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North America

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

Latest News

Steelworkers Form Unity Council for Evraz NA Operations

13 November 2008 - USW representatives in Regina and Calgary join with other USW members employed by Evraz North America in Canada and the U.S. to form a Unity Council.

Essar Steel Algoma Reports Strong 2nd Quarter Performance

13 November 2008 - Essar Steel Algoma reports net income of $146.0 million on shipments of 741,000 tons as well as record EBITDA of $211.7 million for the second quarter of fiscal 2008/2009.

Kennametal Honors Excellence in Environmental Health and Safety

12 November 2008 - Kennametal presents its seventh annual Environmental Health and Safety Excellence Awards to six Kennametal teams worldwide.

U. S. Steel Tubular Names Chief Roughneck Award Recipient

12 November 2008 - U. S. Steel Tubular Products names Diemer True, Founder and Chairman of the Diamond Companies of Wyoming, as the recipient of its Chief Roughneck Award for 2008.

AK Steel Temporarily Idles Some Operations in Mansfield, Ashland

12 November 2008 - AK Steel will temporarily idle its Mansfield operations, and most of its Ashland, Ky., operations because of sharply lower demand for some of its products.

Russel Metals to Acquire Norton Metal Products

11 November 2008 - Russel Metals Inc. has entered into a stock purchase agreement to acquire 100% of the outstanding capital stock of Norton Metal Products, a family-owned metals service center located in Fort Worth.

Falling Prices Prompt Universal Stainless to Reduce Q4 EPS Guidance

11 November 2008 - Universal Stainless & Alloy Products updates its business outlook for the fourth quarter of 2008 to reflect diluted EPS ranging from breakeven to $0.15 due to lower raw material prices.

Severstal Completes Bid for PBS Coals Shares

10 November 2008 - Severstal affiliate 7027940 Canada Limited completes the offer to purchase the outstanding common shares of PBS Coals Limited, formerly known as Penfold Capital Acquisition Corp.

Cliffs Natural Resources Provides WARN Notices

10 November 2008 - Cliffs Natural Resources’ North America business unit initiates WARN Act notification to local officials and the United Steelworkers at its Empire and Tilden mines in Michigan and the Hibbing Taconite and United Taconite mines in Minnesota.

Olympic Steel Announces Senior Management Promotions

07 November 2008 - Olympic Steel promotes senior managers into the positions of Regional Vice President for the company's newly established Southern Region, and General Manager for the North and South Carolina operations.

ThyssenKrupp Celebrates Construction Milestones for Alabama Mill

07 November 2008 - ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA celebrate the first anniversary of groundbreaking with a review of the key construction milestones to date for their new world-class complex in Calvert, Ala.

Keystone Reports 3rd Quarter Results

07 November 2008 - Keystone Consolidated Industries reports net income of $24.0 million on net sales of $183 million for the third quarter of 2008.

Russel Metals Reports 3rd Quarter Net Earnings

07 November 2008 - Russel Metals reports net earnings of $92 million on consolidated revenues of $955 million for the third quarter, and net earnings of $200 million on revenues of $2.5 billion for the nine months ended September 30, 2008.

AK Steel Posts December Surcharges for Electrical Steels

06 November 2008 - AK Steel will add a $185 per ton surcharge for electrical steel products shipped in December 2008.

Gerdau Ameristeel Reports Record 3rd Quarter Earnings

06 November 2008 - Gerdau Ameristeel reports net income of $316.9 million on net sales of $2.5 billion for the third quarter, and net income of $742.0 million on net sales of $7.1 billion for the nine months ended September 30, 2008.

Steel Import Permit Applications Virtually Unchanged in October

06 November 2008 - Steel import applications totaled 2,908,000 net tons for the month of October, was a 1% increase from the 2,867,000 permit tons recorded in September 2008, and a 0.5% decrease from the September preliminary imports total of 2,921,000 net tons, according to the latest report from AISI.

ITC to Conduct Sunset Review of CTL Plate from China, Russia, and Ukraine

05 November 2008 - The U.S. International Trade Commission votes to conduct full five-year sunset reviews for antidumping duty orders on cut-to-length carbon steel plate from China, Russia, and Ukraine.

AK Steel Updates Fourth Quarter Outlook

05 November 2008 - AK Steel lowers its fourth quarter 2008 shipping and earnings expectations based on weaker-than-expected economic conditions in the United States and globally.

Schnitzer Steel Announces New CEO

05 November 2008 - Schnitzer Steel Industries announces the election of its new President and CEO, replacing John D. Carter, who has been elected Chairman of the Board, effective December 1, 2008.

California Steel Reports 3rd Quarter Results

05 November 2008 - California Steel Industries reports net income of $35.5 million on net sales revenue of $440.8 million for the third quarter, and net income of $89.4 million on net sales revenue of $1.24 billion for the nine months ended September 30, 2008.

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