will add a $235 per ton surcharge to invoices for electrical steel products shipped in February 2010.
Tube City IMS Fills New EVP Position
06 January 2010 - Tube City IMS, LLC has promoted William R. Miller to the newly created position of Executive Vice President - Operations for its Mill Services Group.
Horsehead Closes on Acquisition of INMETCO
06 January 2010 - Horsehead Holding Corp. has closed its acquisition of INMETCO. Mark Tomaszewski, who was the Acting President of INMETCO, was appointed to serve as President going forward.
