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North America

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

Latest News

Section 232 Decision Prompts Canada to Shore Up Import Defenses

28 March 2018 - Canada is instituting new regulatory measures intended to thwart transshipping of steel through the country, Prime Minister Justin Trudeau’s office has announced. 

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business. 

New Mill to Expand Carpenter Technology's Soft Magnetics Capabilities

27 March 2018 - Carpenter Technology Corp. has announced plans to build a US$100 million hot strip mill at its Reading, Pa., USA, plant, expanding its capability to produce soft magnetic alloys. 

JSW Steel Eyes US$500M Investment in Texas Mill

26 March 2018 - JSW Steel could invest up to US$500 million in its plate and pipe mill in Texas and add a hot end to the facility, according to an announcement.  

Some U.S. Allies Granted Provisional Exemption to Steel Tariff

22 March 2018 - U. S. Trade Representative Robert Lighthizer said the European Union and four countries will be granted an initial pass on the Section 232 steel tariffs that go into effect Friday.

GrafTech Prepares for Return to NYSE

22 March 2018 - Graphite electrode manufacturer GrafTech International is looking to raise upwards of US$100 million through an initial public offering, reports Crain’s Cleveland Business.

Deadline for Hamilton Specialty Bar Sale Draws Near

22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday. 

HarbisonWalker Begins Firing Up Ohio Refractories Facility

21 March 2018 - U.S. refractories manufacturer HarbisonWalker International has finished construction of its new monolithic refractories plant and is starting up operations.

Big River Might Make Expansion Decision Soon

20 March 2018 - Big River Steel executive Mark Bula said he believes his company will make the call on an expansion sometime this year.

Consultant: New Oil, Gas Wells Will Be Plentiful, Deeper and Steel Intensive

20 March 2018 - U.S. oil and gas exploration companies are forecast to drill around 16,000 new wells annually over the next five years, supporting demand for oil country tubular goods and line pipe, according to S&P Global Platts consultant Nicole Leonard.

A New Business for Old Blast Furnaces? Probably Not, Says Cliffs CEO

20 March 2018 - Although idled North American blast furnaces conceivably could find a second life producing merchant pig iron, the likelihood that they will is low, said Lourenco Goncalves, chairman and chief executive of iron ore miner Cleveland-Cliffs Inc.

Policy Expert Criticizes Argument Behind Section 232 Decision

20 March 2018 - The Trump administration fails to make an adequate argument for imposing steel tariffs on national security concerns and will likely face numerous legal challenges, a former economic and trade policy adviser to President Bush said on Tuesday.

Indiana Steelmaker Expects Increase in Q1 Earnings

19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year. 

Nucor Contracts with SMS group for Illinois Bar Mill

14 March 2018 - SMS group has been awarded a contract to build Nucor Corp.’s planned merchant bar mill at its existing Kankakee bar plant in Illinois. 

AK Steel Workers OK New Labor Pact

13 March 2018 - Unionized employees at AK Steel Corp.’s Middletown Works in Ohio have ratified a new two-year labor agreement, the company announced Tuesday.

U. S. Steel Foresees Better 2018 Earnings

13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

New Steel Mill Coming to Florida

12 March 2018 - Nucor Corp. has selected a site in central Florida as the home for a proposed US$240 million micro-mill, the company announced Monday.

Digitalization R&D Project Could Lead to Enhanced Production Scheduling at Big River

12 March 2018 - SMS group and a German university have launched a research and development project that focuses on automating production planning at Big River Steel.

It's Official: Trump Imposes 25% Tariff on Imported Steel

08 March 2018 - U.S. President Donald Trump signed proclamations on Thursday imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum, but left open the potential for certain countries to be exempted.  

Section 232 Decision Prompts U. S. Steel to Restart Illinois Blast Furnace

07 March 2018 - United States Steel Corporation plans to restart the B blast furnace at its Granite City Works in Illinois as a result of President Donald Trump’s proposed blanket tariff on imported steel, the company said on Wednesday. 

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