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North America

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

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Degasser, Caster Improvements Slated for JSW Steel USA Mill 

24 January 2024 - JSW Steel USA has contracted Primetals Technologies to build what will be North America’s largest twin-station vacuum tank degasser and to upgrade the slab caster at its Ohio mill. 

Nippon Steel: We’re the Right Investor for U. S. Steel 

23 January 2024 - Nippon Steel Corp.’s leading executives on Tuesday reiterated promises that the company would honor United States Steel Corporation’s collective bargaining agreements and would share technology that would improve the iconic steelmaker’s competitiveness. 

NSC-USS Sale Doesn’t Impact National Security, Says Former Treasury Secretary

19 January 2024 - Former Treasury Secretary Lawrence Summers said national security is a non-issue when it comes to the Nippon Steel Corp. acquisition of United States Steel Corporation, reports the Bloomberg news service.

Licensing Agreement Grows IMS Systems Product Lineup 

17 January 2024 - IMS Systems Inc. a Pennsylvania-based maker of non-contact measuring systems for the metals industry, is expanding its product portfolio through an exclusive licensing agreement. 

USW Files Grievances over U. S. Steel Sale

15 January 2024 - The United Steelworkers union is challenging United States Steel Corporation’s proposed sale to Nippon Steel Corp., arguing that U. S. Steel violated terms of the basic labor agreement with the union, reports the Pittsburgh Post-Gazette. 

Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny  

11 January 2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday. 

TimkenSteel Adopts a New Name: Metallus 

10 January 2024 - U.S.-based TimkenSteel is changing its name to Metallus Inc., a nod to its 100-year legacy as a steel producer and its hope to improve the world by producing high-performance metals. 

CMC Reports Progress on Arizona Mill Ramp-Up 

09 January 2024 - U.S. long products maker CMC is ramping up its new Arizona micro-mill following its summer start-up and is reporting month-over-month production increases, according to the company’s chief executive officer. 

Cleveland-Cliffs Expands Board of Directors

04 January 2024 - Ron Bloom, a private equity executive, labor and political adviser, has joined the Cleveland-Cliffs Inc. board of directors, the steelmaker said Wednesday.  

ArcelorMittal Signs US$2.7B Natural Gas Supply Agreement

04 January 2024 - ArcelorMittal Mexico has renewed a natural gas supply agreement with Mexican state utility CFE Energía, a 10-year deal worth US$2.7 billion, according to the Reuters news service. 

POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business

04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation. 

Labor Caucus Seeks Review of U. S. Steel Acquisition

03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation. 

Under New Ownership, HWI Expands Manufacturing Capacity 

20 December 2023 - Refractories maker HWI is completing a slate of investments – and eying more in the year ahead, the company reports. 

U.S., EU Extend Truce on Steel, Aluminum Tariffs 

20 December 2023 - The United States and the European Union have agreed to continue pausing trade actions related to steel and aluminum imports, according to the Bloomberg news service. 

Nippon Steel to Acquire U. S. Steel

18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning. 

Senators Urge Action on Mexican Steel Imports 

15 December 2023 - A group of U.S. senators have expressed alarm over surging steel imports from Mexico and are asking the Biden administration to either implement a previously agreed-upon export monitoring arrangement or take aggressive steps to counter shipments into the country. 

U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process  

15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced. 

U. S. Steel Readies DR-Grade Pellet Plant for Production 

15 December 2023 - United States Steel Corporation is expecting to produce the first batches of low-silica iron ore pellets at the first of the year, following a US$150 million upgrade at its Keetac facility in Minnesota. 

Nucor Expects Q4 Profitability to Drop

15 December 2023 - Nucor Corp. said fourth-quarter earnings are likely to decline around 43% from the same period last year on lower pricing and volumes. 

SDI Forecasts Lower Q4 Earnings 

15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.

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