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North America

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

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Total Stainless Imports Dip 4.8% in 2008 as Domestic Consumptions Sags

20 March 2009 - Total stainless imports reached 728,487 tons through the end of December 2008, a 4.8% decrease compared to YTD December 2007 as consumption of total stainless steel products dips to its lowest levels since 1992, according to the latest report from the Specialty Steel Industry of North America (SSINA).

ThyssenKrupp Restructures Business, Realigns Leadership

20 March 2009 - ThyssenKrupp announces sweeping changes to its organization this week, including the resignation of two key executives, streamlining of its five businesses segments into just two, and the reduction of its Executive Board from eight down to five.

Nucor Downgrades First Quarter Earnings Guidance

18 March 2009 - Nucor revises its first quarter guidance to an expected loss of $0.55 to $0.65 per diluted share based on continued weakening in customer demand.

Rio Tinto Appoints New Chairman

18 March 2009 - Rio Tinto announces the appointment of Jan du Plessis as Chairman of the Boards, effective with the conclusion of the company’s Annual General Meeting in April.

Nucor Downgrades First Quarter Earnings Guidance

18 March 2009 - Nucor revises its first quarter guidance to an expected loss of $0.55 to $0.65 per diluted share based on continued weakening in customer demand.

Rio Tinto Appoints New Chairman

18 March 2009 - Rio Tinto announces the appointment of Jan du Plessis as Chairman of the Boards, effective with the conclusion of the company’s Annual General Meeting in April.

SSAB to Extend Summer Maintenance Outage

17 March 2009 - SSAB announces plans to extend its normal two- to four-week summer maintenance outage to as long as nine weeks based on market conditions.

Republic to Move Corporate Headquarters to Canton

17 March 2009 - Republic Engineered Products announces plans to move its corporate headquarters to its manufacturing operation in Canton.

SSAB to Extend Summer Maintenance Outage

17 March 2009 - SSAB announces plans to extend its normal two- to four-week summer maintenance outage to as long as nine weeks based on market conditions.

Republic to Move Corporate Headquarters to Canton

17 March 2009 - Republic Engineered Products announces plans to move its corporate headquarters to its manufacturing operation in Canton.

Portman Adopts the Cliffs Natural Resources Brand

16 March 2009 - Cliffs Natural Resources subsidiary Portman Limited announces plans to adopt the Cliffs brand and visual identity.

Industry Mourns Loss of Gallatin Steel President Don Daily

16 March 2009 - The North American Steel Industry is saddened by the passing of Gallatin Steel President Don B. Daily on Friday, March 13.

Portman Adopts the Cliffs Natural Resources Brand

16 March 2009 - Cliffs Natural Resources subsidiary Portman Limited announces plans to adopt the Cliffs brand and visual identity.

Industry Mourns Loss of Gallatin Steel President Don Daily

16 March 2009 - The North American Steel Industry is saddened by the passing of Gallatin Steel President Don B. Daily on Friday, March 13.

Auto-Steel Group Promotes LCA as More Responsible Reflection of GHG Emissions

13 March 2009 - World Steel Association, in partnership with WorldAutoSteel, demonstrates life cycle assessment as the most accurate and responsible measurement of greenhouse gas emissions as part of its presentation at the International Scientific Congress on Climate Change in Copenhagen.

Auto-Steel Group Promotes LCA as More Responsible Reflection of GHG Emissions

Severstal Reports 2008 Results, Further Adaptations to Struggling Market

12 March 2009 - Severstal reported a net loss of $1.208 billion on revenues of $4.019 billion for the fourth quarter, and net profit of $2.034 billion on revenues of $22.393 billion for the year ended December 31, 2008.

Cliffs Reports 4th Quarter, Full-Year 2008 Results

12 March 2009 - Cliffs Natural Resources Inc. (NYSE: CLF) today reported fourth-quarter and full-year results for the periods ended Dec. 31, 2008.

New Carpenter Alloy Combines Ultra High Strength with Toughness and Ductility

12 March 2009 - Carpenter Technology introduces Carpenter AerMet 340 alloy, the latest new alloy in the company’s AerMet series of ultra-high strength and ultra-high toughness alloys.

Steel Dynamics Updates First Quarter Earnings Guidance

12 March 2009 - Continued weakness in market conditions leads Steel Dynamics to reduce its first quarter estimate of earnings to a loss of $0.40 to $0.45 per diluted share, reflecting continued weakness in the company’s metals recycling segment, lower production rates, and lower volumes of steel shipments.

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