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North America

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

Latest News

Steel Dynamics Announces Two-for-One Stock Split

05 March 2008 - The Steel Dynamics board of directors approves a two-for-one split of the company's common stock as well as a 33% increase in the company's quarterly cash dividend.

Severstal North America and SeverCorr Announce New CFO

05 March 2008 - Severstal North America and SeverCorr announce the appointment of Mark J. Yost as Chief Financial Officer.

Nucor Completes Acquisition of The David J. Joseph Company

04 March 2008 - Nucor completes its acquisition of SHV North America—the owner of 100% of The David J. Joseph Co.—for a purchase price of approximately $1.44 billion.

PSI Solution to Support Dofasco’s Slab Yard Logistics

04 March 2008 - PSI will develop and deliver a management system for slab yard logistics at Dofasco’s facility in Hamilton, Ont.

Mercury Switch Recovery Program Collects One Millionth Auto Switch

03 March 2008 - The National Vehicle Mercury Switch Recovery Program and its partners celebrate a milestone with the collection of the one millionth mercury auto switch.

United Spiral Pipe Breaks Ground for New Facility

03 March 2008 - United Spiral Pipe—a joint venture of United States Steel, Posco, and SeAH Steel—breaks ground for a new state-of-the-art spiral welded pipe manufacturing facility in Pittsburg, Calif.

U. S. Steel Names General Manager of Granite City Works

29 February 2008 - United States Steel appoints Sharon K. Owen as General Manager of Granite City Works in Granite City, Ill.

U. S. Steel Names General Manager for Great Lakes Works

29 February 2008 - As part of a wave of personnel moves across the United States Steel organization, the company has appointed David J. Rintoul as General Manager of Great Lakes Works in Ecorse and River Rouge, Mich.

SMS Demag to Supply Anneal & Pickle Line for ThyssenKrupp Stainless USA

29 February 2008 - SMS Demag will provide the complete hot strip annealing and pickling line for ThyssenKrupp Stainless USA’s new facility in Calvert, Ala.

Samuel Manu-Tech Acquires Omega Joists

28 February 2008 - Samuel Manu-Tech acquires the assets and all business operations of Omega Joists, a leader in the design, engineering, manufacturing and supply of open web steel joists.

U. S. Steel Announces Management Changes at Mon Valley Works

28 February 2008 - United States Steel announced the appointment of Lisa A. Roudabush as General Manager of Mon Valley Works and Mark G. Tabler as Plant Manager of the Clairton Plant.

U. S. Steel Announces Management Changes at Gary Works

28 February 2008 - United States Steel announces management changes at Gary Works, including the appointment of Frederick G. Jauss as General Manager, Ralph Corrente as Plant Manager—Primary Operations, and David L. Armstrong as Plant Manager—Midwest Plant.

Grupo Simec Reports Preliminary Results of Operations for 2007

28 February 2008 - Grupo Simec announces preliminary results of operations, including a net profit of Ps. 1,824 million for the year ended December 31, 2007.

U. S. Steel Announces Key Executive Changes in U.S., Europe

28 February 2008 - United States Steel announces a series of management changes affecting the entire corporation, including the return of David H. Lohr to company headquarters to fill the new position of Senior Vice President — North American Flat-Roll Operations.

January Steel Imports Leap 33% over December Totals

27 February 2008 - The U.S. imported a total of 2,658,000 net tons of steel in January 2008 - a 33% increase over final data for December 2007 - according to the latest report from the American Iron and Steel Institute.

Timken Acquisition Expands Growing Steel Energy Portfolio

26 February 2008 - Timken completes its acquisition of the assets of Boring Specialties, a leading provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services.

Cleveland-Cliffs Reports Year-End 2007 Results

26 February 2008 - Cleveland-Cliffs reports net income of $93.7 million on consolidated revenues of $782.5 million for the fourth quarter, and net income of $270.0 million on record revenues of $2.28 billion for the full year ended December 31, 2007.

Full-Year Stainless Imports Dip 7.6% Below ‘06 Totals

26 February 2008 - Total stainless imports reached 765,431 tons through the end of 2007, a 7.6% decrease compared to YTD 2006, according to the latest report from the Specialty Steel Industry of North America.

Olympic Steel Reports Year End 2007 Results

25 February 2008 - Olympic Steel reports net income of $4.5 million on net sales of $236.1 million for the fourth quarter, and net income of $25.3 million on record net sales of $1.03 billion for the year ended December 31, 2007.

Grupo Simec Announces Acquisition of Aceros DM and Grupo San

25 February 2008 - Grupo Simec executes an agreement to acquire 100% of the shares of Corporacion Aceros DM, SA de CV and its Grupo San affiliates.

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