North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
AISI, USW Support ITC Finding on Subsidized Steel Pipe from China
31 December 2009 - The American Iron and Steel Institute and the United Steelworkers both strongly support the U.S. International Trade Commission’s final injury determination in the countervailing duty portion of a case involving dumped and subsidized Chinese OCTG imports into the U.S. market.
PBGC Protects Pensions at PTC Alliance
31 December 2009 - The Pension Benefit Guaranty Corp. is moving to assume responsibility for the under-funded pension plan covering about 750 employees and retirees of PTC Alliance Corp., a bankrupt maker of specialty steel tubing and bars.
California Steel Industries to Make Organizational Changes
31 December 2009 - California Steel Industries, Inc. is making three organizational changes, effective January 1, 2010. All three executive vice presidents will continue to report to Vicente Wright, President and CEO.
Esmark Acquires Excalibur Machine Assets
31 December 2009 - Esmark Industrial Group has completed the acquisition of assets of Meadville, Pa.-based Excalibur Machine Co., Inc. for $3.5 million in cash. David A. Luptak will become Chief Executive Officer and President of the newly formed Esmark Industrial Group with responsibility for Excalibur Machine.
UAW Members Ratify Contract Extension at Coshocton
30 December 2009 - Members of UAW Local 3462 ratify a three-year extension to the existing labor agreement at AK Steel's Coshocton Works.
Danieli to Supply New Long Products Minimill for Deacero
29 December 2009 - Deacero awards Danieli an order to supply a new minimill for the production of deformed bars, and smooth and deformed wire rod.
Commercial Metals Reports First Quarter Loss
24 December 2009 - Commercial Metals reports a net loss of $31.2 million ($0.28 per share) on net sales of $1.4 billion for the quarter ended November 30, 2009, compared with net earnings of $62.0 million ($0.54 per diluted share) on net sales of $2.4 billion for last year's first quarter.
Siemens to Supply Coil Handling for Sterling Steel Wire Rod Mill
24 December 2009 - Siemens VAI Metals Technologies will supply a new, all-vertical coil handling system and extend the existing Stelmor system for Sterling Steel’s wire rod mill.
Preliminary Steel Imports Dip 19% in November
23 December 2009 - The U.S. imported a total of 1,321,000 net tons of steel in November 2009, down 19% from October final data, according to the latest report from AISI.
Evraz Inc. NA Secures Bank Financing
23 December 2009 - The closing of a US$225 million four-year committed revolving credit facility for Evraz Group S.A.'s U.S. wholly owned subsidiary, Evraz Inc. NA, will help the company finance its working capital requirements.
S&P Launches S&P GSCI All Metals Index, Capped Sector Indices
23 December 2009 - Standard & Poor's launches the S&P GSCI All Metals Index (which combines the S&P GSCI Precious and Industrial Metals indices for a broader measure of the metals market), the S&P GSCI All Metals Capped Commodity Index, and the S&P GSCI Agriculture Capped Component Index.
World Steel Production up 24% in November
22 December 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 107.48 million tonnes in November 2009 — 5.2% lower than the previous month (October 2009) but 24.2% higher than November 2008.
Commerce Preliminarily Finds Dumping of PC Wire Strand from China
21 December 2009 - The Department of Commerce announced on December 18 its preliminary determination in the antidumping duty investigation on imports of prestressed concrete steel wire strand from P.R. China. Commerce preliminarily determined that Chinese producers/exporters have sold PC strand in the U.S. at 37.72 to193.55% less than normal value.
October Steel Shipments Up 5.3% from September
21 December 2009 - U.S. steel mills shipped 6,097,000 net tons for the month of October 2009, a 5.3% increase over September according to the latest report from AISI.
Future Steel Vehicle Methodology Wins SAE Innovation Competition
21 December 2009 - The Accelerated Concept to Product process, marketed by Engineering Technology Associates, Inc., has won the 2nd Annual SAE International Detroit Section/Massachusetts Institute of Technology Enterprise Forum Vehicle Innovation Competition.
Essar Steel Algoma Closes Senior Secured Note Offering
21 December 2009 - Essar Steel Algoma’s previously announced offering of US$400 million aggregate principal amount of senior secured notes due 2015 has closed.
Allegheny Technologies Raises 4th Quarter Expectations
18 December 2009 - Allegheny Technologies Inc. is raising its earnings expectations for the fourth quarter 2009 earnings to the range of $0.20 to $0.25 per share.
Nucor Updates Fourth Quarter Guidance
17 December 2009 - Nucor updates its guidance for the fourth quarter ending December 31, saying that it now expects results to be breakeven to slightly positive.
Service Center Shipments Decline at Slower Rate in November
16 December 2009 - Despite declining shipments of steel and aluminum from U.S. and Canadian metals service centers in November, MSCI’s latest Metals Activity Report indicates there are signs that the market may be stabilizing.
Fitch Sees Modest Recovery for Global Steel Demand
16 December 2009 - Fitch Ratings expects to see demand for steel to recover from low levels at a modest pace over the next 12-18 months but not to reach peak levels in the medium term, according to its recently issued Worldwide Steel Outlook.
