North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
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).
Schnitzer Steel Reports Third Quarter Results
01 July 2009 - Schnitzer Steel reports a net loss of $1.5 million on revenues of $412 million for the fiscal third quarter, and a net loss of $42 million on revenues of $1.344 billion for the nine months ended May 31, 2009.
AISI Reacts to Passage of Climate Bill, Urges Modifications
30 June 2009 - AISI expresses its disappointment over the House passage of the American Clean Energy and Security Act of 2009, which it says will put the steel industry at a distinct disadvantage.
AIST Notes Passing of Town Hall Moderator John Callaway
29 June 2009 - AIST notes the passing of long-time AISTech Town Hall moderator, John D. Callaway.
Republic Responds to Court Order for Resumption of Shipments to American Axle
25 June 2009 - Responding to a circuit court order to resume steel shipments, Republic says it appreciates the Court’s recognition that Republic is entitled to demand adequate assurance of performance from American Axle.
Commercial Metals Company Reports Third Quarter Loss
24 June 2009 - Commercial Metals Co. reported a net loss of $13.1 million on net sales of $1.3 billion for the quarter and net earnings of $13.6 million on net sales of $5.3 billion for the nine months ended May 31, 2009.
Steel Imports Slip 17% in May
24 June 2009 - The U.S. imported a total of 1,020,000 net tons of steel in May 2009, an 11% decrease vs. April final data, according to the latest report from AISI.
USW, Industry Groups Support New WTO Case Filed by U.S., EU Against China
24 June 2009 - The United Steelworkers gives strong support for a new World Trade Organization dispute filed by the U.S. and European Union that challenges China's export restrictions on key raw materials and minerals used in manufacturing.
SMS Meer Commissions Three-Roll Precision Block for Timken Bar Mill
23 June 2009 - Timken and SMS Meer jointly commission Timken’s Harrison Steel Plant bar mill, which was recently expanded with a new three-roll precision sizing mill and bar finishing end.
Gerdau Ameristeel Amends Term Loan Covenants
23 June 2009 - Gerdau Ameristeel reaches agreement with lenders for temporary relaxation of the covenants its Term Loan Facility, which currently has US$ 2.6 billion of borrowings outstanding.
Steel Dynamics Expects to Report Small 2nd Quarter Loss
22 June 2009 - Steel Dynamics updates its outlook for the second quarter of 2009, saying that it now expects to report a loss of $0.10 to $0.15 per diluted share, after taking into account the recent issuance of common stock and convertible securities.
World Steel Production Rebounds in May 2009
22 June 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 95.6 million tonnes in May 2009 — 7.4% above the previous month but still 21% lower than May 2008.
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.
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