North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
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.
Cleveland Cliffs Reports 2nd Quarter Results
30 July 2007 - Cleveland-Cliffs reports net income of $86.9 million on record revenues from iron ore product sales and services of $547.6 million for the second quarter, and net income of $119.4 million on record revenues of $873.1 million for the six months ended June 30, 2007.
Carpenter Technology Shakes up Management Ranks
30 July 2007 - Carpenter Technology announces new assignments for two key operational executive officers—and the departure of Dennis Oates, former Senior Vice President—Specialty Alloys Division.
Algoma Steel Makes Final Offer to Local 2251
30 July 2007 - Algoma Steel confirms that the company has tabled its final offer to United Steelworkers Local 2251.
Carpenter Technology Reports Year-End Results
27 July 2007 - Carpenter Technology Corp. reported net income of $61.3 million on sales of $560.5 million for the fourth quarter, and net income of $227.2 million on sales of $1944.8 million for fiscal 2007.
U. S. Steel Announces Additional Appointments to Tubular Business Unit
27 July 2007 - United States Steel announces three additional operations appointments for its tubular business unit.
Algoma Steel Reaches Tentative Agreement with Salaried Employees
27 July 2007 - Algoma Steel reaches tentative agreement with United Steelworker Local 2724, the bargaining unit for its salaried employees; no agreement has yet been reached with the larger Local 2251, which covers 2714 union members.
Quanex Looks to Higher End of Earnings Guidance
26 July 2007 - Quanex expects to report fiscal third quarter 2007 diluted earnings per share from continuing operations in a range of $0.94 to $0.98, including an estimated $0.03 per share non-cash LIFO charge.
CMC Subsidiary to Install Flexible Medium Section Rolling Mill
26 July 2007 - Commercial Metals’s CMCZ steel minimill in Zawiercie, Poland, will install a new flexible medium section rolling mill at an estimated cost of $170 million.
