North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Metal Center Shipments Continue to Decline in June
20 July 2009 - Metals service center shipments from the U.S. and Canada continued to decline in June, but generally at a slower rate than in previous months, according to the most recent Metals Activity Report from MSCI.
May Steel Shipments Down 52.5% from May 2008
17 July 2009 - U.S. steel mills shipped 4,282,000 net tons in May, a 52.5% decrease from May 2008 according to the latest report from AISI.
Worthington Reports 4th Quarter, Full-Year Results
16 July 2009 - Worthington Industries reports a net loss of $13.7 million on net sales of $471.6 million for the quarter and a net loss of $108.2 million on net sales of $2.6 billion for the year ended May 31, 2009.
Arbitrator Orders AK to Keep Ashland Plant Operating
16 July 2009 - An independent arbitrator orders AK Steel to abandon plans to shut down its Ashland, Ky., plant and look instead at cutting production elsewhere.
RathGibson Files for Chapter 11 Bankruptcy Proceedings
14 July 2009 - RathGibson and its domestic affiliates begin reorganization proceedings under Chapter 11 of the United States Bankruptcy Code.
Workers Strike Vale’s Canadian Operations
14 July 2009 - Unionized maintenance and production employees go on strike at Vale SA’s operations in Sudbury and Port Colborne, Ont., Canada.
Ryerson Sells Stake in Tata Ryerson Joint Venture
13 July 2009 - Ryerson completes the sale of its 50% equity interest in Tata Ryerson Ltd. to Tata Steel.
USW Applauds Canadian Agency’s Decision to Investigate Steel Plate Imports
13 July 2009 - The United Steelworkers cheers the Canada Border Services Agency’s announcement that it is initiating an investigation into the dumping of carbon steel plate and high-strength low-alloy steel plate from Ukraine.
ITC to Continue Cases on PC Strand from China
13 July 2009 - The U.S. ITC finds reasonable indication of threatened material injury due to imports of prestressed concrete steel wire strand from China that are allegedly subsidized and sold in the United States at less than fair value, paving the way for the U.S. Department of Commerce to continue its countervailing duty and antidumping investigations on these products.
ALJ Releases 2nd Quarter Revenue Performance
10 July 2009 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $19.4 million for the quarter and revenues of $85.9 million for the nine months ended June 30, 2009.
AK Steel to Increase Base Prices for Carbon Steel Products
10 July 2009 - AK Steel says it will increase spot market prices for its carbon steel products effective with all new orders for August and September shipments.
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).
