North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
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.
ArcelorMittal and Unions to Launch Innovative Health and Safety Program
17 September 2007 - The International Metalworkers Federation, United Steelworkers, and representatives from Arcelor Mittal will hold a press conference to announce a historic initiative to improve health and safety standards throughout the company.
Update on Allegheny Technologies Chief Executive
17 September 2007 - Allegheny Technologies Chairman, President and CEO L. Patrick Hassey is expected to resume his normal duties shortly following successful cardiac artery bypass surgery on Friday, Sep. 14.
National Steelworker Retirees to Receive Health Care Benefit Checks
17 September 2007 - The VEBA benefit trust fund established for former United Steelworkers and other represented employees of National Steel will soon distribute benefit checks to some 4000 retirees, spouses, and surviving spouses to reimburse them for a portion of monthly premiums paid for Medicare Part B coverage.
Gerdau Ameristeel Completes Chaparral Steel Acquisition
17 September 2007 - Gerdau Ameristeel completes its acquisition of Chaparral Steel, creating the second-largest structural steel producer in North America.
Nucor to Acquire Nelson Steel
14 September 2007 - Nucor enters into an agreement to acquire the assets of Nelson Steel, a significant player in the mesh markets, for a cash purchase price of approximately $54 million.
Cleveland-Cliffs Names New VP Sales and Transportation
13 September 2007 - Cleveland-Cliffs announces the promotion of Terrence R. Mee to Vice President, Sales and Transportation effective Sept. 16, 2007.
Steel Import Permit Applications Decline 22% in August
13 September 2007 - Steel import permit applications totaled 2,490,000 net tons for the month of August, a 22% decrease from the 3,204,000 permit tons recorded in the previous month.
Chaparral Stockholders Approve Merger with Gerdau Ameristeel
13 September 2007 - In a special meeting held Wednesday, Chaparral Steel stockholders adopt the merger agreement for the company’s acquisition by Gerdau Ameristeel.
Nucor Announces Third Quarter Earnings Guidance
13 September 2007 - Nucor says it expects to report earnings in the range of $1.10 to $1.15 per diluted share for the third quarter ending September 29, 2007.
Steel Dynamics Adds Term Loan A Facility
12 September 2007 - Steel Dynamics amends its existing $750-million senior secured credit facility to allow for the addition of a $550-million term loan A facility.
Russel Metals Applies for Termination of Reporting Obligations
11 September 2007 - Russel Metals intends to terminate its reporting obligations under section 15(d) of the Securities Exchange Act of 1934 with respect to its 6.375% Senior Notes due March 1, 2014.
Carpenter Announces 10b5-1 Share Repurchase Plan
11 September 2007 - Carpenter Technology enters into a Rule 10b5-1 Plan to facilitate the repurchase of up to $115 million of its common stock.
Former Nucor CFO Honored by National Financial Organization
11 September 2007 - Financial Executives International selects former Nucor Vice Chairman, CFO, Treasurer and Secretary Sam Siegel as an inductee for the 2007 class of the FEI Hall of Fame.
KPS Capital Partners Sells Herr-Voss Stamco Venture
11 September 2007 - KPS Capital Partners sells its jointly owned portfolio company, Genesis Worldwide II, which designs and manufactures processing equipment under the Herr-Voss Stamco brand name.
Horsehead Employees Ratify New Contract
10 September 2007 - Members of United Steelworkers local 8183-25 ratify a new labor agreement covering employees at Horsehead’s Monaca, Pa., facility.
Nucor Announces Resignation Of Director
10 September 2007 - Director Ray Milchovich resigns from the Nucor Board of Directors due to other demands on his time.
Ryerson Acquisition Passes U.S. Antitrust Waiting Period
10 September 2007 - Ryerson passes the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed merger with an affiliate of Platinum Equity LLC.
Universal Stainless Announces Tool Steel Base Price Increase
10 September 2007 - Universal Stainless & Alloy Products will increase base prices by 5 to 7% on all tool steel products manufactured at its Bridgeville and Dunkirk facilities.
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