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North America

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

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USW Responds to ArcelorMittal’s Sale of Sparrows Point Mill

03 August 2007 - The United Steelworkers affirms the sale ArcelorMittal USA’s Sparrows Point Plant to Esmark, noting that negotiations will soon begin with both the seller and the new buyer.

Nucor to Acquire LMP Steel & Wire

03 August 2007 - Nucor enters into an agreement to acquire assets of cold finish bar producer LMP Steel & Wire for a cash purchase price of approximately $28 million.

TKS Announces Management Team for New Alabama Mega-Mill

03 August 2007 - ThyssenKrupp Steel USA announces the senior management team that will oversee carbon steel operations for the company’s $3.7-billion carbon and stainless steel processing facility planned for Calvert, Ala.

Worthington Industries to Acquire Wolfedale Cylinder Assets

02 August 2007 - Worthington Industries signed purchase agreement to acquire cylinder production assets from Wolfedale Engineering.

Cleveland-Cliffs Closes PinnOak Resources Acquisition

02 August 2007 - Cleveland-Cliffs has closed its previously announced acquisition of PinnOak Resources,a premium-quality metallurgical coal producer located in the United States.

Ryerson Reports 2nd Quarter 2007 Results

02 August 2007 - Ryerson Inc. reported net income of $38.1 million on sales of $1.6 billion for the second quarter, and net income of $66.2 million on sales of $3.3 billion for the six months ended June 30, 2007.

Steelworkers Reach Tentative Agreement with AltaSteel

02 August 2007 - United Steelworkers' Local 5220 reaches a tentative contract settlement with Scaw Metals Group’s AltaSteel Ltd.

EPA Cleanup Underway at Former Gulf States Steel Site

02 August 2007 - EPA Superfund removal actions have started at the former Gulf States Steel facility in Gadsden, Alabama—a short-term cleanup intended to stabilize the site and remove any hazards it may pose to human health and the environment.

Algoma Steel Extends Blast Furnace Shutdown

02 August 2007 - Algoma Steel says it expects remediation work to its No. 7 Blast Furnace to take longer than originally planned, with start-up now expected to take place in mid-August.

ArcelorMittal Announces Sale of Sparrows Point

02 August 2007 - ArcelorMittal USA enters into an agreement to sell its Sparrows Point facility and related assets to a joint venture group backed by Esmark and Wheeling-Pittsburgh, along with various industry and institutional investors.

Gerdau Ameristeel Steel Helps Support new Dallas Cowboys Stadium

01 August 2007 - Gerdau Ameristeel’s threadbar steel will play a key role in construction of the new Dallas Cowboys stadium, which will be the largest domed structure in the world when it is completed in 2009.

CITAC Calls on ITC to End Duties on Hot-Rolled Steel Imports

01 August 2007 - At the U.S. International Trade Commission sunset review investigation, the Consuming Industries Trade Action Coalition called for revocation of the current antidumping and countervailing duties on hot-rolled steel imports.

USW Calls on U.S. Trade Commission to Uphold Steel Tariffs

01 August 2007 - The United Steelworkers testified in support of tariffs on hot-rolled steel as the U.S. International Trade Commission opened its public hearing on whether tariff orders on steel from 11 countries should continue for another five years.

Nucor Steel Contracts CORE for EAF Revamp

01 August 2007 - Nucor Steel recently contracted Core Furnace Systems to convert an existing conventional-tapping EAF into a bottom-tapping EAF at its Jackson, Miss., facility.

Steel Dynamics to Expand Structural Capacity with New Caster at Columbia City

01 August 2007 - Steel Dynamics’ Board of Directors has approved an additional investment of $75 million to install a second caster at its Structural and Rail Division at Columbia City, Ind., complementing the second medium section mill that is currently under construction.

GE Corporate Lending Provides Credit Facility to Esmark

31 July 2007 - GE Commercial Finance Corporate Lending provides a $150-million asset-based credit facility to Esmark, to be used for working capital needs and to refinance existing debt.

U. S. Steel Appoints General Manager of Procurement

31 July 2007 - United States Steel appoints Leslie J. Broglie as General Manager—Procurement, a position previously held by Thomas A. Coughlin, who was recently named General Manager—Materials Management.

New Report Details Chinese Government Subsidies to its Steel Industry

31 July 2007 - An extensive new study has been released that concludes the Chinese steel industry has benefited from significant government subsidies, many of which violate China's World Trade Organization obligations.

California Steel Reports 2nd Quarter 2007 Results

31 July 2007 - California Steel Industries reports net income of $8.2 million on sales of $335.8 million for the second quarter, and net sales of $9.5 million on net sales of $650.5 million for the six months ended June 30, 2007.

Algoma Steel Reaches Tentative Agreement with USW Local 2251

31 July 2007 - Algoma Steel reaches a tentative agreement with United Steelworker Local 2251, the bargaining unit for its hourly employees.

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