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North America

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

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Mesabi Trust Declares Distribution

14 January 2008 - Trustees of Mesabi Trust have declared a distribution of fifty-one and one-half cents per Unit of Beneficial Interest payable on February 20, 2008, a twenty cents per Unit increase compared to the year-ago quarter.

Severstal NA Halts Production at Blast Furnace Pending Investigation

14 January 2008 - Severstal North America confirms that it has halted production at Blast Furnace B, its smaller blast furnace, as a result of a January 5 accident at that facility.

GE Provides Facility for NLMK-Duferco Acquisition of Winner Steel

11 January 2008 - GE Commercial Finance Corporate Lending provides a $115-million asset-based credit facility to a joint venture between Novolipetsk Steel (NLMK) and Duferco Group for their acquisition of Winner Steel, now operating as Sharon Coating.

Steel Import Totals Still High Through the End of 2007

11 January 2008 - Steel import applications totaled 2,107,000 net tons for the month of December 2007, for a projected full-year steel import total of 33.3 million net tons that is 4% higher than 2005 import totals.

Nucor, Duferco to Form Joint Venture to Produce, Distribute Beams

11 January 2008 - Nucor signs Memorandum of Understanding with the Duferco Group to establish a 50/50 joint venture for the production of beams in Italy and the distribution of beams in Europe and North Africa.

AK Steel Announces Carbon Steel Price Increase

10 January 2008 - AK Steel will increase spot market prices by an additional $50 per ton for its carbon steel products for new orders accepted for shipment on February 1, 2008 and later.

Severstal North America Announces New Chief Operating Officer

10 January 2008 - Severstal North America names Thomas J. Cera to the position of Chief Operating Officer, replacing Jim Hrusovsky, who was recently appointed CEO of Columbus, Miss., based SeverCorr.

Canadian Tribunal Issues Orders on Hot-Rolled Plate from Three Countries

10 January 2008 - Canada will continue its antidumping duties on hot rolled carbon steel plate from P.R. China, but will eliminate antidumping duties on the same product from the Republic of South Africa and the Russian Federation, following an expiry review of its January 2003 orders on these products.

Northwest Pipe Announces Casings Contract

09 January 2008 - Northwest Pipe is awarded an approximately $30-million contract to manufacture tubing for steel casings that will be used for centrifuge machines in USEC's American Centrifuge Plant in Piketon, Ohio.

North American Galvanizing & Coatings Opens Tulsa Technical Center

09 January 2008 - North American Galvanizing & Coatings officially opens a new Technical Center in Tulsa that will house the company’s expanding Engineering Department.

ITC to Revoke Duties on Stainless Steel Bar from Five Countries

09 January 2008 - Based on its Sunset Review findings, the U.S. International Trade Commission will revoke existing orders on stainless steel bar from France, Germany, Italy, Korea, and the United Kingdom.

Esmark Announces New Management for Core Business Segments

09 January 2008 - As it aligns management responsibilities with its two business segments—Mill Operations and Downstream Operations—Esmark announces several executive appointments that take effect immediately.

AK Steel Recognized for 2007 Stock Performance

08 January 2008 - CNNMoney.com names AK Steel Holding as one of the ten best performing Fortune 500 stocks for 2007, noting the company’s "solid 174% increase in stock performance" in 2007.

Reliance Steel & Aluminum Sells Encore Coils Business

08 January 2008 - Reliance Steel & Aluminum sells the assets and business of the Encore Coils division of its Encore Group Limited subsidiary to Samuel Son & Co., Ltd., headquartered in Mississauga, Ont., Canada.

Schnitzer Steel Reports 23% Increase in First Quarter EPS

08 January 2008 - Schnitzer Steel reports net income of $25 million on revenues of $604 million for the fiscal 2008 first quarter ended November 30, 2007.

Evraz Passes HSR Waiting Period for Claymont Steel Acquisition

08 January 2008 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has passed for Evraz Group’s tender offer to purchase the outstanding shares of Claymont Steel Holdings common stock.

AK Steel Announces February 2008 Surcharges

07 January 2008 - AK Steel will add a $265/ton surcharge to invoices for electrical steel products shipped in February 2008.

Domestic Producers Respond to Duties for Chinese Welded Pipe Producers

07 January 2008 - U.S. pipe makers and the United Steelworkers respond to the preliminary finding by the U.S. Department of Commerce that Chinese producers of circular welded pipe are dumping below-cost product in the United States.

ThyssenKrupp Begins Hiring for New Alabama Carbon and Stainless Mill

07 January 2008 - ThyssenKrupp Steel USA and ThyssenKrupp Stainless USA have begun the hiring process for professional salaried positions for their new $3.7 billion state-of-the-art carbon and stainless steel processing facility in Calvert, Ala.

Commerce Finds Unfair Dumping of Steel Pipe from China

07 January 2008 - The U.S. Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation on imports of circular welded carbon-quality steel pipe from P.R. China.

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