North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
Domestic Steel Groups Release Study on the Effects of China’s Economic Policies
29 July 2009 - The American Iron and Steel Institute and the Steel Manufacturers Association release a study describing the negative impact of China’s economic policies on the U.S. and world economies.
U.S. Steel Reports Second Quarter Results
29 July 2009 - United States Steel reports a net loss of $392 million on net sales of $2.1 billion for the second quarter, and a net loss of $831 million on net sales of $4.88 billion for the first six months of 2009.
Northwest Pipe to Supply Pipe for Cooperative Water Supply Project
27 July 2009 - Northwest Pipe will supply pipe for the Raw Water Pipeline project, owned by Brushy Creek Regional Utility Authority.
Tube City IMS Chairman & CEO to Retire
27 July 2009 - Tube City IMS, LLC announces the retirement of Chairman and CEO I Michael Coslov after more than 48 years with the company.
Reliance Steel & Aluminum Reports 2nd Quarter, Six Months Results
24 July 2009 - Reliance Steel & Aluminum reports a net loss of $5.8 million on sales of $1.2 billion for the second quarter, and net income of $14.3 million on sales of $2.8 billion for the six months ended June 30, 2009.
Severstal Names New CEO for Severstal International, Severstal NA
24 July 2009 - OAO Severstal announces the appointment of Sergei Kuznetsov as CEO of Severstal International and Severstal North America, replacing Gregory Mason, who will be leaving the company.
Nucor Reports 2nd Quarter, First Half Results
24 July 2009 - Nucor reports a consolidated net loss of $133.3 million on consolidated net sales of $2.48 billion for the second quarter, and a consolidated net loss of $323.0 million on consolidated net sales of $5.13 billion for the first six months of 2009.
ALJ Announces Modifications to KES Senior and Subordinated Debt Terms
23 July 2009 - ALJ Regional Holdings operating subsidiary KES Acquisition amends terms of its senior credit facility and the junior indebtedness evidenced by its 8% subordinated secured notes.
Allegheny Technologies Reports 2nd Quarter Results
23 July 2009 - Allegheny Technologies reports a net loss of $13.4 million (including special charges) on sales of $710.0 million for the second quarter and a net loss of $7.5 million (including special charges) on sales of $1.54 billion for the first six months of 2009.
Steel Dynamics Reports 2nd Quarter 2009 Results
23 July 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.
AK Steel to Make Pension Trust Fund Contribution
22 July 2009 - AK Steel’s board of directors has authorized the company to make a $110-million contribution to its pension trust fund, double the company's $55 million required funding for the balance of 2009.
AK Steel Reports 2nd Quarter Results
22 July 2009 - AK Steel reports a net loss of $47.2 million on net sales of $793.6 million for the second quarter, and a net loss of $120.6 million on sales of $1,715.8 million for the first six months of 2009.
Stainless, Specialty Imports Still Down 56% through April
21 July 2009 - Total stainless imports reached 120,228 tons through April, a 55.8% decrease compared to YTD April 2008 according to the latest report from SSINA. Total specialty imports reached 169,903 tons through the same period, a 51.6% decrease compared to YTD April 2008.
YTD09 World Steel Production Still Down 21% through June
21 July 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 99.8 million tonnes in June 2009 — 4.1% above the previous month but still 16% lower than the same month of 2008.
Gerdau Ameristeel to Redeem 10 3/8% Senior Notes due at 2011
20 July 2009 - Gerdau Ameristeel announces its intentions to fully redeem its $405 million 10 3/8% Senior Notes due 2011 on August 31, 2009.
Mesabi Trust Declares No Distribution
20 July 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.
L.B. Foster to Deliver Gerdau Ameristeel Sheet Piling for New Orleans Flood Walls
20 July 2009 - L.B. Foster will provide steel sheet piling manufactured by Gerdau Ameristeel to the U.S. Army Corps of Engineers for construction of T-wall type flood walls in the New Orleans area.
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.
