North America
All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.
Latest News
U.S., Canada and Mexico Take Lead on Managing Industrial Chemicals
22 August 2007 - The United States, Canada, and Mexico are developing a regional partnership to assess and manage the potential risks associated with the manufacture and use of industrial chemicals.
Worthington to Form European Steel Processing Joint Venture
21 August 2007 - Worthington Steel will form a joint venture with The Magnetto Group to operate a steel processing facility in Kosice, Slovakia.
Standard & Poor’s to Move Cliffs on the U.S. Indices
21 August 2007 - Standard & Poor's announced that Cleveland Cliffs Inc. will replace Ohio Casualty Corp. in the S&P MidCap 400, GICS Steel Sub-Industry index.
Worthington to Form Mexican Steel Processing Joint Venture
21 August 2007 - Worthington Steel signs agreement to acquire a 50% interest in privately held Serviacero Planos, which will own and operate existing service centers in Leon and Queretaro in central Mexico.
June Steel Shipments Slip Below May Totals
21 August 2007 - U.S. steel mills shipped 8,920,000 net tons in June 2007, according to the latest report from the American Iron and Steel Institute.
IISI Reports World Crude Steel Production for July 2007
21 August 2007 - World crude steel production for the 67 countries reporting to the International Iron and Steel Institute stood at an estimated 109.9 million tonnes in July — 5.3% higher than for the same month of 2006, but a drop of 1.1% from the previous month. Excluding China, world production fell by 0.5% compared to the previous month, and grew by just 0.5% compared to July 2006.
Cleveland-Cliffs Enters New Credit Agreement
20 August 2007 - Cleveland-Cliffs enters into a new unsecured, $800-million credit agreement that provides more-flexible terms and conditions, along with improved pricing.
U.S. Steel Announces OCTG Authorized Distributors
20 August 2007 - United States Steel announces its new oil country goods distribution network for the United States following its acquisition of Lone Star Technologies earlier this year.
AltaSteel Workers Ratify Agreement with Scaw Metals
20 August 2007 - Members of United Steelworkers' Local 5220 ratify a new collective agreement with AltaSteel Ltd. - the first agreement reached with South-Africa-based parent company, Scaw Metals Group.
Woodside Capital Completes Acquisition Hamilton Specialty Bar Assets
20 August 2007 - Woodside Capital has successfully purchased the assets of Hamilton Specialty Bar in a deal led by Woodside Capital, Pinnacle Steel, and Sankaty Advisors.
Wheeling-Pittsburgh Nears Deal to Refinance Existing Credit Facilities
20 August 2007 - Wheeling-Pittsburgh reaches agreement in principle with its lead banks on the terms of a $350-million revolving credit facility to replace its current $225-million facility, and a new $135-million term loan to replace its existing government guaranteed term loan.
Precoat Metals Commits to Reduce Waste and Chemical Use
17 August 2007 - The U.S. Environmental Protection Agency’s mid-Atlantic region recognized Pa.-based Precoat Metals for committing to reduce waste and manufacture more environmentally-sound products.
Worthington Industries Issues Earnings Outlook
17 August 2007 - Worthington Industries says it is unlikely that its Metal Framing segment will return to profitability in the current quarter, which will likely help to push earnings per share into the range of $0.20 to $0.25 for the first quarter ending August 31, 2007.
Cleveland-Cliffs Selects Location for Iron Nugget Plant
17 August 2007 - Cleveland-Cliffs and joint-venture partner Kobe Steel will construct their 500,000 tons per year commercial-scale iron nugget production facility at Cliffs’ Empire Mine site in Palmer, Mich.
Republic and Union Reach Tentative Agreement
17 August 2007 - Republic reaches tentative labor agreement with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers Union.
ALJ Announces 3rd Quarter Earnings
16 August 2007 - ALJ - the parent company of the former Kentucky Electric Steel - reports net income of $1.6 million on net sales of $37.5 million for the three months ended June 30, 2007.
Samuel Manu-Tech Acquires Northland Stainless
15 August 2007 - Samuel Manu-Tech acquires Northland Stainless, a recognized leader in the design, engineering, manufacture, and supply of stainless steel pressure vessels, tank heads and components.
Keystone Reports 2nd Quarter Results
15 August 2007 - Keystone Consolidated reports net income of $17.2 million on net sales of $122.7 million for the second quarter, and net income of $31.7 million on net sales of $235.8 million for the six months ended June 30, 2007.
FeMET Initiative Awards Design Grant for 2007-2008
15 August 2007 - The American Iron and Steel Institute and the Association for Iron & Steel Technology Foundation’s FeMET Initiative award its design grant for the academic year 2007–2008 to a team of materials joining engineering students and their professor from Le Tourneau University for their proposal to study alternative welding technologies for continuous processing of steel sheet.
Timken Realignment to Drive Growth, Performance
14 August 2007 - Timken will restructure the company into two divisions – a Steel Group and a new Bearings and Power Transmission Group - to support continued improvement in operational performance.
