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North America

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

Latest News

World Steel Dynamics Recognizes AK Steel as a World-Class Steelmaker

25 June 2008 - World Steel Dynamics adds AK Steel to its list of World-Class Steelmakers, reflecting the company's noteworthy turnaround since 2003.

Steelworkers Union Responds to Esmark Statement on Arbitrator Ruling

25 June 2008 - The United Steelworkers issues a statement that arbitrator Richard I. Block's decision had upheld the USW's contractual "right to bid" against Esmark's willful violation of the collective bargaining agreement.

Esmark to Grant Three-Day Extension of Right-to-Bid Period

25 June 2008 - Esmark confirms that an Arbitrator’s decision had cleared the way for its Board to act on competing bids for the company by declining to extend the 52-day “right-to-bid” period given to the United Steelworkers.

Steel Imports Down 18% in May

25 June 2008 - The U.S. imported a total of 2,451,000 net tons of steel in May 2008, an 18% decrease vs. April final data, according to the latest report from AISI.

ArcelorMittal to Acquire Mid Vol Coal Group, Double Capacity

24 June 2008 - ArcelorMittal signs agreement to acquire the Mid Vol Coal Group, announcing its intention to double production levels in the short to medium term.

TMK Ipsco Announces Senior Management Team

24 June 2008 - International producer TMK announces the appointment of TMK Ipsco’s new senior management team.

Carpenter Technology Files Complaint against Allegheny Technologies

24 June 2008 - Carpenter Technology files lawsuit against Allegheny Technologies alleging that two U.S. patents obtained by the company are not valid.

Essar Steel Algoma is Officially Born

24 June 2008 - One year after becoming a member of the Essar Group, Algoma Steel officially changes its company name to Essar Steel Algoma Inc.

IISI Reports World Steel Production for May 2008

23 June 2008 - World crude steel production for the 67 countries reporting to IISI stood at an estimated 119.5 million tonnes in May 2008 — 5.8% higher than for the same month of 2007, but only 2.9% higher than the previous month, April 2008.

ITC Vote Authorizes Duties on Welded Steel Pipe from China

23 June 2008 - The U.S. ITC confirms material injury related to imports of circular welded carbon-quality steel pipe from China that are subsidized and sold in the United States at less than fair value, leading to the issuance of countervailing and antidumping duty orders by the U.S. Department of Commerce.

Homeowners Prefer Steel Framing if Facing the Threat of Hurricane

20 June 2008 - U.S. homeowners indicated a preference for steel as the material of choice for framing their house if living in an area prone to hurricanes.

Commerce Finds Unfair Dumping, Subsidization of Rectangular Pipe from Three Countries

20 June 2008 - The U.S. Department of Commerce has announced its affirmative final determinations in the antidumping duty investigations on imports of light-walled rectangular pipe and tube from Mexico, P.R. China, and the Republic of Korea, and the countervailing duty investigation of this product from P.R. China.

Severstal Reaffirms Offer to Acquire Esmark

20 June 2008 - OAO Severstal reaffirms its all-cash $17-per-share tender offer to acquire all outstanding shares of Esmark common stock.

Nucor Names General Manager for New Ironmaking Facility

20 June 2008 - Nucor announces the Vice President and General Manager for the company’s new state-of-the-art coke and ironmaking facility.

WCI Steel Responds to Legal Challenge

19 June 2008 - WCI Steel issues statement in response to media inquiries concerning the legal challenge filed by Optima International of Miami and minority stockholders representing less than 18% of the company’s shares outstanding.

CMC Reports Third Quarter Earnings

19 June 2008 - Commercial Metals Co. reports net earnings of $59.5 million on net sales of $2.9 billion for the quarter, and net earnings of $168.4 million on net sales of $7.3 billion for the nine months ended May 31, 2008.

Reliance Steel & Aluminum to Acquire PNA Group

18 June 2008 - Reliance Steel & Aluminum Co. has reached an agreement to acquire the outstanding capital stock of PNA Group Holding Corp. in a transaction valued at approximately $1.1 billion.

Severstal Responds to Esmark Board of Directors

18 June 2008 - Severstal responds to the Esmark Board of Directors regarding actions following Severstal’s tender offer to acquire the outstanding shares of Esmark Inc.

Steel Shipments Increase 6.3% in April versus Last Year

18 June 2008 - U.S. steel mills shipped 9,403,000 net tons in the month of April 2008, according to the latest report from the American Iron and Steel Institute.

Steel Dynamics Subsidiary Completes Acquisition of Recycle South

17 June 2008 - Steel Dynamics subsidiary OmniSource Corp. has completed its acquisition of the remaining 75% equity interest in Spartanburg, S.C., based Recycle South, LLC.

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