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North America

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

Latest News

CN to Acquire Key Railway Operations from U. S. Steel

27 September 2007 - Canadian National Railway enters agreement to acquire the major portion of the Elgin, Joliet and Eastern Railway from United States Steel for US$300 million.

Worthington Reports 1st Quarter Results

26 September 2007 - Worthington Industries reported net earnings of $20.2 million on net sales of $759.0 million for the three months ended August 31, 2007.

U. S. Steel Announces Authorized Pipe Distributors

26 September 2007 - United States Steel announces its new distribution network for domestic Standard and Line Pipe sales following its acquisition of Lone Star Technologies and related companies earlier this year.

Dietrich to Consolidate Five Metal Framing Facilities

26 September 2007 - Worthington Industries announces plans to implement a consolidation plan at five of its Dietrich Metal Framing locations.

Steel Import Slide Fails to Suppress Year-to-Date Totals

26 September 2007 - The U.S. imported a total of 2,558,000 net tons of steel in August 2007, reflecting reflects a 22% decrease compared to July final data.

Northwest Pipe Announces $10-Million Order

25 September 2007 - Northwest Pipe will supply approximately 33,000 feet of steel pipe for a new pipeline for the East Bay Municipal Utility District near Sacramento, Calif.

Core Furnace Installs Vacuum Degasser System for Ipsco

25 September 2007 - Core Furnace Systems completes start-up of a new 160-ton twin-tank vacuum degasser at Ipsco’s Montpelier facility.

Novamerican Steel Reports 3rd Quarter Results

24 September 2007 - Novamerican Steel reports net income of $7.4 million on sales of $191.5 million for the third quarter, and net income of $22.6 million on sales of $591.1 million for the nine months ended August 25, 2007.

Nucor’s Harris Steel Expands Rebar Fabrication Business

21 September 2007 - Nucor subsidiary Harris Steel builds its rebar fabrication business with the recent acquisition of Consolidated Rebar and South Pacific Steel, as well as a new agreement to combine businesses with Barker Steel.

Steel Dynamics Moves Forward on Minnesota Iron-Making Venture

21 September 2007 - Steel Dynamics moves forward with the Mesabi Nugget iron-making project at Hoyt Lakes, with the State of Minnesota helping to support project financing.

Stelco Announces Details of Proposed Notes Redemption

20 September 2007 - U. S. Steel specifies that Stelco's floating-rate notes due 2016 are to be redeemed on the effective date of the companies’ proposed arrangement under Section 192 of the Canada Business Corporations Act involving Stelco, U.S. Steel and 1344973 Alberta ULC, an indirect wholly owned subsidiary of U.S. Steel.

Commercial Metals Closes Acquisition of Croatian Mill

20 September 2007 - Commercial Metals’ Swiss subsidiary completes its acquisition of the outstanding shares of Valjaonica Cijevi Sisak from the Croatian Privatization Fund and Croatian government.

Pipe Producers Petition to Accelerate Pipe Duties

20 September 2007 - Six U.S. producers of welded standard steel pipe and the United Steelworkers file a critical circumstances allegation with the U.S. Department of Commerce in pending antidumping and countervailing duty investigations on dumped and subsidized imports of circular welded pipe from China.

Commercial Metals Acquires Economy Steel

20 September 2007 - Commercial Metals completes its acquisition of substantially all the operating assets of Economy Steel of Las Vegas.

IISI Reports World Crude Steel Production for August 2007

20 September 2007 - Figures released by the International Iron and Steel Institute show that world crude steel production for the 67 countries reporting stood at an estimated 108.1 million tonnes in August — 5.3% higher than for the same month of 2006, but a drop of 1.5% from the previous month, July 2007.

Ranger Steel Opens New Southern California Facility

19 September 2007 - Ranger Steel opens its fourth distribution center in the Los Angeles Basin to serve the west coast and northwestern states.

Reliance Steel & Aluminum to Acquire Metalweb

19 September 2007 - Reliance Steel & Aluminum Co. has reached an agreement to acquire the outstanding capital stock of Metalweb plc, a Birmingham, England based processor and distributor of products for non-structural aerospace components and general engineering parts.

Ryerson Schedules Special Meeting for Approval of Merger

19 September 2007 - Ryerson will hold a special meeting of stockholders on October 17 to vote on a proposal to approve its merger with an affiliate of Platinum Equity.

Timken to Expand Aerospace Capabilities with Purdy Acquisition

18 September 2007 - Timken enters agreement to acquire the assets of The Purdy Corp., a leading precision manufacturer and systems integrator for military and commercial aviation customers, for $200 million.

Steel Shipments Slip Again in July

18 September 2007 - U.S. steel mills shipped 8,844,000 net tons for the month of July 2007, according to the latest report from the American Iron and Steel Institute - a 1.9% decrease from the 9,016,000 net tons shipped in July 2006.

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